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Oracle 1z0-1054-23 Exam Syllabus Topics:

Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. Which delivered role can access the full functionality of Functional Setup Manager?

A) Any functional user
B) Functional Setup Manager Superuser
C) Application Implementation Manager
D) IT Security Manager
E) Application Implementation Consultant

2. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

A) Ledger-level rule
B) Chart of accounts rule
C) Legal entity-level rule
D) Primary balancing segment rule

3. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A) Optimize parent/child relationships.
B) View information for runtime performance.
C) Verify correctness of trees.
D) Set the status of a tree to active.
E) Create additional versions of a tree.

4. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when there is a many-to-many journal and you want to use a clearing company
B) when the journal is not balanced by the primary balancing segment value (BSV)
C) when the journal is balanced by the primary BSV but not by second or third BSV
D) when the journal is balanced by second balancing segment value

5. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A) Define the intercompany segment with a default value.
B) Define the company segment and assign both the primary balancing segment and intercompany segment labels.
C) Create two different value sets for the company and intercompany segments.
D) Share the same value set for the company and intercompany segments.

Solutions: