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Oracle 1z0-1054-22 Exam Syllabus Topics:

TopicDetails
Topic 1
  • Create Allocations and Periodic Entries
  • Processing Intercompany Transactions
Topic 2
  • Manage General Ledger Security
  • Describe intercompany balancing
  • Manage Accounting Calendars
Topic 3
  • Describe the General Accounting Dashboard and Work Areas
  • Describe Smart View accounting inquiry and analysis
Topic 4
  • Manage Legal Jurisdictions, Legal Authorities and Legal Entities
  • Explain the General Ledger Balances Cube
Topic 5
  • Manage Reporting using Financial Reporting Web Studio
  • Explain the journal approval setup
Topic 6
  • Configuring Period Close Components
  • Configure and Process Intercompany
Topic 7
  • Explain the Financial Reporting Center and available reporting tools
  • Manage Chart of Accounts Security
Topic 8
  • Process intercompany reconciliations
  • Configuring Enterprise and Financial Reporting Structures
Topic 9
  • Configuring Financial Reporting
  • Analyze budgets versus actuals
  • Manage Account Hierarchies

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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q97-Q102):

NEW QUESTION # 97
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

  • A. General Ledger - Summary Journals Real Time
  • B. General Ledger - Journal Balances Real Time
  • C. General Ledger - Journals Real Time
  • D. General Ledger - Journal Transaction Balances Real Time

Answer: C

Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376


NEW QUESTION # 98
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

  • A. Smart View
  • B. Financial Reporting Studio
  • C. Application Composer
  • D. Oracle Transactions Business Intelligence
  • E. Oracle Enterprise Repository

Answer: A,B,D


NEW QUESTION # 99
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?

  • A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
  • B. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
  • C. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
  • D. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
  • E. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

Answer: A


NEW QUESTION # 100
You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to view the supporting reference balances?

  • A. General Ledger inquiries and reports
  • B. an Account Group
  • C. an OTBI analysis
  • D. a SmartView analysis

Answer: C

Explanation:
Reference:
html#OCUAR1448300


NEW QUESTION # 101
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

  • A. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period
  • B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period
  • C. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
  • D. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management

Answer: B


NEW QUESTION # 102
......

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