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Oracle 1z0-1054-23 Exam Syllabus Topics:

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

Question 1

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A. Nothing, existing historical rates are not updated.
B. Historical rates are converted into an average rate (original and new rate).
C. The existing historical rate is deleted.
D. The historical rate is replaced.

Question 2

The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A. The Data Model
B. The Data Source
C. Output type
D. The layout-Template
E. The Sub_Template

Question 3

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A. Account group
B. Trial Balance report
C. OTBI report
D. Financial Reporting Web Studio report

Question 4

Which two are valid Data Access Set types? (Choose two.)

A. Full Ledger
B. Primary Balancing Segment Value
C. Read and Write access
D. Full access
E. Read Only access

Question 5

Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A. The original journal entry in Euros remains the same.
B. There is no unrealized exchange gain or loss calculated.
C. You have an unrealized exchange gain recorded.
D. The original journal entry in Euros is updated.
E. You have an unrealized exchange loss recorded.

Solutions: