Oracle 1Z0-1054-23 Exam Preparation: Everything You Need to Know to Pass - PDF document

Oracle 1Z0 - 1054 - 23 Exam Preparation: Everything You Need to Know to Pass Make 1Z0 - 1054 - 23 Certification Easy with DBexam.com For Oracle 1Z0 - 1054 - 23 Exam Preparation Tips for 1Z0 - 1054 - 23 Certification 1. Perform enough practice with Oracle system on related Oracle 1Z0 - 1054 - 23 certification subjects. 2. Identify the key configuration, workflow and data flow. 3. Understand all Syllabus Topics of the Exam. 4. Identify your weak areas from practice test and do more practice with system. 5. Repeat practice exams and try to score 100% on www.DBexam.com. 1Z0 - 1054 - 23 Certification Detail Exam Code 1Z0 - 1054 - 23 Full Exam Name Oracle Financials Cloud General Ledger 2023 Implementation Professional Number of Questions 55 Practice Exams 1Z0 - 1054 - 23 Online Practice Exam Passing Score 75% Time Limit 90 minutes Recommended Training Become a Certified Financials - General Ledger Implementer Syllabus Topics for Oracle 1Z0 - 1054 - 23 Exam Topic Name Configuring Enterprise and Financial Reporting Structures Journal Processing Configure and Process Intercompany Configuring Financial Reporting Configuring Period Close Components Configuring Ledgers Oracle 1Z0 - 1054 - 23 Exam Questions ? 01. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates. What steps must you perform to achieve this objective without causing data corruption? Option F) Define F new ledger Fnd Fccounting configurFtion. The СТА Fccount cFnnot be updated after the ledger has been in use. b) Query the TrFnslFtion journFls Fnd delete Fll of them, then chFnge the СТА account in the Ledger page, and rerun Translation for all periods required. c) Open the Ledgers pFge Fnd updFte the СТА Fccount Fnd then rerun TrFnslFtion for all periods required. The system will automatically update the translated balances. d) Purge Fll trFnslFted bFlFnces, chFnge the СТА Fccount in the Ledger pFge, Fnd rerun Translation for all periods required. ANSWER d) Purge all translated balances, change the СТА account in the Ledger page, and rerun Translation for all periods required. 02. You need to create a month - end reporting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors. In which three ways do you accomplish this? Option a) Users can drill down on snapshot reports for further analysis. b) Using Workspace, assemble multiple reports into a book. c) Use a Report Batch to run reports at a specific time to create a set of snapshot reports based on accounting information at that specific point in time. d) The reports contained in the book can be printed or viewed individually or as an entire book that includes a table of contents. e) Snapshot reports can only be viewed online. ANSWER b) Using Workspace, assemble multiple reports into a book. c) Use a Report Batch to run reports at a specific time to create a set of snapshot reports based on accounting information at that specific point in time. d) The reports contained in the book can be printed or viewed individually or as an entire book that includes a table of contents. 03. The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page? Option a) Budget Group b) Application Development framework Desktop Integral ion (ADFdi) c) Account Group d) Budget Controller e) Budget Account Group ANSWER e) Budget Account Group 04. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting tor these products? Option a) Each product has its own Intercompany Accounting feature that needs to be set up separately. b) Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products. c) Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross - ledger intercompany transactions and single - ledger intercompany journals. d) They need to license a separate stand - alone Intercompany product that acts as the Intercompany Accounting Hub. ANSWER b) Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products. c) Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross - ledger intercompany transactions and single - ledger intercompany journals. 05. Your user forgot the password. How do you resolve this? Option a) Use the Manage Users page to update the user's information and change the password. b) Use Oracle Identity Management (OIM) to reset the user's password. c) Log in to the user's machine as an Administrator and change the password from the login password. d) Use Access Policy Manager (APM) to reset the user's password. e) Create a new user ID and password for the user. ANSWER b) Use Oracle Identity Management (OIM) to reset the user's password. 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