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Oracle 1z0-1054-22 Exam Syllabus Topics:

Topic Details
Topic 1
  • Create Allocations and Periodic Entries
  • Processing Intercompany Transactions

Topic 2
  • Configuring Financial Reporting
  • Analyze budgets versus actuals
  • Manage Account Hierarchies

Topic 3
  • Manage Reporting using Financial Reporting Web Studio
  • Explain the journal approval setup

Topic 4
  • Configuring Period Close Components
  • Configure and Process Intercompany

Topic 5
  • Explain the Financial Reporting Center and available reporting tools
  • Manage Chart of Accounts Security


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1z0-1054-22 Test Dumps: Oracle Financials Cloud: General Ledger 2022 Implementation Professional - 1z0-1054-22 Actual Exam Questions

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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q52-Q57):

NEW QUESTION # 52
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

  • A. The purchase order is Open and the invoice is Validated
  • B. The purchase order is Liquidated and the invoice is Partially Reserved
  • C. Both are reserved
  • D. The purchase order is Partially Liquidated and the invoice is Partially Reserved
  • E. Both are Partially Reserved
  • F. The purchase order is Partially Liquidated and the invoice will be Reserved

Answer: D
NEW QUESTION # 53
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)

  • A. OTBI allows you to create custom reports from real-time transactional data against the database directly
  • B. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
  • C. Cloud customers can use both OTBI and OBIA
  • D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
  • E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Answer: A,B,E
NEW QUESTION # 54
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

  • A. Close Intercompany periods in Fusion Intercompany
  • B. Freeze the Intercompany journal source in General Ledger
  • C. Close all subledger periods
  • D. Close the General Ledger period in the Manager Accounting Periods page

Answer: A
NEW QUESTION # 55
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

  • A. Journal Line Rules
  • B. Account Rules
  • C. Chart of Accounts
  • D. Accounting Date
  • E. Supporting References

Answer: A,B,E
NEW QUESTION # 56
Most of the accounting entries for transactions form your source system use TRANSACTIONAMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAXAMOUNT as the source.
At what level can you override the default accounting attribute assignment?

  • A. Event Class
  • B. Event Type
  • C. Journal Line Rule
  • D. Journal Entry
  • E. Journal Entry Rule Set

Answer: C
NEW QUESTION # 57
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