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Oracle 1z0-1054-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Manage General Ledger Security Describe intercompany balancing Manage Accounting Calendars
Topic 2	Configuring Financial Reporting Analyze budgets versus actuals Manage Account Hierarchies
Topic 3	Process intercompany reconciliations Configuring Enterprise and Financial Reporting Structures
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
Topic 6	Describe the General Accounting Dashboard and Work Areas Describe Smart View accounting inquiry and analysis
Topic 7	Manage Legal Jurisdictions, Legal Authorities and Legal Entities Explain the General Ledger Balances Cube
Topic 8	Manage Intercompany Balancing Rules and Additional Intercompany and Clearing Options Explain Oracle Transactional Business Intelligence
Topic 9	Create Allocations and Periodic Entries Processing Intercompany Transactions

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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q19-Q24):

NEW QUESTION # 19
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

• A. Journal entry spreadsheets are not impacted by this new function.
• B. Must have separate user defined roles using the privilege XLACREATEGENERALLEDGERAND_SUBLEDGER _JOURNALS.
• C. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
• D. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

Answer: C,D
NEW QUESTION # 20
You want to enter budget data in General Ledger Cloud. Which method is not supported?

• A. Application Development Framework Desktop Integration (ADFdi)
• B. File-based Data Import
• C. Entering budget journals
• D. Direct budget balance updates from a Financial Statement in Smart View

Answer: C
NEW QUESTION # 21
You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

• A. Calendar
• B. Period
• C. Year
• D. Fiscal

Answer: B
NEW QUESTION # 22
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

• A. The Segment Value Security rules do not take effect until you assign the rules to users and products
• B. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
• C. You can use hierarchies to define rules
• D. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products

Answer: C,D
NEW QUESTION # 23
Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels.
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Which two recommendations would you give your customer? (Choose two.)

• A. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
• B. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
• C. Additional intercompany balancing and clearing options will need to be defined
• D. Additional intercompany rules will need to be defined for the two additional balancing segments

Answer: A,D Explanation:
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm
NEW QUESTION # 24
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