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Oracle 1z0-1054-22 Exam Syllabus Topics:

Topic	Details
Topic 1	Configuring Financial Reporting Analyze budgets versus actuals Manage Account Hierarchies
Topic 2	Manage Reporting using Financial Reporting Web Studio Explain the journal approval setup
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 General Ledger Security Describe intercompany balancing Manage Accounting Calendars
Topic 6	Configuring Period Close Components Configure and Process Intercompany
Topic 7	Process intercompany reconciliations Configuring Enterprise and Financial Reporting Structures
Topic 8	Manage Intercompany Balancing Rules and Additional Intercompany and Clearing Options Explain Oracle Transactional Business Intelligence

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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
On which three occasions are Essbase balances updated? (Choose three.)

• A. every time journals are posted to the general ledger
• B. every time the tree version is published
• C. at report run-time
• D. every time you open a new period
• E. every time you run the batch program called "Update Essbase Balances"

Answer: A,B,C
NEW QUESTION # 62
Which three objectives must be considered when designing the chart of accounts? (Choose three.)

• A. Consider implementing a single, global chart of accounts
• B. Anticipate growth and maintenance needs as organizational changes occur
• C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
• D. Effectively manage an organization's financial business
• E. Limit the number of segments to those you need today to reduce data entry

Answer: A,B,D
NEW QUESTION # 63
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

• A. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• B. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
• D. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Answer: D
NEW QUESTION # 64
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 spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
• C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
• D. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period

Answer: D
NEW QUESTION # 65
You want to achieve multi-step cascading allocations, which feature do you use?

• A. RuleSets
• B. Formulas
• C. Point of View (POV)
• D. General Ledger journal entries

Answer: A Explanation:
Reference:
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NEW QUESTION # 66
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