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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	Describe the General Accounting Dashboard and Work Areas Describe Smart View accounting inquiry and analysis
Topic 3	Create Allocations and Periodic Entries Processing Intercompany Transactions
Topic 4	Manage Legal Jurisdictions, Legal Authorities and Legal Entities Explain the General Ledger Balances Cube
Topic 5	Manage Reporting using Financial Reporting Web Studio Explain the journal approval setup
Topic 6	Explain the Financial Reporting Center and available reporting tools Manage Chart of Accounts Security
Topic 7	Process intercompany reconciliations Configuring Enterprise and Financial Reporting Structures

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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q70-Q75):

NEW QUESTION # 70
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?

• A. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
• B. Use Oracle Hyperion Financial Management for this type of complex consolidation.
• C. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
• D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.

Answer: C
NEW QUESTION # 71
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

• A. Account Inspector
• B. Sunburst reports
• C. Account Monitor
• D. Smart View
• E. Online Transactional Business Intelligence

Answer: A,C,D
NEW QUESTION # 72
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

• A. They can format each table by hiding and showing columns, moving columns, and resizing columns
• B. They can use Personalization to move and remove regions from those pages
• C. They can have the System Administration customize pages for them using Page Composer
• D. Users have very little control their Springboards and Work Areas; they can only resize columns

Answer: A,B
NEW QUESTION # 73
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?

• A. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
• B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
• C. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
• D. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively

Answer: D
NEW QUESTION # 74
You want to enter budget data in General Ledger Cloud. Which method is not supported?

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

Answer: C
NEW QUESTION # 75
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