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Oracle 1z0-1054-24 Exam Syllabus Topics:

SectionWeightObjectives
Processing Journals20%- Enter and Manage Journals
- Configure Journal Approval Workflows
- Process Average Daily Balances
- Set Up and Process Intercompany Transactions
Using Financial Reporting15%- Navigate Financial Reporting Center
- Use OTBI and Smart View for Reporting
- Design Reports with Financial Reporting Web Studio
- Use General Accounting Dashboard
Managing Period Close Components20%- Perform Revaluation, Translation and Consolidation
- Configure and Use Close Monitor
- Create Allocations and Periodic Entries
- Manage Account Reconciliations
Configuring Enterprise and Financial Reporting Structures25%- Configure Chart of Accounts
- Set up Account Hierarchies
- Manage Accounting Calendars
- Secure Chart of Accounts Segments
- Define Legal Entities, Geographies and Currencies
Configuring Ledgers20%- Understand and Use General Ledger Balances Cube
- Manage Ledger Configurations
- Apply Ledger Security and Access Controls

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Essentials: What Candidates Ask

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The official Oracle Financials Cloud: General Ledger 2024 Implementation Professional outline distributes its emphasis like this:
  • Configuring Enterprise and Financial Reporting Structures (25%)
  • Configuring Ledgers (20%)
  • Managing Period Close Components (20%)
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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions:

Question #1

Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains
/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

  • A. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
  • B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
  • C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
  • D. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.The system will automatically update the translated balances.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

Which two statements are true about infotiles and infolets?

  • A. Infotiles have Front view. Back view, and Expanded view.
  • B. You can refresh infolets to see up-to-date data.
  • C. Infolets are accessed only from the News Feed home page layout.
  • D. You can create your own user-defined infolets.
  • E. Infotiles pull data from a Smart View analysis.
Reveal Solution  Discussion  0

Correct Answer: A,B  🗳️

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Question #3

In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

  • A. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
  • B. They can have the System Administrator configuring pages for them using Page Composer
  • C. They can use "+" under the Apps section of the News Feed homepage
  • D. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
Reveal Solution  Discussion  0

Correct Answer: C,D  🗳️

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Question #4

An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

  • A. Primary balancing segment rule
  • B. Ledger-level rule
  • C. Legal entity-level rule
  • D. Chart of accounts rule
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

Which two statements are true about balances cubes in General Ledger?

  • A. They are updated automatically when the Revaluation process is run.
  • B. They are updated automatically when the General Ledger period is opened.
  • C. They are updated automatically when the Translation process is run.
  • D. A new balances cube is created for a unique combination of ledger and currency.
  • E. New dimensions can be added to a General Ledger balances cube.
Reveal Solution  Discussion  0

Correct Answer: D,E  🗳️

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