Oracle 1z0-1054-23 real exam prep : Oracle Financials Cloud: General Ledger 2023 Implementation Professional

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Oracle 1z0-1054-23 Exam Syllabus Topics:

Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. Which two statements are true regarding the Translation process? (Choose two.)

A) The Translation process can only be used for translating the balances of Secondary ledgers.
B) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
C) If necessary, before submitting the Translation process, the Revaluation process should be completed.
D) The Translation process can only be used to translate balance sheet accounts.
E) The Translation process should be run before posting Period Close adjustment entries.

2. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Journal category
B) Profile option
C) Ledger options
D) Journal sources
E) Journal lookup codes

3. Which two statements are true about infotiles and infolets?

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

4. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)

A) Enterprise Performance Management Workspace
B) Universal Content Management Workspace
C) Scheduled Processes
D) Business Process Management Workspace
E) Reports and Analytics

5. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

A) You have an unrealized exchange loss recorded.
B) You have an unrealized exchange gain recorded.
C) The original journal entry in Euros remains the same.
D) The original journal entry in Euros is updated.
E) There is no unrealized exchange gain or loss calculated.

Solutions: