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Oracle 1z0-1054-24 Exam Syllabus Topics:

Topic	Details
Topic 1	Managing Period Close Components: This section of the exam measures the skills of a Financial Consultant and covers activities necessary to complete a successful period close. It explains managing revaluations, translations, and consolidations, handling reconciliations, configuring the Close Monitor to track period close status, and creating allocations and periodic journal entries needed for finalizing accounting records.
Topic 2	Configuring Ledgers: This section of the exam measures the skills of an Implementation Consultant and focuses on setting up and maintaining ledgers. It explains managing ledger configurations, understanding the General Ledger balances cube for reporting purposes, and applying security controls to protect ledger data and ensure proper access management.
Topic 3	Configuring Enterprise and Financial Reporting Structures: This section of the exam measures the skills of an Implementation Consultant and covers the setup of enterprise structures necessary for financial reporting. It includes configuring the chart of accounts, setting up account hierarchies, managing accounting calendars, securing chart of accounts segments, and handling legal jurisdictions, authorities, legal entities, geographies, and currencies to support an organization's financial operations.
Topic 4	Using Financial Reporting: This section of the exam measures the skills of an Implementation Consultant and covers the use of financial reporting tools in Oracle Financials Cloud. It explains how to work with the Financial Reporting Center, create and manage reports using Financial Reporting Web Studio, use Oracle Transactional Business Intelligence (OTBI), leverage Smart View for reporting, and utilize the General Accounting Dashboard. It also describes analyzing budgets versus actuals with these tools.
Topic 5	Processing Journals: This section of the exam measures the skills of a Financial Consultant and covers the processes involved in capturing and managing journals. It explains how to configure journal approval workflows, outlines methods for entering journals, discusses average daily balance processing, and details the configuration and processing of intercompany transactions.

Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
You want to achievemulti-step cascading allocations. Which feature do you use?

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

Answer: C

NEW QUESTION # 62
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

A. Close all subledger periods.
B. Close the General Ledger period in the Manage Accounting Periods page.
C. Close Intercompany periods in Fusion Intercompany.
D. Freeze the Intercompany Journal source in General Ledger.

Answer: C

NEW QUESTION # 63
Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A. You can download the template only from the Manage Chart of Accounts Mappings page.
B. It supports external integration using REST services.
C. You can create, update, and delete account rules for a chart of accounts mapping.
D. You can create, update, and delete segment rules for a chart of accounts mapping.

Answer: C,D

Explanation:
According to Oracle documentation3, when using FBDI template to load Chart of Account Mapping Rules for their Primary and Secondary ledgers, you can create, update, and delete account rules for a chart of accounts mapping, and you can create, update, and delete segment rules for a chart of accounts mapping. FBDI enables you to import chart of accounts mapping rules from a spreadsheet template into General Ledger. You can use FBDI to manage both account rules and segment rules for a chart of accounts mapping. Therefore, options C and D are correct. Option A is incorrect because you can download the template from other pages besides the Manage Chart of Accounts Mappings page. Option B is incorrect because FBDI does not support external integration using REST services.

NEW QUESTION # 64
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A. Transaction Objects
B. Mapping Sets
C. Accounting Attributes
D. Event Entities

Answer: A

NEW QUESTION # 65
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A. Share the same value set for the company and intercompany segments.
B. Create two different value sets for the company and intercompany segments.
C. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
D. Define the intercompany segment with a default value.

Answer: A

Explanation:
According to Oracle documentation3, Oracle's recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompanysegment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.

NEW QUESTION # 66
......

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