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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Objectives
Topic 1: Security and Data Access	- Access Management 1. Implement security controls 2. Configure data access sets 3. Manage user roles and privileges
Topic 2: Enterprise Structure and General Ledger Setup	- Enterprise Configuration 1. Configure business units and legal entities 2. Configure accounting calendars 3. Define chart of accounts structures
Topic 3: Period Close and Financial Reporting	- Close and Reporting Activities 1. Manage accounting periods 2. Perform period close processes 3. Generate financial statements and reports
Topic 4: Journal Processing	- Journal Management 1. Configure journal approval workflows 2. Manage recurring and automated journals 3. Create and manage journal entries
Topic 5: Intercompany Accounting	- Intercompany Processing 1. Configure intercompany balancing rules 2. Perform reconciliation activities 3. Manage intercompany transactions
Topic 6: Budgeting and Allocations	- Financial Planning 1. Monitor budgetary control 2. Manage allocations 3. Configure budgets
Topic 7: Ledger Configuration	- Ledger Management 1. Configure primary and secondary ledgers 2. Manage ledger options and balancing segments 3. Set up reporting currencies

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

Question #1

You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

A. Primary balancing segment rule
B. Legal entity-level rule
C. Ledger-level rule
D. Chart of accounts rule

Reveal Solution Discussion 0

Correct Answer: D 🗳️