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Sharpen Your Knowledge with Oracle (1Z0-1054-23) Certification Sample Questions
CertsTime has provided you with a sample question set to elevate your knowledge about the Oracle Financials Cloud: General Ledger 2023 Implementation Professional exam. With these updated sample questions, you can become quite familiar with the difficulty level and format of the real 1Z0-1054-23 certification test. Try our sample Oracle Financials Cloud: General Ledger 2023 Implementation Professional certification practice exam to get a feel for the real exam environment. Our sample practice exam gives you a sense of reality and an idea of the questions on the actual Oracle Cloud certification exam.
Our sample questions are similar to the Real Oracle 1Z0-1054-23 exam questions. The premium Oracle Financials Cloud: General Ledger 2023 Implementation Professional certification practice exam gives you a golden opportunity to evaluate and strengthen your preparation with real-time scenario-based questions. Plus, by practicing real-time scenario-based questions, you will run into a variety of challenges that will push you to enhance your knowledge and skills.
Oracle 1Z0-1054-23 Sample Questions:
Task 3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts
has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
* Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
* Ensure all maps are numeric only.
* When creating your mapping rules for each segment
please allow for existing and future segment values
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Alias feature and would like to see how the aliases will appear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.
Note:
. Prefix your alias name with 07, where 07 is
your exam ID.
. There is no Product or Intercompany
impact.
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in
the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:
Note:
* Prefix all your setups with 07, where 07 is your candidate ID
* There is one balancing segment.
* Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
* Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.
Which two are valid Data Access Set types? (Choose two.)
What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
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