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Oracle 1z0-1054-24 Exam Syllabus Topics:

TopicDetails
Topic 1
  • 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.
Topic 2
  • 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 3
  • 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 4
  • 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 5
  • 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.

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q18-Q23):

NEW QUESTION # 18
Which two statements are true about infotiles and infolets?

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

Answer: B,D

Explanation:
Infotiles and infolets are graphical components that display key information and metrics on the General Accounting dashboard. They help users access many sources of information across the enterprise in an efficient, timely, and engaging manner. Infolets can be refreshed to see up-to-date data by clicking the Refresh icon on the infolet. Infotiles have three views: Front view, which shows a summary of the most important information; Back view, which shows additional details and actions; and Expanded view, which shows a full-screen view of the infotile content. References:
* Oracle Financials Cloud: Using General Ledger, Chapter 6: Financial Reporting and Analysis, Section:
General Accounting Infolets
* Oracle Financials Cloud: Implement General Ledger, Chapter 1: Overview of Oracle Financials Cloud, Section: Overview of Using Infolets to Identify Issues and Prioritize Tasks


NEW QUESTION # 19
You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?

  • A. Data Roles
  • B. Access Policy Manager's Role Generation
  • C. Oracle Identity Manager Roles Assignment
  • D. Role Mappings
  • E. You cannot reassign contingent workers

Answer: D


NEW QUESTION # 20
InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?

  • A. Financial Reporting Studio
  • B. Application Composer
  • C. Oracle Enterprise Repository
  • D. Oracle Transactions Business Intelligence
  • E. Smart View

Answer: A,D,E


NEW QUESTION # 21
What type ofusermust be defined before you can create anImplementation Project?

  • A. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
  • B. None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
  • C. A full-time employee that has the FSM Superuser role assigned
  • D. Implementation Users
  • E. All roles that will be used throughout the implementation

Answer: B


NEW QUESTION # 22
Which two statements are true if a journal description rule is defined with sources?

  • A. The description rule can only be assigned to the header or line level.
  • B. The description rule may be assigned to either the header or line level, or to both.
  • C. You cannot assign journal description rules to sources.
  • D. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
  • E. The description rule can only be assigned to the journal line level.

Answer: B,D


NEW QUESTION # 23
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