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Oracle 1z0-1054-23 Exam Dumps - Actual Questions Answers

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  • Last Update: Jul 7, 2024
  • Questions: 51 questions with Expert Explanation
  • Single Choice: 23 Q&A's
  • Multiple Choice: 25 Q&A's
  • Simulation: 3 Q&A's
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1z0-1054-23 Questions and Answers

Question # 1

Which two statements are true about balances cubes in General Ledger?

A.

They are updated automatically when the Translation process is run.

B.

They are updated automatically when the General Ledger period is opened.

C.

A new balances cube is created for a unique combination of ledger and currency.

D.

New dimensions can be added to a General Ledger balances cube.

E.

They are updated automatically when the Revaluation process is run.

Question # 2

Your customer uses Financials Cloud, Projects, Inventory, and SCM.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A.

Each product has its own Intercompany Accounting feature that needs to be configured separately.

B.

In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

C.

Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.

D.

Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

Question # 3

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.

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Oracle 1z0-1054-23 Exam Dumps FAQs

1. What is the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 Exam, also known as the Oracle Financials Cloud: General Ledger 2023 Implementation Professional Exam, assesses your knowledge and skills related to implementing Oracle Cloud Financials.

2. Who should consider taking the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 exam is ideal for finance professionals, accountants, and IT specialists who work with Oracle Financials Cloud, particularly those involved in General Ledger implementation, configuration, and maintenance.

3. What topics are covered in the Oracle 1z0-1054-23 Exam?

The Oracle 1z0-1054-23 exam covers various areas, including configuring ledgers, journal approval setups, intercompany processing, period close components, and analyzing budgets versus actuals.

4. What is the duration of the Oracle 1z0-1054-23 Exam?

The duration of the Oracle 1z0-1054-23 exam is 90 minutes.

5. What is the passing score for the Oracle 1z0-1054-23 Exam?

The passing score for the Oracle 1z0-1054-23 exam is 75%.

6. What is the difference between the Oracle 1z0-1054-23 and Oracle 1z0-1055-23 Exams?

While both exams are part of Oracle's Financials Cloud certification program, they focus on distinct functionalities:

  • 1z0-1054-23: The Oracle 1z0-1054-23 Exam assesses your knowledge and skills related to implementing Oracle Cloud Financials, specifically focusing on the General Ledger module.
  • 1z0-1055-23: The Oracle 1z0-1055-23 Exam focuses on Oracle Financials Cloud Payables, covering topics related to payables invoices, expenses, configuring payables and payments, reporting, and period close.

7. How can DumpsMate's 1z0-1054-23 practice questions help me prepare for the Oracle Financials Cloud certification exam?

DumpsMate's 1z0-1054-23 practice questions cover a wide range of topics tested in the exam. By working through these questions and reviewing the explanations, you'll solidify your understanding of key concepts and identify areas needing improvement.

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