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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Weight	Objectives
Topic 1: Enterprise and Financial Reporting Structures	20%	- Configure Enterprise Structures 1. Define legal entities and business units 2. Set up chart of accounts structure and instances 3. Configure segment labels and value sets - Configure Financial Reporting Structures 1. Create accounting hierarchies 2. Define reporting views and dimensions
Topic 2: Journal Processing and Approval	20%	- Manage Journals 1. Define allocation and recurring journals 2. Configure journal approval rules 3. Create, import, and post journals
Topic 3: Period Close and Financial Reporting	20%	- Financial Reporting 1. Analyze budgets versus actuals 2. Create and run financial reports 3. Use Smart View for analysis - Perform Period Close 1. Execute period close processes 2. Reconcile balances 3. Manage accounting periods
Topic 4: Ledgers and Accounting Setup	25%	- Configure Ledgers 1. Define primary and secondary ledgers 2. Configure ledger options and subledger accounting rules 3. Set up calendars, currencies, and accounting conventions - Budgetary Control and Encumbrance 1. Define encumbrance accounting rules 2. Enable budgetary control
Topic 5: Intercompany Accounting	15%	- Configure Intercompany 1. Enable intercompany invoicing 2. Process intercompany transactions and reconciliation 3. Set up intercompany balancing rules

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

Question #1

You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A. Set the relevant option on the Specify Ledger Options page.
B. Opt in to the Prevent Period Close option for the offering.
C. You don't have to do anything; this option is enabled automatically.
D. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.

Answer: A