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1Z0-1054-22 Exam Questions & Answers

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1Z0-1054-22 Exam Questions & Answers

Vendor: Oracle

Certifications: Oracle Financials Cloud

Exam Code: 1Z0-1054-22

Exam Name: Oracle Financials Cloud: General Ledger 2022 Implementation Professional

Updated: Nov 26, 2024

Q&As: 131

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1Z0-1054-22 Online Practice Questions and Answers

Questions 1

The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

A. Journal Source

B. Journal Category

C. Journal Batch

D. Journal Description

Show Answer
Questions 2

On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.

For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A. Receipt accounting

B. Receivables

C. Revenue Management

D. Assets

E. Order Management

Show Answer
Questions 3

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.

They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

A. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

B. Use Oracle Hyperion Financial Management for this type of complex consolidation

C. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

D. Define multiple ledgers for consolidation and report on ledger set

Show Answer More Questions

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