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Oracle 1z0-1054-23 Exam Syllabus Topics:

Section	Objectives
Topic 1: General Ledger Setup	- Accounting Configuration 1. Accounting calendars and periods 2. Ledger options configuration - Enterprise Structure Configuration 1. Chart of Accounts structure design 2. Legal entities and ledgers setup
Topic 2: Reporting and Analysis	- Financial Reporting 1. Smart View reporting 2. Financial statements generation
Topic 3: Journal Processing	- Journal Import and Integration 1. Spreadsheet upload and external sources - Journal Creation and Posting 1. Manual and recurring journals 2. Journal approval workflow
Topic 4: Subledger Accounting	- Subledger to GL Integration 1. Transfer to General Ledger - Accounting Rules 1. Journal line rules and account derivation
Topic 5: Period Close Process	- Close Activities 1. Close monitoring and reporting 2. Reconciliation and adjustments

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

Question #1

Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear 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.

Reveal Solution Discussion 0

Correct Answer:

See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases

Question #2

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?