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The world of finance is an ever-evolving field that requires professionals to constantly stay up-to-date with industry trends and practices. Oracle has recognized this need and has introduced a certification program specifically designed for professionals in charge of implementing and managing Oracle Financials Cloud: General Ledger 2022. The Oracle 1z0-1054-22 exam is intended for individuals who want to demonstrate their comprehensive understanding of the suite.
Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q104-Q109):
NEW QUESTION # 104
After loading your budget data into General Ledger Cloud, you can view budget balances using these features. Which feature does not belong on the list?
- A. Smart View
- B. Account Inspector
- C. Account Monitor
- D. Application Development Framework Desktop Integration Budget Balances Report
Answer: D
NEW QUESTION # 105
Which tool can you use to create a Financial Income Statement?
- A. One View Reporting
- B. PS/nVision
- C. Rapid Implementation Enterprise Structures setup
- D. Account Inspector
Answer: D
NEW QUESTION # 106
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)
- A. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
- B. Journal entry spreadsheets are not impacted by this new function.
- C. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
- D. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
Answer: A,C
NEW QUESTION # 107
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?
- A. Application Developer Framework Desktop Integrator
- B. Enterprise Resource Budget Integrator
- C. The budget journal spreadsheet
- D. File Based Data Import
Answer: A
Explanation:
Reference:
According to Oracle documentation3, you should use Application Developer Framework Desktop Integrator (ADFdi) to load data from your budgeting application into a .csv file into General Ledger. ADFdi enables you to use Excel spreadsheets to load data into General Ledger using web services. You can use ADFdi to create budget journals or budget balances from your .csv file. Therefore, option D is correct. Option A is incorrect because the budget journal spreadsheet is not a tool to load data into General Ledger. Option B is incorrect because Enterprise Resource Budget Integrator is not a tool to load data into General Ledger. Option C is incorrect because File Based Data Import is not a tool to load data into General Ledger.
NEW QUESTION # 108
When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?
- A. Make sure the tree is active
- B. Make sure the tree version was published successfully
- C. Make sure to flatten the rows of the tree version
- D. Redeploy the chart of accounts
Answer: B
Explanation:
"When you publish a tree version, General Ledger creates a flattened version of the tree hierarchy and stores it in a table that Essbase can access. Essbase uses this flattened hierarchy to build dimensions in the balances cube." Therefore, if the tree version is not published successfully, Essbase cannot access the tree hierarchy.
NEW QUESTION # 109
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