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Oracle 1z0-1054-22 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2022 Implementation Professional |
| Exam Number: | 1Z0-1054-22 |
| Certificate Validity Period: | Version-specific / No expiration |
| Real Exam Qty: | 55 |
| Exam Price: | USD 245 |
| Related Certifications: | Oracle Fusion Cloud Financials Implementation Professional |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Passing Score: | 60% |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud: General Ledger 2022 Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Exam Page |
| Sample Questions: |  |
| Exam Way: | Online proctored or onsite testing at Pearson VUE centers |
| Pre Condition: | No mandatory prerequisites; hands-on implementation experience recommended |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2022-implementation-professional/pexam_1Z0-1054-22 |
Oracle 1z0-1054-22 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Financial Reporting and Analysis | 15% | - Analyze Data with OTBI and Smart View - Build Reports with Financial Reporting Web Studio - Use Financial Reporting Center |
| Topic 2: Ledgers and Accounting Configuration | 20% | - Configure Primary and Secondary Ledgers - Set Up Accounting Calendars and Currencies - Manage Budgetary Control and Encumbrance |
| Topic 3: Period Close and Security | 15% | - Manage General Ledger Security and Access - Explain GL Balances Cube - Configure Period Close Components |
| Topic 4: Intercompany Functionality | 15% | - Set Up Intercompany Balancing Rules - Perform Intercompany Reconciliations - Process Intercompany Transactions |
| Topic 5: Journals and Allocations | 15% | - Define Allocations and Periodic Entries - Configure Journal Approval Rules - Create and Process Journal Entries |
| Topic 6: Enterprise and Financial Reporting Structures | 20% | - Define Account Hierarchies and Trees - Configure Chart of Accounts and Segments - Manage Legal Entities and Jurisdictions |
1z0-1054-22 Exam Facts and Modern Study Formats
- Financial Reporting and Analysis (15%)
- Intercompany Functionality (15%)
- Enterprise and Financial Reporting Structures (20%)
Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions:
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis? (Choose two.)
- A. Enterprise Performance Management Workspace
- B. Business Process Management Workspace
- C. Scheduled Processes
- D. Reports and Analytics
- E. Universal Content Management Workspace
Correct Answer: A,D 🗳️
Explanation: Only visible for TestsDumps members. You can sign-up / login (it's free).
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Primary Balancing
- B. Natural Account
- C. Cost center
- D. Secondary Balancing
- E. Intercompany Segment
Correct Answer: A,B,C 🗳️
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Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)
- A. You must have implemented Payables Cloud and Receivables Cloud
- B. You must assign the corresponding Receivables and Payables Business Units
- C. You only need to assign the Legal Entity and Organization Contact
- D. You can only associate one Intercompany Organization per Legal Entity
Correct Answer: A,B 🗳️
Explanation: Only visible for TestsDumps members. You can sign-up / login (it's free).
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of 100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
- A. There is no unrealized exchange gain or loss calculated.
- B. You have an unrealized exchange loss recorded.
- C. The original journal entry in Euros is updated.
- D. The original journal entry in Euros remains the same.
- E. You have an unrealized exchange gain recorded.
Correct Answer: B,E 🗳️
Explanation: Only visible for TestsDumps members. You can sign-up / login (it's free).
You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?
- A. Allow Expansion in Report Functions
- B. Nothing. All report are drillable
- C. Drill Through in Grid Properties
- D. Drill Down in Report Functions
Correct Answer: C 🗳️
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