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Oracle 1z0-1054-23 Dumps

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1z0-1054-23
Exam Name:
Oracle Financials Cloud: General Ledger 2023 Implementation Professional
Last Update: Jul 14, 2024
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The Oracle Financials Cloud 1z0-1054-23 exam assesses expertise in Oracle's cloud-based financial management solutions. It covers implementation skills, financial reporting, and system configuration, catering to professionals seeking to validate their proficiency in Oracle Financials Cloud services.

The Oracle 1z0-1054-23 exam covers key areas including general ledger, payables, receivables, assets, and expenses within Oracle Financials Cloud. It also emphasizes implementation strategies, financial reporting, system configuration, and security, crucial for proficient financial management in Oracle environments.

The Oracle Financials Cloud 1z0-1054-23 focuses on Oracle's cloud-based financial solutions, emphasizing system implementation and management. In contrast, SAP Financial Accounting certification delves into SAP's financial accounting functionalities, including ledger operations, reporting, and financial processes, catering to the SAP ecosystem.

Passing the Oracle Financials Cloud 1z0-1054-23 exam opens doors to roles like Oracle Financials Consultant, Cloud Financial Analyst, ERP Specialist, and Financial Systems Manager. These positions involve managing Oracle Financial Cloud systems in diverse industries, enhancing organizational financial processes.

With the 1Z0-1054-23 certification, you can pursue roles such as Oracle Financials Cloud Consultant, General Ledger Implementation Specialist, and Financial Systems Analyst. These roles involve implementing and managing Oracle Financials Cloud solutions, particularly in general ledger and financial reporting.

The salary for professionals with Oracle Financials Cloud certification varies based on experience and location. On average, certified professionals can expect to earn between $80,000 and $120,000 annually. Senior roles or those with extensive experience can command higher salaries?.

Key benefits include:
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Enhanced job prospects and career advancement opportunities
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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Questions and Answers

Questions 1

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.

Given that:

The subsidiary is in another country from the parent.

There is no requirement to have daily balances.

The objective is to minimize the data stored in the reporting currency.

Which data conversion level should you recommend?

Options:

A.

Subledger level

B.

Journal Level

C.

Adjustment only level

D.

Balances Level

E.

Spreadsheet level

Questions 2

You have a requirement to have invoices generated for certain Intercompany transactions.

Where do you enable invoicing?

Options:

A.

the transaction batch

B.

the transaction category

C.

the transaction source

D.

the transaction type

Questions 3

Which two statements are true about the Intercompany Reconciliation report?

Options:

A.

It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

B.

It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C.

It displays the intercompany receivables and intercompany payables balances in summary for a period.

D.

You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

E.

It displays all clearing company balancing lines for a period.