Vendor: Oracle
Exam Code: 1Z0-1054-22
Exam Name: Oracle Financials Cloud: General Ledger 2022 Implementation Professional
Certification: Oracle Certifications
Total Questions: 131 Q&A
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Updated on: Jun 13, 2026
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Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)
A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
B. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
D. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
E. Define budgetary control at ledger level and only encumbrance control at the business units
F. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.
What should you configure?
A. a Provider and Receiver distribution set
B. Intercompany transaction type default accounts
C. the AutoAccounting Definition
D. the Transaction Account Definition
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
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