1054-23 Chart Practice Questions
The free 1z0-1054-23: Oracle Financials Cloud: General Ledger 2023 Implementation Professional questions that deal with chart, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #5
In Oracle Financials Cloud, which feature allows users to segment their chart of accounts for better reporting?
Correct answer: D
Explanation
Flexfields allow organizations to create additional segments for their chart of accounts tailored to their reporting needs.
Question #8
After implementing a new chart of accounts in Oracle, which action should be taken next to enable accurate reporting?
Correct answer: A
Explanation
Validating budget structures after implementing a new chart of accounts ensures proper alignment of financial dimensions.
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