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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Subledger Accounting | - Accounting rules
|
| Topic 2: Period Close Process | - Financial reporting
|
| Topic 3: Enterprise Structures and Setup | - Chart of Accounts
|
| Topic 4: Security and Configuration | - Roles and access
|
| Topic 5: Journal Processing | - Manual journals
|
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Never use the Outer Point of View (POV)
- B. Always use the Outer Point of View (POV)
- C. Only specify segment values in formulas
- D. Specify Run Time Prompts (RTP)
Correct Answer: B 🗳️
You are setting up Close Monitor, which comprise a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share.(Choose Two)
- A. Chart of Accounts. Currency, Accounting Calendar, an subledger Accounting Method.
- B. Legal Entities, Business Units and Chart of Accounts.
- C. Chart of Accounts and Business Units.
- D. Accounting Calendar
Correct Answer: A,D 🗳️
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason
- A. Accounting Configuration was not submitted
- B. An Audit process needs to be successfully performed before a tree version can be set to Active
- C. Chart of accounts was not deployed
- D. Two tree versions were not defined
Correct Answer: B 🗳️
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.
- A. Primary Balancing
- B. Natural Account _
- C. Secondary Balancing
- D. Intercompany Segment -
- E. Cost center
Correct Answer: A,B,E 🗳️
When creating financial Reports which two tools use data from the General Ledger Balances Cube?
- A. Financial Reporting Studio
- B. Financial Reporting Center
- C. Smart view
- D. Oracle Financial Statement Generator
Correct Answer: A,C 🗳️
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Kirk -
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