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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Enterprise Structures and Setup | - Chart of Accounts
|
| Topic 2: Journal Processing | - Journal imports
|
| Topic 3: Subledger Accounting | - Accounting rules
|
| Topic 4: Period Close Process | - Financial reporting
|
| Topic 5: Security and Configuration | - Roles and access
|
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Question 1
Which two types of journals can be automatically routed through the journal approval process
A. Journals imported from third-party systems
B. Manual journals
C. Revaluation journals
D. Allocation journals
E. Sub ledger journals
Question 2
Your company has a legal entity in the UK, US, and Canada. They can all share the chart of Accounts but are required to transact and report In their local currency. :
What Is the minimum number of ledgers you need and why?
A. One, because they can all share the same chart of accounts.
B. Three, because each requires a different currency.
C. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
D. Two, because the US and Canada can share the same ledger because they are in north America
Question 3
On which three occasions are Essbase balances updated? (Choose three.)
A. every time you run the batch program called "Update Essbase Balances"
B. every time the tree version is published
C. every time you open a new period
D. every time journals are posted to the general ledger
Question 4
The Delete Translated Balances Process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletion process completes, what additional process must you run?
A. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations
B. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations
C. Submit the updated General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
D. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
Question 5
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
A. They can format each table by hiding and showing columns, moving columns, and resizing columns
B. They can have the System Administration customize pages for them using Page Composer
C. They can use Personalization to move and remove regions from those pages
D. Users have very little control their Springboards and Work Areas; they can only resize columns
Solutions:
| Question 1 Answer: A,B | Question 2 Answer: B | Question 3 Answer: B,C,D | Question 4 Answer: D | Question 5 Answer: A,C |

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