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Oracle 1Z0-1054-21 Exam Overview:
| Certification Vendor: | Oracle |
| Exam Name: | Oracle Financials Cloud: General Ledger 2021 Implementation Essentials |
| Exam Number: | 1Z0-1054-21 |
| Exam Duration: | 90 minutes |
| Passing Score: | 60% |
| Available Languages: | English |
| Exam Format: | Multiple Choice |
| Real Exam Qty: | 55 |
| Related Certifications: | Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist |
| Exam Price: | USD $245 |
| Sample Questions: | Oracle 1Z0-1054-21 Sample Questions |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam |
| Pre Condition: | No formal prerequisite exam required. Oracle recommends implementation experience and completion of Oracle Financials Cloud General Ledger training. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_ERPGL2021 |
Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configuring Ledgers | - Configure Secondary Ledgers - Manage Ledger Sets - Configure Reporting Currencies - Define Ledger Options |
| Intercompany Processing | - Configure Intercompany Balancing Rules - Process Intercompany Transactions - Intercompany Reconciliation |
| Journal Processing | - Recurring Journals - Journal Import and Posting - Allocation Rules - Create and Manage Journals - Configure Journal Approval |
| Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Encumbrance Accounting - Control Budgets - Configure Budgetary Control |
| Period Close | - Perform Period Close Activities - Manage Accounting Periods - Close Monitoring and Reporting |
| Configuring Enterprise and Financial Reporting Structures | - Manage Chart of Accounts - Manage Legal Jurisdictions - Manage Geographies - Manage Ledgers - Manage Account Hierarchies - Manage Legal Authorities and Legal Entities - Manage Accounting Calendars |
| Financial Reporting | - Smart View Reporting - Financial Statement Generation - Financial Reporting Studio - Account Groups and Reports |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
A) Freeze the Intercompany journal source in General Ledger
B) Close all subledger periods
C) Close the General Ledger period in the Manager Accounting Periods page
D) Close Intercompany periods in Fusion Intercompany
2. our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)
A) Account Inspector
B) Sunburst Report
C) OTBI
D) Smart View
E) Account Monitor
3. you need to define a chart of accounts includes a intercompany segment. Your customer plans to use segment value security rules for the company segment. What is Oracle's recommended method to define this chart of accounts?
A) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B) Define the company segment only and qualify it as both primary balancing segment and intercompany segment.
C) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
D) Define Two Different Chart of Accounts
4. You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. what would be your recommendation when defining ledgers?
A) Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
B) Define Balane-level Reporting currencies in the more stable currency and run Translation as often as you need.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) User Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
5. You want to enter budget date in General Ledger Cloud, which method is not supported?
A) Application Development framework Desktop Integration (ADFdi)
B) Direct budet balance updaes from a Financial Stement in smart view
C) Entering Budget Journal
D) File-based Data import
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A,D,E | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: C |
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