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Oracle 1Z0-1054-21 valid - in .pdf

1Z0-1054-21 pdf
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Q & A: 136 Questions and Answers
  • PDF Price: $59.99
  • Free Demo

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  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Q & A: 136 Questions and Answers
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1Z0-1054-21 Testing Engine
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Q & A: 136 Questions and Answers
  • Software Price: $59.99
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Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Financial Reporting- Account Groups and Reports
- Financial Statement Generation
- Financial Reporting Studio
- Smart View Reporting
Topic 2: Period Close- Perform Period Close Activities
- Manage Accounting Periods
- Close Monitoring and Reporting
Topic 3: Configuring Enterprise and Financial Reporting Structures- Manage Chart of Accounts
- Manage Legal Jurisdictions
- Manage Accounting Calendars
- Manage Geographies
- Manage Account Hierarchies
- Manage Legal Authorities and Legal Entities
- Manage Ledgers
Topic 4: Journal Processing- Allocation Rules
- Recurring Journals
- Journal Import and Posting
- Create and Manage Journals
- Configure Journal Approval
Topic 5: Budgetary Control and Encumbrance Accounting- Control Budgets
- Configure Budgetary Control
- Funds Check Processing
- Encumbrance Accounting
Topic 6: Configuring Ledgers- Manage Ledger Sets
- Configure Reporting Currencies
- Define Ledger Options
- Configure Secondary Ledgers
Topic 7: Intercompany Processing- Configure Intercompany Balancing Rules
- Intercompany Reconciliation
- Process Intercompany Transactions

Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

Question #1

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

  • A. You must re-deploy the chart of accounts
  • B. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
  • C. You must assign the job role and data security context to each user
  • D. A Data Access Set with full read/write access to the ledger is automatically created
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

Question #2

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
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #3

Your Company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers, You can typically map segments between your general Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

  • A. Errors occur for unmapped segments, you must map multiple segments from source general ledgers to the target segments in Hyperion Financial Management
  • B. Data is summarized across segments that are not mapped to Hyperion Financials Management.
  • C. The unmapped segments default to future use segments in Hyperion Financial Management.
  • D. No Data is Transferred.
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)

  • A. You must map legal entities to balancing segment values in order to use a clearing company
  • B. Clearing companies are not supported
  • C. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
  • D. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
  • E. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
Reveal Solution  Discussion  0

Correct Answer: C,D,E  🗳️

Question #5

Which two types of journals can be automatically routed through the journal approval process

  • A. Sub ledger journals
  • B. Manual journals
  • C. Journals imported from third-party systems
  • D. Revaluation journals
  • E. Allocation journals
Reveal Solution  Discussion  0

Correct Answer: B,C  🗳️

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