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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction source
B) the transaction category
C) the transaction type
D) the transaction batch

2. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, the customer wants to have three balancing segments. Which two recommendations would you give your customer? (Choose Two)

A) Define Leger balancing options to balance by second and third balancing segments.
B) When entering Journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance is journal.
C) Every Journal where debits do not equal across the three balancing segments will result in the system generating extra journal lines to balance the entry.
D) Additional intercompany rules will need to be defined for the two additional balancing segments.

3. How can your Accounting Manager expedite journal processing during the time-critical month-end close?

A) by using the Close Status monitor to drill down on the close status across ledgers
B) by running the Journals report using Business Intelligence Publisher
C) by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
D) by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other

4. What type of user must be defined before you can create an Implementation Project?

A) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
B) All roles that will be used throughout the implementationImplementation Users
C) A full-time employee that has the FSM Superuser role assigned
D) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject

5. You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

A) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
B) It is fine to have the same child value roll up to two or more different parent values
C) You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
D) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
E) The tree should have at least two tree versions to reduce report and allocation maintenance

Solutions: