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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Configuring Ledgers | - Define Ledger Options - Configure Reporting Currencies - Manage Ledger Sets - Configure Secondary Ledgers |
| Topic 2: Financial Reporting | - Financial Statement Generation - Financial Reporting Studio - Smart View Reporting - Account Groups and Reports |
| Topic 3: Journal Processing | - Journal Import and Posting - Recurring Journals - Create and Manage Journals - Allocation Rules - Configure Journal Approval |
| Topic 4: Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Encumbrance Accounting - Control Budgets - Configure Budgetary Control |
| Topic 5: Period Close | - Perform Period Close Activities - Manage Accounting Periods - Close Monitoring and Reporting |
| Topic 6: Configuring Enterprise and Financial Reporting Structures | - Manage Ledgers - Manage Legal Jurisdictions - Manage Accounting Calendars - Manage Chart of Accounts - Manage Account Hierarchies - Manage Geographies - Manage Legal Authorities and Legal Entities |
| Topic 7: Intercompany Processing | - Configure Intercompany Balancing Rules - Intercompany Reconciliation - Process Intercompany Transactions |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?
- A. Oracle Data Visualization Cloud Service
- B. Smart View
- C. Business Intelligence Publisher (BI Publisher)
- D. Financial Reporting Center
Correct Answer: C π³οΈ
Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
- B. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
- C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
- D. Each product has its own Intercompany Accounting feature that needs to be set up separately
Correct Answer: A,C π³οΈ
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform to prevent duplicate accounting entries?
- A. Define Journal Conversion Rules that include subledgers to transfer subledger transaction
- B. Define Supporting References with balances.
- C. Define Journal Conversion Rules that exclude subledgers.
- D. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger.
- E. Go to Manage Subledger Accounting Options, locate your created Secondary ledger and disable the Subledger accounting enabled for each component.
Correct Answer: C,E π³οΈ
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 must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
- 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. The tree should have at least two tree versions to reduce report and allocation maintenance
- E. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
Correct Answer: A,B,D π³οΈ
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What Is Oracle Essbase?
- A. A relational database
- B. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
- C. A robust reporting and analysis tool
- D. A data ware house
Correct Answer: C π³οΈ
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