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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Period Close | - Manage Accounting Periods - Perform Period Close Activities - Close Monitoring and Reporting |
| Journal Processing | - Create and Manage Journals - Recurring Journals - Journal Import and Posting - Configure Journal Approval - Allocation Rules |
| Financial Reporting | - Smart View Reporting - Financial Reporting Studio - Account Groups and Reports - Financial Statement Generation |
| Configuring Enterprise and Financial Reporting Structures | - Manage Legal Authorities and Legal Entities - Manage Geographies - Manage Legal Jurisdictions - Manage Accounting Calendars - Manage Chart of Accounts - Manage Ledgers - Manage Account Hierarchies |
| Configuring Ledgers | - Manage Ledger Sets - Configure Reporting Currencies - Define Ledger Options - Configure Secondary Ledgers |
| Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Configure Budgetary Control - Control Budgets - Encumbrance Accounting |
| Intercompany Processing | - Intercompany Reconciliation - Process Intercompany Transactions - Configure Intercompany Balancing Rules |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Question #1
You need to define multiple allocation rules as efficiently as possible, Which three components can be reused across allocation rules?
A. Run Time Protocols (RTP)
B. RuleSets
C. Formulas
D. Point of View (POV)
Question #2
After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?
A. Smart View
B. Account Inspector
C. Account Monitor
D. ADFDI Budget Balance Report
Question #3
Your customer is reconciling their Intercompany Receivables accounts. Which two reports should they use in addition to using the intercompany Reconciliation report?
A. Receivables to General Ledger Reconciliation report
B. General Ledger Trial Balance report
C. Receivables Aging by General Ledger Account report
D. AR Aging report
Question #4
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
A. Enter another adjusting journal entry in the target currency to true up the balances
B. Rerun Translation and then reconsolidate your results
C. Translate only the adjusting journal entry
D. Rerun Revaluation and then rerun Translation
Question #5
How do you hide accounts with no balances showing #Missing in Smart view?
A. Use Excel functions to hide rows with #Missing assigned
B. This indicates a database connection issue
C. Choose the Suppress Zeros option under Data options
D. Select the Data/Missing check box in the Data Options tab
Solutions:
| Question #1 Correct Answer: B,C,D | Question #2 Correct Answer: D | Question #3 Correct Answer: A | Question #4 Correct Answer: B | Question #5 Correct Answer: D |


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