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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligences analysis? .

A) Universal Content Management Workspace
B) Business Process Management Workspace
C) Reports and Analytics
D) Scheduled Processes
E) Enterprise performance Management Workspace

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

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

3. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?

A) You have an unrealized exchange gain recorded.
B) There is no unrealized exchange gain or loss calculated
C) The original Journal entry in Euros remains the same.
D) The original journal entry in Euros is Updated,
E) You have an unrealized exchange loss recorded.

4. Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?

A) Cross-Validation Rules
B) Segment Value Security
C) Balancing Segment Value Assignment to Legal Entities
D) Data Access Sets using an Access Set Type of Primary Balancing Segment

5. Your customer wants to have balance sheets and income statements for its 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) Additional intercompany rules will need to be defined for the two additional balancing segments
B) Define Ledger balancing options to balance by second and third balancing segments
C) When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
D) Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

Solutions: