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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 for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A) Intercompany transaction type default accounts
B) Provider and Receiver distribution set -
C) the AutoAccounting Definition
D) the Transaction Account Definition g

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

A) Journals imported from third-party systems
B) Allocation journals
C) Revaluation journals
D) Manual journals
E) Sub ledger journals

3. You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

A) Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
B) Use OTBI to create multiple reports that you save to a folder that only the users can access
C) Create a Smart view report, where the various sheets represent the different Financial Statements and send them the spreadsheet
D) Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
E) Use a report batch to run reports at a specific time to create a set of snapshot reports

4. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.

A) Secondary Balancing
B) Intercompany Segment -
C) Natural Account _
D) Cost center
E) Primary Balancing

5. you need to define a chart of accounts includes a intercompany segment. Your customer plans to use segment value security rules for the company segment. What is Oracle's recommended method to define this chart of accounts?

A) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
B) Define the company segment only and qualify it as both primary balancing segment and intercompany segment.
C) Define Two Different Chart of Accounts
D) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

Solutions: