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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Enterprise and Financial Reporting Structures | 20% | - Manage segment value security - Define enterprise structures - Configure chart of accounts - Define financial reporting structures |
| Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Configure intercompany transactions - Set up intracompany balancing rules |
| Period Close and Financial Reporting | 15% | - Perform revaluation, translation, and consolidation - Use Financial Reporting Studio and Smart View - Generate financial statements and reports - Manage accounting periods |
| Budgetary Control and Encumbrance Accounting | 10% | - Monitor budget balances and control - Set up encumbrance accounting - Configure budgetary control |
| Journal Processing | 20% | - Manage allocations and recurring journals - Import and post journals - Perform journal adjustments and reversals - Create and approve journal entries |
| Ledgers and Accounting Setup | 25% | - Set up subledger accounting - Define ledgers and ledger sets - Configure currencies, calendars, and accounting conventions - Define data access sets |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administration customize pages for them using Page Composer
- B. They can use Personalization to move and remove regions from those pages
- C. Users have very little control their Springboards and Work Areas; they can only resize columns
- D. They can format each table by hiding and showing columns, moving columns, and resizing columns
Correct Answer: B,D 🗳️
How do you hide accounts with no balances showing #Missing in Smart view?
- A. Select the Data/Missing check box in the Data Options tab.
- B. Use Excel functions to hide rows with #Missing assigned
- C. This indicates a database connection issue. Try to reconnect to Fusion Applications.
- D. Choose the Suppress Zeros option under Data options.
Correct Answer: A 🗳️
Your customer is reconciling their Intercompany Receivables accounts. Which two reports should they use in addition to using the intercompany Reconciliation report?
- A. General Ledger Trial Balance report
- B. Receivables Aging by General Ledger Account report
- C. Receivables to General Ledger Reconciliation report
- D. AR Aging report
Correct Answer: C 🗳️
You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)
- A. Schedule your AutoPost Criteria set to run during off-peak hours only
- B. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
- C. Create your AutoPost criteria using minimal sources and categories
- D. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
Correct Answer: B,D 🗳️
Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)
- A. Detach the table to resize it to the maximum size of the monitor.
- B. Use the Freeze on the tables to scroll through large amounts of data
- C. Run a Business Intelligence Publisher report with Excel as the output format
- D. Export the table to Excel
Correct Answer: A,D 🗳️
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