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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Manual journals
|
| Topic 2: Subledger Accounting | - Event processing
|
| Topic 3: Enterprise Structures and Setup | - Ledger configuration
|
| Topic 4: Security and Configuration | - Roles and access
|
| Topic 5: Period Close Process | - Financial reporting
|
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the default accounting attribute assignment?
A) Event Type
B) Journal Entry Rule Set
C) Event Class
D) Journal line Rule
E) Journal Entry
2. What type of user must be defined before you can create an Implementation Project?
A) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
B) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject
C) A full-time employee that has the FSM Superuser role assigned
D) All roles that will be used throughout the implementationImplementation Users
3. You need to setup a calendar for fiscal year Apr-XX to Mar-YY where YY is the following year and you would like the periods to be named accounting to the year they fall in What Calendar format should you choose?
A) Period
B) Calendar
C) Year
D) Fiscal
4. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
A) ACCESS POLICY MANAGER'S ROLE GENERATION
B) ROLE MAPPINGS
C) ORACLE IDENTITY MANAGER ROLES ASSIGNMENT
D) DATA ROLES
E) YOU CANNOT REASSIGN CONTINGENT WORKERS
5. Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses is Australia, New Zealand, and Singapore with a ledger in each country with a Corporate Chart of Account instance that has four segments. Which three statements are true regarding the creation of a control budget?
A) A Control Budget Can be associated with a different calendar than accounting calendar.
B) The control Budget structure has all the chart of accounts segments as budget segments.
C) A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand and Singapore.
D) A Control Budget can allow override rules only if the control level is absolute.
E) Control Budget are always absolute to generate encumbrance accounting.
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: A,D,E |







