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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

A) You must re-deploy the chart of accounts
B) A Data Access Set with full read/write access to the ledger is automatically created
C) You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
D) You must assign the job role and data security context to each user

2. Which Subject area has been enhanced to allow you to drill down from OTBI General Report to a General Journal?

A) General Ledger - Journal Real Time
B) General Ledger - Journal Balances Real Time
C) General Ledger - Summary Balances Real Time
D) General Ledger - Journal Transaction Balances Real Time

3. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Output type
B) The Style Template
C) The Data Model
D) The Data Source
E) The layout Template

4. Which feature outside of reporting and analysis leverages the Essbase cube?

A) Calculation manager to perform allocations based on multidimensional balances and budgets
B) period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
C) Journal entries and journal approval to create journals that update balances to the cube directly.
D) Revaluations and translation of revalue and translate currencies stored in the Essbase cube

5. 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) Event Class
C) Journal Entry
D) Journal line Rule
E) Journal Entry Rule Set

Solutions: