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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Configuration | - Roles and access
|
| Enterprise Structures and Setup | - Chart of Accounts
|
| Subledger Accounting | - Event processing
|
| Period Close Process | - Close activities
|
| Journal Processing | - Manual journals
|
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
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
Correct Answer: C,D 🗳️
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
Correct Answer: A 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
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
Correct Answer: B,C 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
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
Correct Answer: D 🗳️
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
Correct Answer: D 🗳️
Explanation: Only visible for VCE4Plus members. You can sign-up / login (it's free).
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