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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise and Financial Reporting Structures | 20% | - Manage segment value security - Configure chart of accounts - Define financial reporting structures - Define enterprise structures |
| Topic 2: Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Set up intracompany balancing rules - Configure intercompany transactions |
| Topic 3: Period Close and Financial Reporting | 15% | - Perform revaluation, translation, and consolidation - Use Financial Reporting Studio and Smart View - Manage accounting periods - Generate financial statements and reports |
| Topic 4: Budgetary Control and Encumbrance Accounting | 10% | - Monitor budget balances and control - Set up encumbrance accounting - Configure budgetary control |
| Topic 5: Ledgers and Accounting Setup | 25% | - Configure currencies, calendars, and accounting conventions - Define ledgers and ledger sets - Define data access sets - Set up subledger accounting |
| Topic 6: Journal Processing | 20% | - Manage allocations and recurring journals - Create and approve journal entries - Perform journal adjustments and reversals - Import and post journals |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- B. Calculation manager to perform allocations based on multidimensional balances and budgets
- 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 🗳️
Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?
- A. Data Access Sets
- B. Role-Based Access
- C. Segment Value Security
- D. Cross-Validation Rules
Correct Answer: C 🗳️
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Supervisory level approval
- B. Dynamic Approval Groups
- C. Cost center based approval
- D. Management Chain approval
Correct Answer: A 🗳️
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?
- A. Report Functions
- B. Nothing. All report balances are drillable in all FR Studio reports
- C. Drill Through in Grid Properties
- D. Allow Expansion
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. Create your AutoPost criteria using minimal sources and categories
- 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. Schedule your AutoPost Criteria set to run during off-peak hours only
- 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 🗳️
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