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Oracle 1Z0-1054-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2021 Implementation Essentials |
| Exam Number: | 1Z0-1054-21 |
| Real Exam Qty: | 55 |
| Exam Format: | Multiple Choice |
| Exam Duration: | 90 minutes |
| Related Certifications: | Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist |
| Available Languages: | English |
| Exam Price: | USD $245 |
| Passing Score: | 60% |
| Sample Questions: | Oracle 1Z0-1054-21 Sample Questions |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam |
| Pre Condition: | No formal prerequisite exam required. Oracle recommends implementation experience and completion of Oracle Financials Cloud General Ledger training. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_ERPGL2021 |
Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Period Close | - Manage Accounting Periods - Perform Period Close Activities - Close Monitoring and Reporting |
| Topic 2: Budgetary Control and Encumbrance Accounting | - Configure Budgetary Control - Funds Check Processing - Control Budgets - Encumbrance Accounting |
| Topic 3: Configuring Enterprise and Financial Reporting Structures | - Manage Accounting Calendars - Manage Ledgers - Manage Account Hierarchies - Manage Chart of Accounts - Manage Legal Authorities and Legal Entities - Manage Geographies - Manage Legal Jurisdictions |
| Topic 4: Financial Reporting | - Smart View Reporting - Account Groups and Reports - Financial Statement Generation - Financial Reporting Studio |
| Topic 5: Intercompany Processing | - Configure Intercompany Balancing Rules - Intercompany Reconciliation - Process Intercompany Transactions |
| Topic 6: Journal Processing | - Configure Journal Approval - Allocation Rules - Journal Import and Posting - Create and Manage Journals - Recurring Journals |
| Topic 7: Configuring Ledgers | - Configure Reporting Currencies - Configure Secondary Ledgers - Define Ledger Options - Manage Ledger Sets |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Question 1
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. Drill Through in Grid Properties
B. Report Functions
C. Allow Expansion
D. Nothing. All report balances are drillable in all FR Studio reports
Question 2
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?
A. There is no unrealized exchange gain or loss calculated
B. The original Journal entry in Euros remains the same.
C. The original journal entry in Euros is Updated,
D. You have an unrealized exchange loss recorded.
E. You have an unrealized exchange gain recorded.
Question 3
Which two statements are true regarding the export/import of reports?
A. The export/import reports are available only for Fusion Customer Relationship Management.
B. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
C. A set of reports lists user names, suppliers, and customers that have been exported/imported.
D. Reports on setup data can be used to compare and analyze how the data might have changed over time.
E. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
Question 4
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
A. Users have very little control their Springboards and Work Areas; they can only resize columns
B. They can format each table by hiding and showing columns, moving columns, and resizing columns
C. They can have the System Administration customize pages for them using Page Composer
D. They can use Personalization to move and remove regions from those pages
Question 5
Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?
A. chart of accounts master data maintenance
B. integration with transactions from external feeder systems
C. data access and security
D. cross-validation rules
E. chart of accounts hierarchy maintenance
Solutions:
| Question 1 Answer: A | Question 2 Answer: B,D | Question 3 Answer: A,E | Question 4 Answer: B,D | Question 5 Answer: A,E |
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