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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Period Close and Financial Reporting | 15% | - Perform revaluation, translation, and consolidation - Manage accounting periods - Generate financial statements and reports - Use Financial Reporting Studio and Smart View |
| Intercompany and Intracompany Balancing | 10% | - Set up intracompany balancing rules - Configure intercompany transactions - Process and reconcile intercompany entries |
| Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Monitor budget balances and control - Set up encumbrance accounting |
| Ledgers and Accounting Setup | 25% | - Define data access sets - Set up subledger accounting - Define ledgers and ledger sets - Configure currencies, calendars, and accounting conventions |
| Journal Processing | 20% | - Perform journal adjustments and reversals - Import and post journals - Create and approve journal entries - Manage allocations and recurring journals |
| Enterprise and Financial Reporting Structures | 20% | - Define financial reporting structures - Configure chart of accounts - Manage segment value security - Define enterprise structures |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)
A) Export the table to Excel
B) Detach the table to resize it to the maximum size of the monitor.
C) Use the Freeze on the tables to scroll through large amounts of data
D) Run a Business Intelligence Publisher report with Excel as the output format
2. You want to process multiple allocations at the same time. What feature do you use?
A) General Ledger Entries
B) Point of View(POV)
C) Rulesets
D) Formulas
3. You need to build a complex account rule. Which four value types can you use in your definition?
A) Constant
B) Mapping Set
C) Account Combination
D) Existing Account Rule
E) Value Set
F) Source
4. Your Customer requires physical invoice to be generated in payables Cloud and Receivable Cloud for the intercompany payables and receivable transactions. Which two statements are correct with regards to selling this up?
A) you can only associate one Intercompany Organization per legal Entity.
B) You must have implemented Payables Cloud and Receivables Cloud.
C) You must assign the corresponding Receivables and Payables Business Units.
D) you only need to assign the legal entity and organization chart
5. When creating financial Reports which two tools use data from the General Ledger Balances Cube?
A) Financial Reporting Studio
B) Financial Reporting Center
C) Oracle Financial Statement Generator
D) Smart view
Solutions:
| Question # 1 Answer: A,B | Question # 2 Answer: C | Question # 3 Answer: C,D,E | Question # 4 Answer: B,C | Question # 5 Answer: A,D |
