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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Perform journal adjustments and reversals - Create and approve journal entries - Import and post journals - Manage allocations and recurring journals |
| Enterprise and Financial Reporting Structures | 20% | - Manage segment value security - Define financial reporting structures - Configure chart of accounts - Define enterprise structures |
| Period Close and Financial Reporting | 15% | - Use Financial Reporting Studio and Smart View - Perform revaluation, translation, and consolidation - Generate financial statements and reports - Manage accounting periods |
| Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Configure intercompany transactions - Set up intracompany balancing rules |
| Budgetary Control and Encumbrance Accounting | 10% | - Set up encumbrance accounting - Configure budgetary control - Monitor budget balances and control |
| Ledgers and Accounting Setup | 25% | - Set up subledger accounting - Define data access sets - Define ledgers and ledger sets - Configure currencies, calendars, and accounting conventions |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?
- A. ADFDI Budget Balance Report
- B. Smart View
- C. Account Monitor
- D. Account Inspector
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting. What is Oracle's recommended method for doing this?
- A. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
- B. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
- C. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
- D. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?
- A. Data Access Sets using an Access Set Type of Primary Balancing Segment
- B. Segment Value Security
- C. Balancing Segment Value Assignment to Legal Entities
- D. Cross-Validation Rules
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You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment. What does Oracle's recommended method to define this chart or accounts?
- A. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
- B. Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
- C. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
- D. Define two different charts of accounts.
You want to define an allocation rule where segment values are constants (or rules and formulas. What should you do?
- A. Only specify segment values in formulas.
- B. Specify Run Time Prompts (RTP)
- C. Always use the Outer Point of View (POV)
- D. Never use the Outer Point of View (POV)
