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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 - Define financial reporting structures - Configure chart of accounts - Define enterprise structures |
| Topic 2: Ledgers and Accounting Setup | 25% | - Define data access sets - Configure currencies, calendars, and accounting conventions - Set up subledger accounting - Define ledgers and ledger sets |
| Topic 3: Intercompany and Intracompany Balancing | 10% | - Configure intercompany transactions - Process and reconcile intercompany entries - Set up intracompany balancing rules |
| Topic 4: Journal Processing | 20% | - Import and post journals - Create and approve journal entries - Manage allocations and recurring journals - Perform journal adjustments and reversals |
| Topic 5: Period Close and Financial Reporting | 15% | - Use Financial Reporting Studio and Smart View - Manage accounting periods - Generate financial statements and reports - Perform revaluation, translation, and consolidation |
| Topic 6: Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Monitor budget balances and control - Set up encumbrance accounting |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)
- A. Use HCM's Enterprise Structure Configurator (ESC) first
- B. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
- C. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
- D. Deploy your chart of accounts
- E. Use the Rapid Implementation spreadsheet when creating your enterprise structure
Correct Answer: A,D,E 🗳️
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Always use the Outer Point of View (POV)
- B. Only specify segment values in formulas
- C. Specify Run Time Prompts (RTP)
- D. Never use the Outer Point of View (POV)
Correct Answer: A 🗳️
You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?
- A. chart of account values, accounting calendar, and ledger
- B. Banks, Bank Accounts, and Branches
- C. complete Accounting Configuration
- D. Suppliers and Customers
- E. setup data for Receivables and Payables product
Correct Answer: A,B,D 🗳️
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Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligences analysis? .
- A. Universal Content Management Workspace
- B. Business Process Management Workspace
- C. Reports and Analytics
- D. Scheduled Processes
- E. Enterprise performance Management Workspace
Correct Answer: C,E 🗳️
Explanation: Only visible for ActualCollection 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. The layout Template
- B. The Data Model
- C. Output type
- D. The Data Source
- E. The Style Template
Correct Answer: B,E 🗳️
Explanation: Only visible for ActualCollection members. You can sign-up / login (it's free).
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