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Oracle 1Z0-1054-21 Exam Syllabus Topics:

Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

1. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Financial Reporting Center
B) Business Intelligence Publisher (BI Publisher)
C) Oracle Data Visualization Cloud Service
D) Smart View

2. The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

A) Run the "Correct Misclassified Account" program
B) Deactivate the value
C) Run the "Segment Value Inheritance" program
D) Run the "Update Balance Cube Chart of the Accounting Dimension" program

3. Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts. When should you reverse revaluation journals, if at all required

A) Never, because each period's revaluation adjustment is just for that period
B) Both balance sheet and income statement revaluation journals should be reversed in the period
C) The reversals must be done at the end of each quarter
D) Reverse them in the same period as the revaluation run

4. Your are setting up Close Monitor, which comprises a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose Two)

A) Chart of Accounts and Business Units
B) Chart of Accounts
C) Legal Entities, Business Units, and Chart of Accounts,
D) Accounting Calendar
E) Chart of Account, Currency, Accounting Calendar, and Sub ledger Accounting Method

5. Which tool can you use to create a Financial Income Statement?.

A) PS/nVision
B) Rapid Implementation Enterprise Structures setup
C) One View Reporting
D) Account Inspector

Solutions: