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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
Related Certifications:Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist
Real Exam Qty:55
Available Languages:English
Exam Format:Multiple Choice
Exam Duration:90 minutes
Passing Score:60%
Exam Price:USD $245
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:

SectionObjectives
Topic 1: Configuring Enterprise and Financial Reporting Structures- Manage Account Hierarchies
- Manage Legal Authorities and Legal Entities
- Manage Legal Jurisdictions
- Manage Ledgers
- Manage Chart of Accounts
- Manage Geographies
- Manage Accounting Calendars
Topic 2: Journal Processing- Allocation Rules
- Configure Journal Approval
- Recurring Journals
- Create and Manage Journals
- Journal Import and Posting
Topic 3: Period Close- Close Monitoring and Reporting
- Manage Accounting Periods
- Perform Period Close Activities
Topic 4: Configuring Ledgers- Manage Ledger Sets
- Define Ledger Options
- Configure Reporting Currencies
- Configure Secondary Ledgers
Topic 5: Intercompany Processing- Intercompany Reconciliation
- Process Intercompany Transactions
- Configure Intercompany Balancing Rules
Topic 6: Budgetary Control and Encumbrance Accounting- Configure Budgetary Control
- Funds Check Processing
- Encumbrance Accounting
- Control Budgets
Topic 7: Financial Reporting- Smart View Reporting
- Financial Statement Generation
- Account Groups and Reports
- Financial Reporting Studio

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

1. In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A) They can format each table by hiding and showing columns, moving columns, and resizing columns
B) Users have very little control their Springboards and Work Areas; they can only resize columns
C) They can use Personalization to move and remove regions from those pages
D) They can have the System Administration customize pages for them using Page Composer


2. After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

A) Smart View
B) ADFDI Budget Balance Report
C) Account Monitor
D) Account Inspector


3. You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates

A) Use the spreadsheet loader from the Currency Rates Manager
B) Edit existing transactions and update the rates manually
C) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
D) Import daily rates through the Daily Rates open interface table
E) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area


4. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close Intercompany periods in Fusion Intercompany
B) Freeze the Intercompany journal source in General Ledger
C) Close the General Ledger period in the Manager Accounting Periods page
D) Close all subledger periods


5. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities. What type of report will provide this type of information?

A) Aging Reports
B) Journal Reports
C) Account Analysis Report
D) an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances


Solutions:

Question # 1
Answer: A,C
Question # 2
Answer: B
Question # 3
Answer: C,D,E
Question # 4
Answer: A
Question # 5
Answer: C

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