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Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Journal Processing- Journal imports
  • 1. File-based data import (FBDI)
    • 2. Spreadsheet uploads
      - Manual journals
      • 1. Recurring journals
        • 2. Journal creation and approval
          Topic 2: Period Close Process- Financial reporting
          • 1. Trial balance and reports
            - Close activities
            • 1. Adjustments and accruals
              • 2. Reconciliations
                Topic 3: Subledger Accounting- Event processing
                • 1. Accounting events
                  - Accounting rules
                  • 1. Journal line rules
                    • 2. Account derivation rules
                      Topic 4: Enterprise Structures and Setup- Ledger configuration
                      • 1. Primary ledger setup
                        • 2. Secondary ledgers
                          - Chart of Accounts
                          • 1. COA structure design
                            • 2. Value sets and segments
                              Topic 5: Security and Configuration- Implementation setup tasks
                              • 1. Setup Financials Cloud
                                - Roles and access
                                • 1. Security setup

                                  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) Use the Freeze on the tables to scroll through large amounts of data
                                  B) Detach the table to resize it to the maximum size of the monitor.
                                  C) Export the table to Excel
                                  D) Run a Business Intelligence Publisher report with Excel as the output format


                                  2. You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)

                                  A) when designing your financial statement using financial report (FR), embed a chart into your report.
                                  B) use Account Inspector that automatically creates graphs on financials balances
                                  C) When viewing the report, download to Excel and use Excel's charting features to create your bar graph
                                  D) Use Smart View, which is and Excel Add-on


                                  3. You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

                                  A) You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
                                  B) It is fine to have the same child value roll up to two or more different parent values
                                  C) The tree should have at least two tree versions to reduce report and allocation maintenance
                                  D) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
                                  E) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)


                                  4. You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel invoice. What happened to funds available when you cancel and invoice that requires budgetary control?

                                  A) The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed by USD 100
                                  B) funds Available will change when the invoice is approved
                                  C) The Budget and funds available will increase by USD 100.
                                  D) The Budget will increase by USD 100 ad the funds available will decrease by USD 100


                                  5. You want to enter budget date in General Ledger Cloud, which method is not supported?

                                  A) File-based Data import
                                  B) Application Development framework Desktop Integration (ADFdi)
                                  C) Direct budet balance updaes from a Financial Stement in smart view
                                  D) Entering Budget Journal


                                  Solutions:

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

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