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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

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

                                  Question #1

                                  The Accounting Manager requests that a schedule be created to automate.ca.ly post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

                                  • A. Journal Description
                                  • B. Journal Source
                                  • C. Journal Batch
                                  • D. Journal Category
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Question #2

                                  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. Entering Budget Journal
                                  • D. Direct budet balance updaes from a Financial Stement in smart view
                                  Reveal Solution  Discussion  0

                                  Correct Answer: C  🗳️

                                  Question #3

                                  What are the Two purposes of a secondary ledger?

                                  • A. it can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency and/or journal processing options
                                  • B. it is used to main balances in a different currency only
                                  • C. it should only be used to maintain balances for processing performance.
                                  • D. it should not be used when trying to meet local accounting requirements.
                                  • E. it is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting.
                                  Reveal Solution  Discussion  0

                                  Correct Answer: A,E  🗳️

                                  Question #4

                                  Which repot show you differences between your subledger balances and General Ledger balances?

                                  • A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
                                  • B. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
                                  • C. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
                                  • D. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
                                  Reveal Solution  Discussion  0

                                  Correct Answer: B  🗳️

                                  Question #5

                                  You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

                                  • A. Only specify segment values in formulas
                                  • B. Never use the Outer Point of View (POV)
                                  • C. Specify Run Time Prompts (RTP)
                                  • D. Always use the Outer Point of View (POV)
                                  Reveal Solution  Discussion  0

                                  Correct Answer: D  🗳️

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