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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Journal Processing | 20% | - Import and post journals - Create and approve journal entries - Manage allocations and recurring journals - Perform journal adjustments and reversals |
| Ledgers and Accounting Setup | 25% | - Define ledgers and ledger sets - Set up subledger accounting - Define data access sets - Configure currencies, calendars, and accounting conventions |
| Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Monitor budget balances and control - Set up encumbrance accounting |
| Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Manage accounting periods - Perform revaluation, translation, and consolidation - Use Financial Reporting Studio and Smart View |
| Enterprise and Financial Reporting Structures | 20% | - Define enterprise structures - Define financial reporting structures - Manage segment value security - Configure chart of accounts |
| Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Set up intracompany balancing rules - Configure intercompany transactions |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. Which tool can you use to create a Financial Income Statement?
A) One View Reporting
B) PS/nVision
C) Account Inspector
D) Rapid Implementation Enterprise Structure Setup
2. How do you hide accounts with no balances showing #Missing in Smart view?
A) Choose the Suppress Zeros option under Data options.
B) This indicates a database connection issue. Try to reconnect to Fusion Applications.
C) Use Excel functions to hide rows with #Missing assigned
D) Select the Data/Missing check box in the Data Options tab.
3. You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for
$300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?
A) The purchase order is Liquidated and the invoice is Partially Reserved
B) Both are reserved
C) The purchase order is Open and the invoice is Validated
D) The purchase order is Partially Liquidated and the invoice will be Reserved
E) The purchase order is Partially Liquidated and the invoice is Partially Reserved
4. Your Company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers, You can typically map segments between your general Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?
A) Data is summarized across segments that are not mapped to Hyperion Financials Management.
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) No Data is Transferred.
D) Errors occur for unmapped segments, you must map multiple segments from source general ledgers to the target segments in Hyperion Financial Management
5. The Budget Manager specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the budget Account Monitor Page?
A) Budget Controller
B) Account Group
C) Application Development Framework Desktop Integration (Adfdi)
D) Budget Account Group
E) Budget Group
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: D | Question # 5 Answer: D |

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