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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

A) You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
B) A Data Access Set with full read/write access to the ledger is automatically created
C) You must assign the job role and data security context to each user
D) You must re-deploy the chart of accounts

2. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) The Style Template
B) The Data Model
C) The layout Template
D) Output type
E) The Data Source

3. You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

A) Enterprise Resource Budget Integrator
B) The budget journal spreadsheet
C) Application Developer Framework Desktop Integrator
D) File Based Data Import

4. The Delete Translated Balances Process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletion process completes, what additional process must you run?

A) Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations
B) Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
C) Submit the updated General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
D) Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations

5. Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)

A) Clearing companies are not supported
B) If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
C) You must map legal entities to balancing segment values in order to use a clearing company
D) If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
E) If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger

Solutions: