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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

A) the approvers who will approve intercompany transactions
B) automatic or manual batch numbering and the minimum transaction amount
C) automatic or manual batch numbering and the maximum transaction amount
D) whether to allow receivers to reject intercompany transactions
E) whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

2. Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are maintained for both actual and budget balances
B) Average balances are stored in the Essbase cube
C) Average balances are stored for both subledger balances and general ledger balances
D) When using ADB, you must define a daily calendar and assign it to your ADB ledger
E) ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances

3. Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
B) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
C) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
D) If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
E) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

4. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

A) Use Account Inspector and then export to Excel and copy and paste into PowerPoint
B) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
C) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint
D) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel

5. Which two statements are true regarding the export/import of reports?

A) A set of reports lists user names, suppliers, and customers that have been exported/imported.
B) Reports on setup data can be used to compare and analyze how the data might have changed over time.
C) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
D) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
E) The export/import reports are available only for Fusion Customer Relationship Management.

Solutions: