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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. you are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as intercompany sales. Which two statements are correct? (Choose Two)

A) you can create a rule for all sources and categories by selecting the source "Other" and the category
"Other".
B) if you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value
C) You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work
D) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that intercompany balancing will always find a rule to use to generate balancing accounts.

2. Which three reporting tools are based on real-time data or balances?

A) Oracle Transactional Business Intelligence (OTBI)
B) Oracle Business Intelligence Applications (??IA)
C) Business Intelligence Publisher (BI Publisher)
D) Smart view
E) Oracle Financial Reporting (FR)

3. What type of user must be defined before you can create an Implementation Project?

A) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject
B) All roles that will be used throughout the implementationImplementation Users
C) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
D) A full-time employee that has the FSM Superuser role assigned

4. You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

A) Deploy your chart of accounts
B) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
C) Use HCM's Enterprise Structure Configurator (ESC) first
D) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
E) Use the Rapid Implementation spreadsheet when creating your enterprise structure

5. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Financial Reporting Center
B) Smart View
C) Oracle Data Visualization Cloud Service
D) Business Intelligence Publisher (BI Publisher)

Solutions: