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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Financial Reporting | - Financial Statement Generation - Smart View Reporting - Account Groups and Reports - Financial Reporting Studio |
| Configuring Enterprise and Financial Reporting Structures | - Manage Legal Authorities and Legal Entities - Manage Account Hierarchies - Manage Chart of Accounts - Manage Legal Jurisdictions - Manage Accounting Calendars - Manage Geographies - Manage Ledgers |
| Budgetary Control and Encumbrance Accounting | - Funds Check Processing - Encumbrance Accounting - Control Budgets - Configure Budgetary Control |
| Journal Processing | - Allocation Rules - Configure Journal Approval - Journal Import and Posting - Create and Manage Journals - Recurring Journals |
| Intercompany Processing | - Process Intercompany Transactions - Intercompany Reconciliation - Configure Intercompany Balancing Rules |
| Configuring Ledgers | - Manage Ledger Sets - Configure Reporting Currencies - Configure Secondary Ledgers - Define Ledger Options |
| Period Close | - Manage Accounting Periods - Perform Period Close Activities - Close Monitoring and Reporting |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.
- A. Capture accounting events
- B. Create the accounting in the source system and then import the journal entries into subledger accounting
- C. Determine the accounting impact of transactions
- D. Analyze external system transactions
Correct Answer: B 🗳️
You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree
- A. It is fine to have the same child value roll up to two or more different parent values
- B. The tree should have at least two tree versions to reduce report and allocation maintenance
- C. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
- D. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
- E. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
Correct Answer: A,B,C 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?
- A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint
- B. Use Account Inspector and then export to Excel and copy and paste into PowerPoint
- C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel
- D. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
Correct Answer: C 🗳️
Explanation: Only visible for TestPassed members. You can sign-up / login (it's free).
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?
- A. Allow Expansion
- B. Report Functions
- C. Drill Through in Grid Properties
- D. Nothing. All report balances are drillable in all FR Studio reports
Correct Answer: C 🗳️
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting. What is Oracle's recommended method for doing this?
- A. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
- B. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
- C. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
- D. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
Correct Answer: A 🗳️
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