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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A) The Segment Value Security rules do not take effect until you assign the rules to users and products
B) You can use hierarchies to define rules
C) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
D) When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products

2. Which feature outside of reporting and analysis leverages the Essbase cube?

A) Revaluations and translation of revalue and translate currencies stored in the Essbase cube
B) Calculation manager to perform allocations based on multidimensional balances and budgets
C) period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
D) Journal entries and journal approval to create journals that update balances to the cube directly.

3. 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) Drill Through in Grid Properties
B) Report Functions
C) Nothing. All report balances are drillable in all FR Studio reports
D) Allow Expansion

4. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts. What is the solution?

A) Use Supporting References to capture customer classification information
B) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI)
C) Use the Third Party Control Account feature
D) Use the Open Account Balances Listing report that has balances by customer

5. Which tool can you use to create a Financial Income Statement?

A) Rapid Implementation Enterprise Structure Setup
B) Account Inspector
C) PS/nVision
D) One View Reporting

Solutions: