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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Alter submitting the journal for approval, you realize that the department value in the journal incorrect.
How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal
B) Delete the journal and create a new journal
C) Reverse the journaland create a new one
D) Update the journal through workflow

2. Your Company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers, You can typically map segments between your general Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A) The unmapped segments default to future use segments in Hyperion Financial Management.
B) Data is summarized across segments that are not mapped to Hyperion Financials Management.
C) Errors occur for unmapped segments, you must map multiple segments from source general ledgers to the target segments in Hyperion Financial Management
D) No Data is Transferred.

3. The general accountant Is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the list of account for the accountant to select in the Suspense Account.
What Is the reason for this?

A) There Is a primary balancing segment attached to the legal entity of the primary ledger.
B) The general accountant has a segment value security rule assigned which restricts access to the cost center.
C) A cross validation rule is in place to prevent the resulting combination from being created.
D) The general accountant does not have the Financials Application administrator role assigned therefore, has view-only privileges on this page. -

4. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A) Only specify segment values in formulas
B) Specify Run Time Prompts (RTP)
C) Always use the Outer Point of View (POV)
D) Never use the Outer Point of View (POV)

5. After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

A) Account Inspector
B) Smart View
C) Account Monitor
D) ADFDI Budget Balance Report

Solutions: