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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Identify three functions of Functional Setup Manager.

A) Assign setup tasks to individuals with due dates where users must manually update their completion status.
B) Centrally manage the close processes across subledgers and ledgers.
C) Automatically mark the status of tasks as Completed after they have been completed.
D) Provide a central place to access and perform all of the setup steps across Cloud application products.
E) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

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

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

3. Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

A) Invoice type will have less funds available by $400 USD
B) Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD
C) Only obligation type will have $400 USD funds available
D) $400 USD will be expired and not available for use
E) $400 USD will be added back to available funds

4. You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of sub ledger. Which two actions should you now perform? (Choose two.)

A) Define Journal Conversation Rules that exclude sub ledgers
B) Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
C) Define Supporting References with balances
D) Define Journal Conversation Rules that include sub ledgers in order to transfer sub ledger transactions
E) Assign a Sub ledger Accounting Method to the secondary ledger

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

Solutions: