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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Perform revaluation, translation, and consolidation - Use Financial Reporting Studio and Smart View - Manage accounting periods |
| Journal Processing | 20% | - Manage allocations and recurring journals - Create and approve journal entries - Perform journal adjustments and reversals - Import and post journals |
| Budgetary Control and Encumbrance Accounting | 10% | - Configure budgetary control - Set up encumbrance accounting - Monitor budget balances and control |
| Enterprise and Financial Reporting Structures | 20% | - Manage segment value security - Define enterprise structures - Define financial reporting structures - Configure chart of accounts |
| Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Configure intercompany transactions - Set up intracompany balancing rules |
| Ledgers and Accounting Setup | 25% | - Define data access sets - Configure currencies, calendars, and accounting conventions - Set up subledger accounting - Define ledgers and ledger sets |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?
- A. Online Transactional Business Intelligence
- B. Account Inspector
- C. Smart View
- D. Account Monitor
- E. Financial Reports published to Excel
Correct Answer: B,C,D 🗳️
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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)
Correct Answer: D 🗳️
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. Nothing. All report balances are drillable in all FR Studio reports
- C. Drill Through in Grid Properties
- D. Report Functions
Correct Answer: C 🗳️
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Dynamic Approval Groups
- B. Supervisory level approval
- C. Management Chain approval
- D. Cost center based approval
Correct Answer: B 🗳️
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administration customize pages for them using Page Composer
- B. They can format each table by hiding and showing columns, moving columns, and resizing columns
- C. They can use Personalization to move and remove regions from those pages
- D. Users have very little control their Springboards and Work Areas; they can only resize columns
Correct Answer: B,C 🗳️
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