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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise and Financial Reporting Structures | 20% | - Manage segment value security - Define enterprise structures - Define financial reporting structures - Configure chart of accounts |
| Topic 2: Ledgers and Accounting Setup | 25% | - Configure currencies, calendars, and accounting conventions - Define ledgers and ledger sets - Set up subledger accounting - Define data access sets |
| Topic 3: Intercompany and Intracompany Balancing | 10% | - Configure intercompany transactions - Set up intracompany balancing rules - Process and reconcile intercompany entries |
| Topic 4: Journal Processing | 20% | - Create and approve journal entries - Perform journal adjustments and reversals - Import and post journals - Manage allocations and recurring journals |
| Topic 5: Budgetary Control and Encumbrance Accounting | 10% | - Set up encumbrance accounting - Configure budgetary control - Monitor budget balances and control |
| Topic 6: Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Use Financial Reporting Studio and Smart View - Manage accounting periods - Perform revaluation, translation, and consolidation |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?
- A. Data Access Sets
- B. Business Units functions
- C. Reference Data Sets
- D. None
Identify three functions of Functional Setup Manager.
- A. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
- B. Assign setup tasks to individuals with due dates where users must manually update their completion status.
- C. Centrally manage the close processes across subledgers and ledgers.
- D. Provide a central place to access and perform all of the setup steps across Cloud application products.
- E. Automatically mark the status of tasks as Completed after they have been completed.
You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?
- A. Use Account Inspector and then export to Excel and copy and paste into PowerPoint
- B. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel
- C. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
- D. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint
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Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Effectively manage an organization's financial business
- B. Limit the number of segments to those you need today to reduce data entry
- C. Anticipate growth and maintenance needs as organizational changes occur
- D. Consider implementing a single, global chart of accounts
- E. Try to use all 30 segments and 25 characters per segment because you cannot change it later
You need to distribute departmental expense reports to l00 department managers in your organization.
The report format is the same, but the department values differ. What in the most efficient way to achieve this?
- A. Set up Bursting Options for your batch to prepare multiple versions of a report from a single process
- B. When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department
- C. Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via email to different users. - D. Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department's data based on Segment Value Security Rules.
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