About Oracle Financials Cloud: General Ledger 2021 Implementation Essentials exam torrent

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

A) When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
B) Additional intercompany rules will need to be defined for the two additional balancing segments
C) Define Ledger balancing options to balance by second and third balancing segments
D) Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry

2. Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?

A) Data Access Sets using an Access Set Type of Primary Balancing Segment
B) Balancing Segment Value Assignment to Legal Entities
C) Segment Value Security
D) Cross-Validation Rules

3. You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

A) Capture accounting events
B) Create the accounting in the source system and then import the journal entries into subledger accounting
C) Determine the accounting impact of transactions
D) Analyze external system transactions

4. You need to build a complex account rule. Which four value types can you use in your definition?

A) Constant
B) Value Set
C) Mapping Set
D) Existing Account Rule
E) Account Combination
F) Source

5. You are setting up Close Monitor, which comprise a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share.(Choose Two)

A) Accounting Calendar
B) Legal Entities, Business Units and Chart of Accounts.
C) Chart of Accounts and Business Units.
D) Chart of Accounts. Currency, Accounting Calendar, an subledger Accounting Method.

Solutions: