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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

Question 1

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

A. Account Monitor
B. Account Inspector and its charts
C. Smart View
D. Financial Reports with Embedded charts

Question 2

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
B. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
C. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
D. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

Question 3

Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

A. General Accountant
B. General Accountant Manager
C. Business Intelligence Administrator (BI Admin)
D. Controller
E. Financial Analyst

Question 4

Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligences analysis? .

A. Reports and Analytics
B. Enterprise performance Management Workspace
C. Business Process Management Workspace
D. Scheduled Processes
E. Universal Content Management Workspace

Question 5

Which two types of journals can be automatically routed through the journal approval process

A. Journals imported from third-party systems
B. Manual journals
C. Allocation journals
D. Revaluation journals
E. Sub ledger journals

Solutions: