Oracle 1Z0-1054-21 Certification: Exam Details, Syllabus and Questions Oracle 1Z0-1054-21 Exam
DBExam.com Get complete detail on 1Z0-1054-21 exam guide to crack Oracle Financials Cloud General Ledger 2021 Implementation Essentials. You can collect all information on 1Z0-1054-21 tutorial, practice test, books, study material, exam questions, and syllabus. Firm your knowledge on Oracle Financials Cloud General Ledger 2021 Implementation Essentials and get ready to crack 1Z0-1054-21 certification. Explore all information on 1Z0-1054-21 exam with number of questions, passing percentage and time duration to complete test.
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How to Prepare for 1Z0-1054-21 Exam on Oracle Financials Cloud General Ledger 2021 Implementation Essentials Certification? Oracle Financials Cloud General Ledger 2021 Implementation Essentials (1Z0-1054-21) preparation guide helps you to get focused on the exam. This guide also helps you to be on the 1Z0-1054-21 exam track to get certified with a good score in the final exam.
1Z0-1054-21 Oracle Financials Cloud General Ledger 2021 Implementation Essentials Exam Summary Exam Name
Oracle Financials Cloud General Ledger 2021 Implementation Essentials
1Z0-1054-21: Oracle Financials Cloud General Ledger 2021 Implementation Essentials
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Exam Code
1Z0-1054-21
Exam Product Version
Oracle Financials Cloud 21B
Exam Price
USD $245 (Pricing may vary by country or by localized currency)
Duration
90 minutes
Number of Questions
55
Passing Score
60%
Format
Multiple Choice Questions (MCQ)
Recommended Training
Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist Oracle Financials Cloud Learning Subscription
Schedule Exam
Pearson VUE
Sample Questions
Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist (OCS)
Recommended Practice
1Z0-1054-21 Online Practice Exam
Exam Syllabus: 1Z0-1054-21 Oracle Financials Cloud General Ledger 2021 Implementation Essentials 1Z0-1054-21: Oracle Financials Cloud General Ledger 2021 Implementation Essentials
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Subjects
Sub Topics
Configuring Enterprise and - Manage Legal Jurisdictions, Legal Authorities and Legal Entities Financial Reporting - Manage Geographies Structures - Manage Chart of Accounts - Manage Account Hierarchies - Manage Accounting Calendars - Manage Chart of Accounts Security Configuring Ledgers - Manage Ledgers - Explain the General Ledger Balances Cube - Manage General Ledger Security Journal Processing - Explain the journal approval setup Configure and Process - Manage Intercompany Balancing Rules and Additional Intercompany Intercompany and Clearing Options - Manage Intercompany Transaction Setup - Describe intercompany balancing - Processing Intercompany Transactions - Process intercompany reconciliations Configuring Period Close - Explain the Close Process Components - Create Allocations and Periodic Entries - Manage Revaluations - Manage Translations - Manage Consolidations - Manage Reconciliations - Close monitor Configuring Financial - Explain the Financial Reporting Center and available reporting Reporting tools - Manage Reporting using Financial Reporting Web Studio - Explain Oracle Transactional Business Intelligence - Describe Smart View accounting inquiry and analysis - Describe the General Accounting Dashboard and Work Areas - Analyze budgets versus actuals
Oracle 1Z0-1054-21 Certification Sample Questions and Answers To make you familiar with Oracle Financials Cloud General Ledger 2021 Implementation Essentials (1Z0-1054-21) certification exam structure, we have prepared this sample question set. We suggest you to try our Sample Questions for Oracle OCS 1Z0-1054-21 Certification to test your understanding of Oracle 1Z0-1054-21 process with the real Oracle certification exam environment.
1Z0-1054-21: Oracle Financials Cloud General Ledger 2021 Implementation Essentials
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1Z0-1054-21 Oracle Financials Cloud General Ledger 2021 Implementation Essentials Sample Questions 01. In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles? a) They can format each table by hiding and showing columns, moving columns, and resizing columns. b) They can use Personalization to move and remove regions from those pages. c) Users have very little control customizing their Dashboards and Work Areas; they can only resize columns. d) They can have the System Administration customize pages for them using Page Composer. 02. Your user forgot the password. How do you resolve this? a) Use the Manage Users page to update the user's information and change the password. b) Use Oracle Identity Management (OIM) to reset the user's password. c) Log in to the user's machine as an Administrator and change the password from the login password. d) Use Access Policy Manager (APM) to reset the user's password. e) Create a new user ID and password for the user. 03. You need to create a month-end reporting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors. In which three ways do you accomplish this? a) Users can drill down on snapshot reports for further analysis. b) Using Workspace, assemble multiple reports into a book. c) Use a Report Batch to run reports at a specific time to create a set of snapshot reports based on accounting information at that specific point in time. d) The reports contained in the book can be printed or viewed individually or as an entire book that includes a table of contents. e) Snapshot reports can only be viewed online. 04. How do you hide accounts with no balances showing #Missing in Smart view? a) Select the Data/Missing check box in the Data Options tab. b) Use Excel functions to hide rows with #Missing assigned c) Choose the Suppress Zeros option under Data options. d) This indicates a database connection issue. Try to reconnect to Fusion Applications. 05. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting tor these products?
1Z0-1054-21: Oracle Financials Cloud General Ledger 2021 Implementation Essentials
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a) Each product has its own Intercompany Accounting feature that needs to be set up separately. b) Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products. c) Within Financials Cloud, Intercompany Balancing Rules are used to balance both crossledger intercompany transactions and single-ledger intercompany journals. d) They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub. 06. Which repot show you differences between your subledger balances and General Ledger balances? a) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports b) Payables and Receivables Aging Reports with the General Ledger Trial Balance report c) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report d) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers 07. Identify three functions of Functional Setup Manager. a) Provide a central place to access and perform all of the setup steps across Cloud application products. b) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted. c) Automatically mark the status of tasks as Completed after they have been completed. d) Assign setup tasks to individuals with due dates where users must manually update their completion status. e) Centrally manage the close processes across subledgers and ledgers. 08. You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules? a) Point of View (POV) b) Run Time Prompts (RTP) c) Formulas d) Rule Sets 09. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates. What steps must you perform to achieve this objective without causing data corruption? a) Define a new ledger and accounting configuration. The СТА account cannot be updated after the ledger has been in use. b) Query the Translation journals and delete all of them, then change the СТА account in the Ledger page, and rerun Translation for all periods required.
1Z0-1054-21: Oracle Financials Cloud General Ledger 2021 Implementation Essentials
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c) Open the Ledgers page and update the СТА account and then rerun Translation for all periods required. The system will automatically update the translated balances. d) Purge all translated balances, change the СТА account in the Ledger page, and rerun Translation for all periods required. 10. The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page? a) Budget Group b) Application Development framework Desktop Integral ion (ADFdi) c) Account Group d) Budget Controller e) Budget Account Group Solution: QUESTION: 01
QUESTION: 02
QUESTION: 03
QUESTION: 04
QUESTION: 05
Answer: a, b
Answer: b
Answer: b, c, d
Answer: a
Answer: c, d
QUESTION: 06
QUESTION: 07
QUESTION: 08
QUESTION: 09
QUESTION: 10
Answer: c
Answer: a, b, d
Answer: a, c, d
Answer: d
Answer: c
How to Register for 1Z0-1054-21 Oracle Financials Cloud General Ledger 2021 Implementation Essentials Exam? ●
Purchase exam voucher from Oracle University
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1Z0-1054-21: Oracle Financials Cloud General Ledger 2021 Implementation Essentials
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