How to Prepare for Oracle 1Z0-1054-21 Certification Exam? Make 1Z0-1054-21 Certification Exam Easy with DBexam.com
1Z0-1054-21 Exam Detail Exam Code
1Z0-1054-21
Full Exam Name Oracle Financials Cloud General Ledger 2021 Implementation Essentials Number of Questions
55
Practice Exams
1Z0-1054-21 Online Practice Exam
Passing Score
60%
Time Limit
90 minutes
Recommended Training
Oracle Financials Cloud: General Ledger 2021 Certified Implementation Specialist Oracle Financials Cloud Learning Subscription
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How to Prepare for 1Z0-1054-21 •
Perform enough practice with Oracle system with related Oracle 1Z0-1054-21 certification subjects
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Identify the key configuration, workflow and data flow
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Understand the all Syllabus Topics of Exam which are Given in Description.
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Identify your weak areas from practice test and do more practice with system
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Repeat practice exams and try to score 100% on www.DBexam.com
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Oracle 1Z0-1054-21 Exam Questions
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Q 1) 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? Option
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.
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ANSWER 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. Enjoy success with DBexam.com
Q 2) You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?
Option a) Point of View (POV) b) Run Time Prompts (RTP) c) Formulas
d) Rule Sets
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ANSWER a) Point of View (POV) c) Formulas d) Rule Sets
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Q 3) 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? Option 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. 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.
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ANSWER
d) Purge all translated balances, change the СТА account in the Ledger page, and rerun Translation for all periods required.
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Q 4) How do you hide accounts with no balances showing #Missing in Smart view?
Option 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.
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ANSWER a) Select the Data/Missing check box in the Data Options tab.
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Q 5) Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting tor these products? Option 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 cross-ledger 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.
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ANSWER c) Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger 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.
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