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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You want to monitor the close process if all your financial subledgers and ledgers. How can you quickly obtain this information?

A) Use the Manage Accounting Periods page to view the status all subledgers and ledgers
B) Use Close Monitor in General Accounting Dashboard
C) Run Closing Status Reports
D) Access each subledgers' calendar and General Ledgers' Manage Accounting Periods page to view the status of each period

2. What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose Two)

A) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
B) General Ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
C) You No longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of Accounts.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of Accounts mapping rules.

3. Your company has a legal entity in the UK, US, and Canada. They can all share the chart of Accounts but are required to transact and report In their local currency. :
What Is the minimum number of ledgers you need and why?

A) Three, because each requires a different currency.
B) Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
C) Two, because the US and Canada can share the same ledger because they are in north America
D) One, because they can all share the same chart of accounts.

4. After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

A) ADFDI Budget Balance Report
B) Account Monitor
C) Account Inspector
D) Smart View

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

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

Solutions: