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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

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

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

2. You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A) Intercompany transaction type default accounts
B) Provider and Receiver distribution set -
C) the AutoAccounting Definition
D) the Transaction Account Definition g

3. 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) Additional intercompany rules will need to be defined for the two additional balancing segments
B) Define Ledger balancing options to balance by second and third balancing segments
C) 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
D) 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

4. You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?

A) Query the account balance online
B) Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
C) Run a Trial Balance before and after posting
D) View the Projected Balances region in the create Journals page.

5. Which Subject area has been enhanced to allow you to drill down from OTBI General Report to a General Journal?

A) General Ledger - Journal Transaction Balances Real Time
B) General Ledger - Summary Balances Real Time
C) General Ledger - Journal Balances Real Time
D) General Ledger - Journal Real Time

Solutions: