Oracle 1Z0-1054-21 : Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

Question #1
After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?

A. Application Development framework Desktop Integration Budget Balances Report
B. Smart View
C. Account Inspector
D. Account Monitor

Question #2
Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

A. Segment Value Security
B. Cross-Validation Rules
C. Data Access Sets
D. Role-Based Access

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

Question #4
You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

A. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
B. Create your AutoPost criteria using minimal sources and categories
C. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
D. Schedule your AutoPost Criteria set to run during off-peak hours only

Question #5
Identify three Differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Application (OBIA).

A. Cloud customers can use both OTBI and OBIA
B. Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance.
C. OTBI allows you to create custom reports from real-time transactional data against the database directly.
D. OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.
E. OBIA works for multiple sources including E-business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications.

Solutions: