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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Alter submitting the journal for approval, you realize that the department value in the journal incorrect.
How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal
B) Reverse the journaland create a new one
C) Delete the journal and create a new journal
D) Update the journal through workflow

2. 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 - Journal Real Time
C) General Ledger - Summary Balances Real Time
D) General Ledger - Journal Balances Real Time

3. Your Company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers, You can typically map segments between your general Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A) The unmapped segments default to future use segments in Hyperion Financial Management.
B) Errors occur for unmapped segments, you must map multiple segments from source general ledgers to the target segments in Hyperion Financial Management
C) No Data is Transferred.
D) Data is summarized across segments that are not mapped to Hyperion Financials Management.

4. Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

A) For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
B) Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
C) Journal entry spreadsheets are not impacted by this new function.
D) Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

5. 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) Choose the Suppress Zeros option under Data options.
C) Use Excel functions to hide rows with #Missing assigned
D) This indicates a database connection issue. Try to reconnect to Fusion Applications.

Solutions: