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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

A) Account Monitor
B) Financial Reports published to Excel
C) Account Inspector
D) Smart View
E) Online Transactional Business Intelligence

2. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction category
B) the transaction source
C) the transaction type
D) the transaction batch

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

4. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?

A) There is no unrealized exchange gain or loss calculated
B) The original Journal entry in Euros remains the same.
C) The original journal entry in Euros is Updated,
D) You have an unrealized exchange gain recorded.
E) You have an unrealized exchange loss recorded.

5. Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use. What setup is required to achieve this requireme

A) Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
B) Create two detail control budgets: annually with absolute control and monthly with advisory or trackcontrol.
C) Create an annual budget with absolute control and so encumbrance accounting will work.
D) Create a summary budget annually with advisory control and control budget monthly with absolute control.
E) Create two detail control budgets: annually with advisory/track control and monthly with absolute control.

Solutions: