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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Oracle Data Visualization Cloud Service
B) Smart View
C) Financial Reporting Center
D) Business Intelligence Publisher (BI Publisher)

2. You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel invoice. What happened to funds available when you cancel and invoice that requires budgetary control?

A) The Budget will increase by USD 100 ad the funds available will decrease by USD 100
B) funds Available will change when the invoice is approved
C) The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed by USD 100
D) The Budget and funds available will increase by USD 100.

3. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)

A) The Account Rule's Chart of Accounts have no account values assigned
B) The Account Rule's conditions are not defined
C) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
D) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.

4. You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A) When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
B) The Segment Value Security rules do not take effect until you assign the rules to users and products
C) You can use hierarchies to define rules
D) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts

5. The Budget Manager specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the budget Account Monitor Page?

A) Application Development Framework Desktop Integration (Adfdi)
B) Budget Group
C) Budget Account Group
D) Budget Controller
E) Account Group

Solutions: