Oracle 1Z0-1054-21 exam - in .pdf

1Z0-1054-21 pdf
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Jul 31, 2026
  • Q & A: 136 Questions and Answers
  • PDF Price: $59.99
  • PDF Demo

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  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Jul 31, 2026
  • Q & A: 136 Questions and Answers
  • PDF Version + PC Test Engine + Online Test Engine
  • Value Pack Total: $119.98  $79.99
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Oracle 1Z0-1054-21 exam - Testing Engine

1Z0-1054-21 Testing Engine
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Jul 31, 2026
  • Q & A: 136 Questions and Answers
  • Software Price: $59.99
  • Testing Engine

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Budgetary Control and Encumbrance Accounting- Encumbrance Accounting
- Control Budgets
- Funds Check Processing
- Configure Budgetary Control
Topic 2: Intercompany Processing- Configure Intercompany Balancing Rules
- Process Intercompany Transactions
- Intercompany Reconciliation
Topic 3: Financial Reporting- Financial Reporting Studio
- Financial Statement Generation
- Smart View Reporting
- Account Groups and Reports
Topic 4: Journal Processing- Create and Manage Journals
- Allocation Rules
- Recurring Journals
- Configure Journal Approval
- Journal Import and Posting
Topic 5: Period Close- Perform Period Close Activities
- Manage Accounting Periods
- Close Monitoring and Reporting
Topic 6: Configuring Enterprise and Financial Reporting Structures- Manage Chart of Accounts
- Manage Ledgers
- Manage Accounting Calendars
- Manage Legal Jurisdictions
- Manage Legal Authorities and Legal Entities
- Manage Account Hierarchies
- Manage Geographies
Topic 7: Configuring Ledgers- Manage Ledger Sets
- Define Ledger Options
- Configure Secondary Ledgers
- Configure Reporting Currencies

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

1. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

A) Use Account Inspector and then export to Excel and copy and paste into PowerPoint
B) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
C) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel
D) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint


2. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Each product has its own Intercompany Accounting feature that needs to be set up separately
B) They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
C) Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
D) Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals


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


4. our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)

A) Sunburst Report
B) Smart View
C) OTBI
D) Account Inspector
E) Account Monitor


5. Which three objectives must be considered when designing the chart of accounts? (Choose three.)

A) Effectively manage an organization's financial business
B) Limit the number of segments to those you need today to reduce data entry
C) Consider implementing a single, global chart of accounts
D) Try to use all 30 segments and 25 characters per segment because you cannot change it later
E) Anticipate growth and maintenance needs as organizational changes occur


Solutions:

Question # 1
Answer: C
Question # 2
Answer: C,D
Question # 3
Answer: B
Question # 4
Answer: B,D,E
Question # 5
Answer: A,C,E

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