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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.

A) Change and save the segment qualifier.
B) Create a new chart of accounts.
C) Delete the segment and create a new segment with the correct qualifier.
D) Delete the chart of accounts and create a new one.

2. Your customer wants to enable real-time spending controls for transaction amount but does not need General Ledger journals or balances for purchase orders and requisitions Which implementation option should you suggest?

A) Enable Encumbrance Accounting only
B) Enable Budgets in General Ledger
C) Enable Budgetary Control and Encumbrance Accounting
D) Enable Budgetary Control only
E) Enable Budgetary Controi or Encumbrance Accounting

3. You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

A) Enterprise Resource Budget Integrator
B) Application Developer Framework Desktop Integrator
C) File Based Data Import
D) The budget journal spreadsheet

4. 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) Three, because each requires a different currency.
B) Two, because the US and Canada can share the same ledger because they are in north America
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.

5. Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

A) Management Chain approval
B) Dynamic Approval Groups
C) Cost center based approval
D) Supervisory level approval

Solutions: