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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?

A) Balancing Segment Value Assignment to Legal Entities
B) Cross-Validation Rules
C) Data Access Sets using an Access Set Type of Primary Balancing Segment
D) Segment Value Security

2. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?

A) Drill Through in Grid Properties
B) Nothing. All report balances are drillable in all FR Studio reports
C) Report Functions
D) Allow Expansion

3. Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

A) General Accountant
B) General Accountant Manager
C) Controller
D) Financial Analyst
E) Business Intelligence Administrator (BI Admin)

4. You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

A) Deploy your chart of accounts
B) Use HCM's Enterprise Structure Configurator (ESC) first
C) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
D) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
E) Use the Rapid Implementation spreadsheet when creating your enterprise structure

5. Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

A) Additional intercompany rules will need to be defined for the two additional balancing segments
B) When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
C) Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
D) Define Ledger balancing options to balance by second and third balancing segments

Solutions: