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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?

A) Smart View
B) Account Inspector
C) Account Monitor
D) Application Development framework Desktop Integration Budget Balances Report

2. All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

A) Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
B) Define multiple ledgers for consolidation and report on ledger set
C) Use General Ledger's Financial Reporting functionality to produce reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
D) Use Oracle Hyperion Financial Management for this type of complex consolidation

3. Your customer is reconciling their Intercompany Receivables accounts. Which two reports should they use in addition to using the intercompany Reconciliation report?

A) Receivables to General Ledger Reconciliation report
B) AR Aging report
C) Receivables Aging by General Ledger Account report
D) General Ledger Trial Balance report

4. Which two statements are true regarding how intercompany balancing rule, are defined? (Choose Two)

A) All Ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules
B) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
C) You can only define balancing rules for different journals sources. You cannot define balancing rules for different journal categories
D) you can define different rules for different chart of accounts, ledgers, legal entities, and primary balancing segment value.

5. Identify three Differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Application (OBIA).

A) OBIA works for multiple sources including E-business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications.
B) OTBI allows you to create custom reports from real-time transactional data against the database directly.
C) Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance.
D) OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.
E) Cloud customers can use both OTBI and OBIA

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