Oracle Financials Cloud: General Ledger 2021 Implementation Essentials : 1Z0-1054-21

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of sub ledger. Which two actions should you now perform? (Choose two.)

A) Assign a Sub ledger Accounting Method to the secondary ledger
B) Define Journal Conversation Rules that exclude sub ledgers
C) Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
D) Define Supporting References with balances
E) Define Journal Conversation Rules that include sub ledgers in order to transfer sub ledger transactions

2. What Is Oracle Essbase?

A) A relational database
B) A data ware house
C) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
D) A robust reporting and analysis tool

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

4. Which two statements are true regarding infotiles and infolets?

A) Infolets are accessed only from the Newsfeed homepage layout.
B) Infotiles have Front view, Back view, and Expanded view.
C) Infotiles pull data from Oracle Transactional Business Intelligence Analyses.
D) You can refresh infolets to see up-to-date data.
E) You can create your own user defined Infolets.

5. You want to monitor the close process if all your financial subledgers and ledgers. How can you quickly obtain this information?

A) Run Closing Status Reports
B) Use the Manage Accounting Periods page to view the status all subledgers and ledgers
C) Access each subledgers' calendar and General Ledgers' Manage Accounting Periods page to view the status of each period
D) Use Close Monitor in General Accounting Dashboard

Solutions: