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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your Company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers, You can typically map segments between your general Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A) Errors occur for unmapped segments, you must map multiple segments from source general ledgers to the target segments in Hyperion Financial Management
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) Data is summarized across segments that are not mapped to Hyperion Financials Management.
D) No Data is Transferred.

2. You need to setup a calendar for fiscal year Apr-XX to Mar-YY where YY is the following year and you would like the periods to be named accounting to the year they fall in What Calendar format should you choose?

A) Year
B) Period
C) Fiscal
D) Calendar

3. You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates

A) Import daily rates through the Daily Rates open interface table
B) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area
C) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
D) Use the spreadsheet loader from the Currency Rates Manager
E) Edit existing transactions and update the rates manually

4. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

A) Cross-Validation Rules
B) Role-Based Access
C) Segment Value Security
D) Data Access Sets

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) 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
B) Additional intercompany rules will need to be defined for the two additional balancing segments
C) Define Ledger balancing options to balance by second and third balancing segments
D) 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

Solutions: