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

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) The layout Template
B) Output type
C) The Style Template
D) The Data Model
E) The Data Source

2. The Delete Translated Balances Process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletion process completes, what additional process must you run?

A) Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations
B) Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations
C) Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
D) Submit the updated General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations

3. Which two types of journals can be automatically routed through the journal approval process

A) Manual journals
B) Allocation journals
C) Revaluation journals
D) Journals imported from third-party systems
E) Sub ledger journals

4. Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored for both subledger balances and general ledger balances
B) When using ADB, you must define a daily calendar and assign it to your ADB ledger
C) Average balances are stored in the Essbase cube
D) ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances
E) Average balances are maintained for both actual and budget balances

5. The general accountant Is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the list of account for the accountant to select in the Suspense Account.
What Is the reason for this?

A) A cross validation rule is in place to prevent the resulting combination from being created.
B) There Is a primary balancing segment attached to the legal entity of the primary ledger.
C) The general accountant has a segment value security rule assigned which restricts access to the cost center.
D) The general accountant does not have the Financials Application administrator role assigned therefore, has view-only privileges on this page. -

Solutions: