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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Journal Processing | - Journal Import and Posting - Configure Journal Approval - Recurring Journals - Allocation Rules - Create and Manage Journals |
| Topic 2: Financial Reporting | - Account Groups and Reports - Smart View Reporting - Financial Reporting Studio - Financial Statement Generation |
| Topic 3: Budgetary Control and Encumbrance Accounting | - Control Budgets - Configure Budgetary Control - Funds Check Processing - Encumbrance Accounting |
| Topic 4: Period Close | - Close Monitoring and Reporting - Manage Accounting Periods - Perform Period Close Activities |
| Topic 5: Configuring Ledgers | - Manage Ledger Sets - Configure Reporting Currencies - Configure Secondary Ledgers - Define Ledger Options |
| Topic 6: Intercompany Processing | - Intercompany Reconciliation - Process Intercompany Transactions - Configure Intercompany Balancing Rules |
| Topic 7: Configuring Enterprise and Financial Reporting Structures | - Manage Accounting Calendars - Manage Account Hierarchies - Manage Ledgers - Manage Legal Authorities and Legal Entities - Manage Geographies - Manage Chart of Accounts - Manage Legal Jurisdictions |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)
- A. Clearing companies are not supported
- B. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
- C. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
- D. You must map legal entities to balancing segment values in order to use a clearing company
- E. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
You are setting up Close Monitor, which comprise a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share.(Choose Two)
- A. Accounting Calendar
- B. Chart of Accounts and Business Units.
- C. Chart of Accounts. Currency, Accounting Calendar, an subledger Accounting Method.
- D. Legal Entities, Business Units and Chart of Accounts.
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Cost center based approval
- B. Management Chain approval
- C. Dynamic Approval Groups
- D. Supervisory level approval
Your are setting up Close Monitor, which comprises a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose Two)
- A. Accounting Calendar
- B. Chart of Accounts and Business Units
- C. Legal Entities, Business Units, and Chart of Accounts,
- D. Chart of Accounts
- E. Chart of Account, Currency, Accounting Calendar, and Sub ledger Accounting Method
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)
- A. Journal entry spreadsheets are not impacted by this new function.
- B. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
- C. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
- D. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
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