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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?

A) Query the account balance online
B) View the Projected Balances region in the create Journals page.
C) Run a Trial Balance before and after posting
D) Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances

2. 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 the Rapid Implementation spreadsheet when creating your enterprise structure
C) Deploy your chart of accounts
D) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
E) Use HCM's Enterprise Structure Configurator (ESC) first

3. The Create Accounting program could not determine the debit side of the journal entry Which component of Subledger Accounting determines the debit or credit side of a journal entry?

A) Journal Entry Rule
B) Account Rule
C) Journal Line Rule
D) Journal Accounting Rule
E) Journal Balances Rule

4. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.

A) Primary Balancing
B) Cost center
C) Secondary Balancing
D) Natural Account _
E) Intercompany Segment -

5. What is the most efficient way to add a new year to the accounting calendar?

A) Use the Add Year button
B) The application automatically populates the next year when you open the first
C) Add the periods manually
D) Import the periods from a spreadsheet

Solutions: