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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. How do you hide accounts with no balances showing #Missing in Smart view?

A) Select the Data/Missing check box in the Data Options tab
B) This indicates a database connection issue
C) Use Excel functions to hide rows with #Missing assigned
D) Choose the Suppress Zeros option under Data options

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

3. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?

A) Enter another adjusting journal entry in the target currency to true up the balances
B) Rerun Translation and then reconsolidate your results
C) Translate only the adjusting journal entry
D) Rerun Revaluation and then rerun Translation

4. 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) There Is a primary balancing segment attached to the legal entity of the primary ledger.
B) A cross validation rule is in place to prevent the resulting combination from being created.
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. -

5. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

A) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
B) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint
C) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel
D) Use Account Inspector and then export to Excel and copy and paste into PowerPoint

Solutions: