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Oracle 1Z0-1054-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2021 Implementation Essentials |
| Exam Number: | 1Z0-1054-21 |
| Passing Score: | 60% |
| Available Languages: | English, Japanese |
| Exam Duration: | 90 minutes |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud Recertification Policy |
| Real Exam Qty: | 55 |
| Exam Format: | Multiple Select, Multiple Choice |
| Exam Price: | USD 245 |
| Recommended Training: | Oracle Financials Cloud: General Ledger Implementation Training |
| Exam Registration: | Oracle University Certification Pearson VUE Registration |
| Sample Questions: | Oracle 1Z0-1054-21 Sample Questions |
| Exam Way: | Online proctored or onsite at Pearson VUE test centers |
| Pre Condition: | No formal prerequisites; Oracle recommends hands-on implementation experience and completion of relevant training courses |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_FINCLDGL21OPN |
Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Journal Processing | 20% | - Create and approve journal entries - Manage allocations and recurring journals - Perform journal adjustments and reversals - Import and post journals |
| Topic 2: Ledgers and Accounting Setup | 25% | - Configure currencies, calendars, and accounting conventions - Set up subledger accounting - Define data access sets - Define ledgers and ledger sets |
| Topic 3: Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Manage accounting periods - Use Financial Reporting Studio and Smart View - Perform revaluation, translation, and consolidation |
| Topic 4: Enterprise and Financial Reporting Structures | 20% | - Configure chart of accounts - Define enterprise structures - Manage segment value security - Define financial reporting structures |
| Topic 5: Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Set up intracompany balancing rules - Configure intercompany transactions |
| Topic 6: Budgetary Control and Encumbrance Accounting | 10% | - Monitor budget balances and control - Set up encumbrance accounting - Configure budgetary control |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
Question 1
After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?
A. Smart View
B. Application Development framework Desktop Integration Budget Balances Report
C. Account Monitor
D. Account Inspector
Question 2
What type of user must be defined before you can create an Implementation Project?
A. A full-time employee that has the FSM Superuser role assigned
B. None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject
C. None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
D. All roles that will be used throughout the implementationImplementation Users
Question 3
The Budget Manager specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the budget Account Monitor Page?
A. Budget Group
B. Application Development Framework Desktop Integration (Adfdi)
C. Budget Controller
D. Budget Account Group
E. Account Group
Question 4
Your Customer has three legal entities, 50 Departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing: a new chart of accounts? How many segments and what segment qualifiers should be used?
A. Define four segments for the company, department, natural account and intercompany segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment and intercompany segment respectively
B. Define Three segments for the company, department, and natural accounts. The qualifiers should be primary balancing segment, intercompany segment, cost center segment, and natural account segment, respectively
C. Define Three segments for the company, department, and natural accounts, the qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively
D. Define five segments for the company, department, natural account, intercompany segment and future segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment, intercompany segment an no qualifier respectively.
Question 5
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?
A. Smart View
B. Account Monitor
C. Account Inspector and its charts
D. Financial Reports with Embedded charts
Solutions:
| Question 1 Answer: B | Question 2 Answer: D | Question 3 Answer: D | Question 4 Answer: D | Question 5 Answer: B |
By Mavis
