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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

Question 1

You want to define an allocation rule where segment values are constants (or rules and formulas. What should you do?

A. Only specify segment values in formulas.
B. Always use the Outer Point of View (POV)
C. Specify Run Time Prompts (RTP)
D. Never use the Outer Point of View (POV)

Question 2

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 Controller
B. Account Group
C. Budget Account Group
D. Budget Group
E. Application Development Framework Desktop Integration (Adfdi)

Question 3

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
B. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
C. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
D. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

Question 4

Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. None
B. Data Access Sets
C. Business Units functions
D. Reference Data Sets

Question 5

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. Supervisory level approval
D. Dynamic Approval Groups

Solutions: