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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 |
| Exam Format: | Multiple Choice, Multiple Select |
| Exam Price: | USD 245 |
| Certificate Validity Period: | Version-specific, subject to Oracle Cloud Recertification Policy |
| Real Exam Qty: | 55 |
| Available Languages: | English, Japanese |
| Passing Score: | 60% |
| Exam Duration: | 90 minutes |
| Recommended Training: | Oracle Financials Cloud: General Ledger Implementation Training |
| Exam Registration: | Pearson VUE Registration Oracle University Certification |
| 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: Period Close and Financial Reporting | 15% | - Generate financial statements and reports - Perform revaluation, translation, and consolidation - Manage accounting periods - Use Financial Reporting Studio and Smart View |
| Topic 2: Intercompany and Intracompany Balancing | 10% | - Process and reconcile intercompany entries - Configure intercompany transactions - Set up intracompany balancing rules |
| Topic 3: Ledgers and Accounting Setup | 25% | - Set up subledger accounting - Define ledgers and ledger sets - Define data access sets - Configure currencies, calendars, and accounting conventions |
| Topic 4: Budgetary Control and Encumbrance Accounting | 10% | - Monitor budget balances and control - Set up encumbrance accounting - Configure budgetary control |
| Topic 5: Journal Processing | 20% | - Import and post journals - Perform journal adjustments and reversals - Create and approve journal entries - Manage allocations and recurring journals |
| Topic 6: Enterprise and Financial Reporting Structures | 20% | - Define financial reporting structures - Configure chart of accounts - Manage segment value security - Define enterprise structures |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)
A) The Account Rule's conditions are not defined
B) The Account Rule's Chart of Accounts have no account values assigned
C) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
D) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
2. Alter submitting the journal for approval, you realize that the department value in the journal incorrect.
How do you correct the value?
A) Click the Withdraw Approval button in the Edit Journals page and edit the journal
B) Reverse the journaland create a new one
C) Delete the journal and create a new journal
D) Update the journal through workflow
3. 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) Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
C) View the Projected Balances region in the create Journals page.
D) Run a Trial Balance before and after posting
4. You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of sub ledger. Which two actions should you now perform? (Choose two.)
A) Define Journal Conversation Rules that exclude sub ledgers
B) Define Supporting References with balances
C) Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
D) Define Journal Conversation Rules that include sub ledgers in order to transfer sub ledger transactions
E) Assign a Sub ledger Accounting Method to the secondary ledger
5. In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
A) Users have very little control their Springboards and Work Areas; they can only resize columns
B) They can have the System Administration customize pages for them using Page Composer
C) They can format each table by hiding and showing columns, moving columns, and resizing columns
D) They can use Personalization to move and remove regions from those pages
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: A | Question # 3 Answer: C | Question # 4 Answer: D,E | Question # 5 Answer: C,D |
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