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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A) data access and security
B) chart of accounts master data maintenance
C) cross-validation rules
D) chart of accounts hierarchy maintenance
E) integration with transactions from external feeder systems

2. After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

A) Smart View
B) ADFDI Budget Balance Report
C) Account Monitor
D) Account Inspector

3. Which two statements are true regarding infotiles and infolets?

A) Infotiles have Front view, Back view, and Expanded view.
B) Infotiles pull data from Oracle Transactional Business Intelligence Analyses.
C) You can refresh infolets to see up-to-date data.
D) You can create your own user defined Infolets.
E) Infolets are accessed only from the Newsfeed homepage layout.

4. Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
B) If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
C) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
D) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
E) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances

5. There is a business requirement for a subsidiary company to report to the parent company basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Balances Level
B) Subledger level
C) Spreadsheet level
D) Journal Level
E) Adjustment only level

Solutions: