Oracle 1Z0-1054-21 : Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

Question 1

Management wants to use the budget transfer function available on the Review Budgetary control Which privilege is required to perform the budget transfer?

A. Budget Loading (XCC_BUDGET_LOADING_DUiPRIV)
B. Import Budget Amount from Spreadsheet (XCC_IMPORT_BUDET_FROM_SPREADSHEET_PRIV)
C. Import Budget Amounts (XCC_IMPORT_BUDGET_AMOUNTS_PRIV)
D. Manage Control Budgets (XCC_HANAGI_CONIROL_BUDGrs.PRIV)

Question 2

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
B. When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
C. You can use hierarchies to define rules
D. The Segment Value Security rules do not take effect until you assign the rules to users and products

Question 3

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 include sub ledgers in order to transfer sub ledger transactions
B. Define Supporting References with balances
C. Assign a Sub ledger Accounting Method to the secondary ledger
D. Define Journal Conversation Rules that exclude sub ledgers
E. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

Question 4

You want to enter budget date in General Ledger Cloud, which method is not supported?

A. Entering Budget Journal
B. Direct budet balance updaes from a Financial Stement in smart view
C. File-based Data import
D. Application Development framework Desktop Integration (ADFdi)

Question 5

Your company has two legal entities in the US (Balancing Segment Value (BSV 101 and 102) one legal entity in France (BSV 401) and one legal entity in the UK (BSV 402) Both US legal entities share the same ledger, whereas the UK and France have their own ledgers Assuming intercompany transactions are not being entered, what is the minimal action you can take to still configure the ledger correctly?

A. You should assign the balancing segment value to the ledger in the US and assign the balancing segment value to identify each legal entity in the UK and France Ledgers
B. You should assign a balancing segment value to identify each legal entity in the US ledger
C. You should assign a balancing segment value to identify each legal entity in each ledger
D. You should assign a balancing segment value to identify each legal entity in the US and assign balancing segment value to the ledger in the UK and France

Solutions: