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Oracle 1Z0-1054-21 Questions & Answers - in .pdf

1Z0-1054-21 pdf
  • Total Q&A: 136
  • Update: Aug 02, 2026
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  • Vendor: Oracle
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
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Oracle 1Z0-1054-21 Q&A - Testing Engine

1Z0-1054-21 Study Guide
  • Total Q&A: 136
  • Update: Aug 02, 2026
  • Price: $59.99
Testing Engine
  • Vendor: Oracle
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
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Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Topic 1: Period Close Process- Close activities
  • 1. Reconciliations
    • 2. Adjustments and accruals
      - Financial reporting
      • 1. Trial balance and reports
        Topic 2: Journal Processing- Journal imports
        • 1. Spreadsheet uploads
          • 2. File-based data import (FBDI)
            - Manual journals
            • 1. Journal creation and approval
              • 2. Recurring journals
                Topic 3: Subledger Accounting- Event processing
                • 1. Accounting events
                  - Accounting rules
                  • 1. Journal line rules
                    • 2. Account derivation rules
                      Topic 4: Enterprise Structures and Setup- Chart of Accounts
                      • 1. Value sets and segments
                        • 2. COA structure design
                          - Ledger configuration
                          • 1. Secondary ledgers
                            • 2. Primary ledger setup
                              Topic 5: Security and Configuration- Roles and access
                              • 1. Security setup
                                - Implementation setup tasks
                                • 1. Setup Financials Cloud

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

                                  1. You are setting up Close Monitor, which comprise a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share.(Choose Two)

                                  A) Chart of Accounts. Currency, Accounting Calendar, an subledger Accounting Method.
                                  B) Accounting Calendar
                                  C) Chart of Accounts and Business Units.
                                  D) Legal Entities, Business Units and Chart of Accounts.


                                  2. our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)

                                  A) Sunburst Report
                                  B) OTBI
                                  C) Smart View
                                  D) Account Monitor
                                  E) Account Inspector


                                  3. The Delete Translated Balances Process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletion process completes, what additional process must you run?

                                  A) Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
                                  B) Submit the updated General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations
                                  C) Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations
                                  D) Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations


                                  4. Which three reporting tools are based on real-time data or balances?

                                  A) Oracle Transactional Business Intelligence (OTBI)
                                  B) Business Intelligence Publisher (BI Publisher)
                                  C) Oracle Financial Reporting (FR)
                                  D) Smart view
                                  E) Oracle Business Intelligence Applications (??IA)


                                  5. 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) You can use hierarchies to define rules
                                  C) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
                                  D) The Segment Value Security rules do not take effect until you assign the rules to users and products


                                  Solutions:

                                  Question # 1
                                  Answer: A,B
                                  Question # 2
                                  Answer: C,D,E
                                  Question # 3
                                  Answer: A
                                  Question # 4
                                  Answer: A,C,D
                                  Question # 5
                                  Answer: A,B

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