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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your customer is reconciling their Intercompany Receivables accounts. Which two reports should they use in addition to using the intercompany Reconciliation report?

A) General Ledger Trial Balance report
B) Receivables to General Ledger Reconciliation report
C) Receivables Aging by General Ledger Account report
D) AR Aging report

2. Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

A) Account Monitor
B) Account Inspector and its charts
C) Financial Reports with Embedded charts
D) Smart View

3. In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

A) Oracle Transactions Business Intelligence
B) Financial Reporting Studio
C) Oracle Enterprise Repository
D) Smart View
E) Application Composer

4. You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

A) Application Developer Framework Desktop Integrator
B) Enterprise Resource Budget Integrator
C) The budget journal spreadsheet
D) File Based Data Import

5. You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

A) Schedule your AutoPost Criteria set to run during off-peak hours only
B) Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
C) Create your AutoPost criteria using minimal sources and categories
D) Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process

Solutions: