Oracle 1Z0-1054-21

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)

A) If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal
B) Clearing companies are not supported
C) If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
D) If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
E) You must map legal entities to balancing segment values in order to use a clearing company

2. Which tool can you use to create a Financial Income Statement?

A) Rapid Implementation Enterprise Structure Setup
B) Account Inspector
C) PS/nVision
D) One View Reporting

3. What type of user must be defined before you can create an Implementation Project?

A) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject
B) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
C) A full-time employee that has the FSM Superuser role assigned
D) All roles that will be used throughout the implementationImplementation Users

4. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) ORACLE IDENTITY MANAGER ROLES ASSIGNMENT
B) YOU CANNOT REASSIGN CONTINGENT WORKERS
C) ACCESS POLICY MANAGER'S ROLE GENERATION
D) DATA ROLES
E) ROLE MAPPINGS

5. What is the most efficient way to add a new year to the accounting calendar?

A) Add the periods manually
B) Import the periods from a spreadsheet
C) Use the Add Year button
D) The application automatically populates the next year when you open the first

Solutions: