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. You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

A) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
B) The tree should have at least two tree versions to reduce report and allocation maintenance
C) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
D) It is fine to have the same child value roll up to two or more different parent values
E) You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes

2. Which two statements are true regarding the export/import of reports?

A) The export/import reports are available only for Fusion Customer Relationship Management.
B) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
C) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D) Reports on setup data can be used to compare and analyze how the data might have changed over time.
E) A set of reports lists user names, suppliers, and customers that have been exported/imported.

3. Your company has a legal entity in the UK, US, and Canada. They can all share the chart of Accounts but are required to transact and report In their local currency. :
What Is the minimum number of ledgers you need and why?

A) Two, because the US and Canada can share the same ledger because they are in north America
B) Three, because each requires a different currency.
C) Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
D) One, because they can all share the same chart of accounts.

4. You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit.
and Loss Accounts (4000-2222). ) being
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules?

A) There is no need to create cross-validation rules if Dynamic Combination Creation eek. fs ; enabted for your chart of accounts instance. 1 & You need to run the Cross-Validation Rule Violations process to allow rules te apely lind combinations that violate rules.
B) The rules validate and apply to new accounts only
C) The rules will validate and apply to new and existing accounts. Xs
D) You need to run the Cross-Validation Rules Process to list and optionally disable combinations a

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 a balancing segment value to identify each legal entity in the US ledger
B) You should assign a balancing segment value to identify each legal entity in each ledger
C) 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
D) 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

Solutions: