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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligences analysis? .

A) Reports and Analytics
B) Universal Content Management Workspace
C) Business Process Management Workspace
D) Enterprise performance Management Workspace
E) Scheduled Processes

2. You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. what would be your recommendation when defining ledgers?

A) User Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
B) Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) Define Balane-level Reporting currencies in the more stable currency and run Translation as often as you need.

3. Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Reference Data Sets
B) None
C) Business Units functions
D) Data Access Sets

4. You need to define multiple allocation rules as efficiently as possible, Which three components can be reused across allocation rules?

A) RuleSets
B) Run Time Protocols (RTP)
C) Point of View (POV)
D) Formulas

5. During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.

A) Change and save the segment qualifier.
B) Delete the chart of accounts and create a new one.
C) Delete the segment and create a new segment with the correct qualifier.
D) Create a new chart of accounts.

Solutions: