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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

A) Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD
B) Only obligation type will have $400 USD funds available
C) $400 USD will be added back to available funds
D) Invoice type will have less funds available by $400 USD
E) $400 USD will be expired and not available for use

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

3. The Budget Manager specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the budget Account Monitor Page?

A) Budget Controller
B) Application Development Framework Desktop Integration (Adfdi)
C) Budget Group
D) Account Group
E) Budget Account Group

4. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

A) Smart View
B) Online Transactional Business Intelligence
C) Financial Reports published to Excel
D) Account Monitor
E) Account Inspector

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

Solutions: