Oracle 1Z0-1054-21

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

1. You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A) Provider and Receiver distribution set -
B) the AutoAccounting Definition
C) the Transaction Account Definition g
D) Intercompany transaction type default accounts

2. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Financial Reporting Center
B) Business Intelligence Publisher (BI Publisher)
C) Oracle Data Visualization Cloud Service
D) Smart View

3. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

A) Data Access Sets
B) Role-Based Access
C) Segment Value Security
D) Cross-Validation Rules

4. Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

A) ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances
B) Average balances are maintained for both actual and budget balances
C) Average balances are stored for both subledger balances and general ledger balances
D) Average balances are stored in the Essbase cube
E) When using ADB, you must define a daily calendar and assign it to your ADB ledger

5. You want to process multiple allocations at the same time. What feature do you use?

A) Rulesets
B) General Ledger Entries
C) Formulas
D) Point of View(POV)

Solutions: