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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

1. Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
B) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
C) If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
D) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
E) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward

2. Which Subject area has been enhanced to allow you to drill down from OTBI General Report to a General Journal?

A) General Ledger - Journal Balances Real Time
B) General Ledger - Journal Real Time
C) General Ledger - Summary Balances Real Time
D) General Ledger - Journal Transaction Balances Real Time

3. What Is Oracle Essbase?

A) A data ware house
B) A robust reporting and analysis tool
C) A relational database
D) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger

4. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A) Never use the Outer Point of View (POV)
B) Only specify segment values in formulas
C) Always use the Outer Point of View (POV)
D) Specify Run Time Prompts (RTP)

5. Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)

A) While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
B) While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
C) Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
D) Define budgetary control at ledger level and only encumbrance control at the business units
E) Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
F) While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing

Solutions: