Oracle Financials Cloud: General Ledger 2021 Implementation Essentials : 1Z0-1054-21 exam dump

  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Sep 07, 2026
  • Q&As: 136 Questions and Answers

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

SectionObjectives
Intercompany Processing- Configure Intercompany Balancing Rules
- Process Intercompany Transactions
- Intercompany Reconciliation
Budgetary Control and Encumbrance Accounting- Encumbrance Accounting
- Control Budgets
- Configure Budgetary Control
- Funds Check Processing
Configuring Ledgers- Configure Secondary Ledgers
- Configure Reporting Currencies
- Manage Ledger Sets
- Define Ledger Options
Configuring Enterprise and Financial Reporting Structures- Manage Geographies
- Manage Accounting Calendars
- Manage Ledgers
- Manage Legal Jurisdictions
- Manage Chart of Accounts
- Manage Legal Authorities and Legal Entities
- Manage Account Hierarchies
Period Close- Perform Period Close Activities
- Close Monitoring and Reporting
- Manage Accounting Periods
Journal Processing- Create and Manage Journals
- Journal Import and Posting
- Allocation Rules
- Recurring Journals
- Configure Journal Approval
Financial Reporting- Smart View Reporting
- Financial Statement Generation
- Financial Reporting Studio
- Account Groups and Reports

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

Question #1

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. Application Development Framework Desktop Integration (Adfdi)
  • B. Account Group
  • C. Budget Controller
  • D. Budget Account Group
  • E. Budget Group
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #2

You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

  • A. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
  • B. Create your AutoPost criteria using minimal sources and categories
  • C. Schedule your AutoPost Criteria set to run during off-peak hours only
  • D. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
Reveal Solution  Discussion  0

Correct Answer: A,D  🗳️

Question #3

You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

  • A. Use Account Inspector and then export to Excel and copy and paste into PowerPoint
  • B. Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
  • C. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to Powerpoint
  • D. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?

  • A. Smart View
  • B. Account Monitor
  • C. Application Development framework Desktop Integration Budget Balances Report
  • D. Account Inspector
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

Question #5

The Create Accounting program could not determine the debit side of the journal entry Which component of Subledger Accounting determines the debit or credit side of a journal entry?

  • A. Account Rule
  • B. Journal Accounting Rule
  • C. Journal Entry Rule
  • D. Journal Line Rule
  • E. Journal Balances Rule
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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