Exam Name: Oracle Financials Cloud: General Ledger 2019 Implementation Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Financials Cloud
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Oracle 1Z1-1054 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Configure Ledgers | - Manage Data Access Sets - Define Ledgers and Ledger Sets - Configure Journal and Ledger Options - Configure Primary, Secondary and Reporting Ledgers |
| Period Close | - Manage Accounting Periods - Period-End Processing - Close Monitor |
| Subledger Accounting | - Create Accounting Process - Accounting Methods and Rules - Accounting Event Processing |
| Configure Enterprise and Financial Reporting Structures | - Manage Chart of Accounts - Manage Geographies - Manage Legal Jurisdictions, Legal Authorities and Legal Entities - Manage Accounting Calendars - Manage Account Hierarchies |
| Journal Processing | - Create and Manage Journals - Recurring and Allocation Journals - Journal Approval and Posting - Spreadsheet Integration |
| Intercompany Processing | - Intercompany Configuration - Intercompany Balancing Rules - Intercompany Transactions and Reconciliation |
| Reporting and Dashboards | - Financial Reporting Studio - Infolets and Dashboards - OTBI Reporting - Smart View |
| Budgetary Control and Encumbrance | - Budgetary Control Configuration - Budget Management - Funds Check and Reservations - Encumbrance Accounting |
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Oracle recommends experience with Oracle Financials Cloud General Ledger implementation and completion of relevant Oracle University training; no mandatory prerequisite exam. Eligibility rules change over time, so verify the current requirements on the official page (official 1Z1-1054 exam page) before registering.
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials is Oracle's certification exam for Oracle Financials Cloud, at the Professional level. The certificate is an indispensable credential in this field. Related credentials include Oracle Financials Cloud General Ledger Certified Implementation Specialist.
Yes β download the free Oracle Financials Cloud: General Ledger 2019 Implementation Essentials demo before purchase; the full book torrent is better still. Purchases include 365 days of free updates by email; renew afterward at 50% off.
The Oracle Financials Cloud: General Ledger 2019 Implementation Essentials blueprint spans 8 domains β including Subledger Accounting, Configure Ledgers, Intercompany Processing. Our experts check the exam database daily to keep pace; the complete outline above lists every subtopic.
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Oracle Financials Cloud: General Ledger 2019 Implementation Essentials Sample Questions:
The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?
- A. Deactivate the value
- B. Run the "Correct Misclassified Account" program
- C. Run the "Segment Value Inheritance" program
- D. Run the "Update Balance Cube Chart of the Accounting Dimension" program
Correct Answer: B π³οΈ
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)
- A. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
- B. The Account Rule's conditions are not defined
- C. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
- D. The Account Rule's chart of accounts has no account values assigned
Correct Answer: A,C π³οΈ
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
- A. Rerun Revaluation and then rerun Translation
- B. Enter another adjusting journal entry in the target currency to true up the balances
- C. Translate only the adjusting journal entry
- D. Rerun Translation and then reconsolidate your results
Correct Answer: D π³οΈ
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)
- A. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ys
- B. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types.
- C. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
- D. All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules.
Correct Answer: B,D π³οΈ
You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)
- A. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
- B. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
- C. Use HCM's Enterprise Structure Configurator (ESC) first
- D. Use the Rapid Implementation spreadsheet when creating your enterprise structure
- E. Deploy your chart of accounts
Correct Answer: C,D,E π³οΈ
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