Oracle 1Z0-1054-21 Q&A - in .pdf
- Exam Code: 1Z0-1054-21
- Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
- Updated: Nov 02, 2026
- Q & A: 136 Questions and Answers
- Printable Oracle 1Z0-1054-21 PDF Format. It is an electronic file format regardless of the operating system platform.
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Oracle 1Z0-1054-21 Q&A - Testing Engine
- Exam Code: 1Z0-1054-21
- Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
- Updated: Nov 02, 2026
- Q & A: 136 Questions and Answers
- Install on multiple computers for self-paced, at-your-convenience training.
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About Oracle 1Z0-1054-21 Exam
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Oracle 1Z0-1054-21 Exam Overview:
| Certification Vendor: | Oracle |
|---|---|
| Exam Name: | Oracle Financials Cloud: General Ledger 2021 Implementation Essentials |
| Exam Number: | 1Z0-1054-21 |
| Passing Score: | 60% |
| Related Certifications: | Oracle Financials Cloud General Ledger 2021 Certified Implementation Specialist |
| Exam Format: | Multiple Choice |
| Exam Duration: | 90 minutes |
| Available Languages: | English |
| Real Exam Qty: | 55 |
| Exam Price: | USD $245 |
| Sample Questions: |  |
| Exam Way: | Pearson VUE testing center or Oracle online proctored exam |
| Pre Condition: | No formal prerequisite exam required. Oracle recommends implementation experience and completion of Oracle Financials Cloud General Ledger training. |
| Official Syllabus URL: | https://education.oracle.com/oracle-financials-cloud-general-ledger-2021-certified-implementation-specialist/trackp_ERPGL2021 |
Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Intercompany Processing | - Intercompany Reconciliation - Configure Intercompany Balancing Rules - Process Intercompany Transactions |
| Financial Reporting | - Account Groups and Reports - Financial Statement Generation - Smart View Reporting - Financial Reporting Studio |
| Configuring Enterprise and Financial Reporting Structures | - Manage Legal Authorities and Legal Entities - Manage Geographies - Manage Legal Jurisdictions - Manage Ledgers - Manage Chart of Accounts - Manage Accounting Calendars - Manage Account Hierarchies |
| Period Close | - Perform Period Close Activities - Manage Accounting Periods - Close Monitoring and Reporting |
| Configuring Ledgers | - Manage Ledger Sets - Configure Reporting Currencies - Define Ledger Options - Configure Secondary Ledgers |
| Budgetary Control and Encumbrance Accounting | - Configure Budgetary Control - Funds Check Processing - Encumbrance Accounting - Control Budgets |
| Journal Processing | - Configure Journal Approval - Recurring Journals - Allocation Rules - Create and Manage Journals - Journal Import and Posting |
1Z0-1054-21 Exam Facts and Self-Paced Study at TorrentValid
- Configuring Ledgers ()
- Financial Reporting ()
- Configuring Enterprise and Financial Reporting Structures ()
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?
- A. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
- B. Run a Trial Balance before and after posting
- C. Query the account balance online
- D. View the Projected Balances region in the create Journals page.
Correct Answer: D 🗳️
our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)
- A. Smart View
- B. OTBI
- C. Account Inspector
- D. Account Monitor
- E. Sunburst Report
Correct Answer: A,C,D 🗳️
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)
- A. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
- B. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
- C. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
- D. Journal entry spreadsheets are not impacted by this new function.
Correct Answer: A,B 🗳️
Which repot show you differences between your subledger balances and General Ledger balances?
- A. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
- B. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
- C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
- D. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
Correct Answer: C 🗳️
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Cost center based approval
- B. Supervisory level approval
- C. Dynamic Approval Groups
- D. Management Chain approval
Correct Answer: B 🗳️
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