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

Oracle 1Z0-1054-21 Actual PDF
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Sep 03, 2025
  • Q & A: 136 Questions and Answers
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Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

1. What is most efficient way to add a new year to the accounting calendar?

A) Use the Add Year button
B) The Application automatically populates the year when you open the first period of a new fiscal year.
C) Add the periods manually
D) Import the periods from a spreadsheet


2. You need to setup a calendar for fiscal year Apr-XX to Mar-YY where YY is the following year and you would like the periods to be named accounting to the year they fall in What Calendar format should you choose?

A) Fiscal
B) Period
C) Year
D) Calendar


3. Which two statements are true regarding the export/import of reports?

A) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
B) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
C) Reports on setup data can be used to compare and analyze how the data might have changed over time.
D) The export/import reports are available only for Fusion Customer Relationship Management.
E) A set of reports lists user names, suppliers, and customers that have been exported/imported.


4. Identify three functions of Functional Setup Manager.

A) Provide a central place to access and perform all of the setup steps across Cloud application products.
B) Centrally manage the close processes across subledgers and ledgers.
C) Automatically mark the status of tasks as Completed after they have been completed.
D) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
E) Assign setup tasks to individuals with due dates where users must manually update their completion status.


5. 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) Use the Rapid Implementation spreadsheet when creating your enterprise structure
B) Use HCM's Enterprise Structure Configurator (ESC) first
C) Deploy your chart of accounts
D) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
E) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets


Solutions:

Question # 1
Answer: A
Question # 2
Answer: A
Question # 3
Answer: B,D
Question # 4
Answer: B,C,D
Question # 5
Answer: A,B,C

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