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1Z0-1054-21 pdf
  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: May 29, 2026
  • Q & A: 136 Questions and Answers
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  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: May 29, 2026
  • Q & A: 136 Questions and Answers
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  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: May 29, 2026
  • Q & A: 136 Questions and Answers
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Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

1. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities. What type of report will provide this type of information?

A) an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B) Aging Reports
C) Account Analysis Report
D) Journal Reports


2. Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?

A) The sub ledger accounting option is set to system date
B) The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
C) The actual accounting date was set up under the encumbrance accounting Default Date Rule
D) The current transaction accounting date was set up under the encumbrance accounting Default Date Rule


3. You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. what would be your recommendation when defining ledgers?

A) Define Balane-level Reporting currencies in the more stable currency and run Translation as often as you need.
B) User Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
C) Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
D) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.


4. You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

A) A Data Access Set with full read/write access to the ledger is automatically created
B) You must re-deploy the chart of accounts
C) You must assign the job role and data security context to each user
D) You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration


5. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

A) Data Access Sets
B) Role-Based Access
C) Segment Value Security
D) Cross-Validation Rules


Solutions:

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

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