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Oracle 1Z0-1054-21

1Z0-1054-21

Exam Code: 1Z0-1054-21

Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials

Updated: Oct 25, 2026

Q&A Number: 136 Q&As

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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

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

Question #1
You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)

A. Use Smart View, which is and Excel Add-on
B. when designing your financial statement using financial report (FR), embed a chart into your report.
C. When viewing the report, download to Excel and use Excel's charting features to create your bar graph
D. use Account Inspector that automatically creates graphs on financials balances


Question #2
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligences analysis? .

A. Reports and Analytics
B. Universal Content Management Workspace
C. Enterprise performance Management Workspace
D. Scheduled Processes
E. Business Process Management Workspace


Question #3
Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. Reference Data Sets
B. Data Access Sets
C. Business Units functions
D. None


Question #4
Account combinations can be created and/or modified using the Import Account Combinations file- based data import (FBDI).Which represents the appropriate upload steps?

A. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
B. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
C. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
D. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.


Question #5
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A. They can have the System Administration customize pages for them using Page Composer
B. Users have very little control their Springboards and Work Areas; they can only resize columns
C. They can use Personalization to move and remove regions from those pages
D. They can format each table by hiding and showing columns, moving columns, and resizing columns


Solutions:

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

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