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Last Updated: Oct 19, 2026
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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Security and Configuration | - Implementation setup tasks
|
| Journal Processing | - Journal imports
|
| Enterprise Structures and Setup | - Ledger configuration
|
| Subledger Accounting | - Accounting rules
|
| Period Close Process | - Close activities
|
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
- A. ROLE MAPPINGS
- B. ACCESS POLICY MANAGER'S ROLE GENERATION
- C. DATA ROLES
- D. ORACLE IDENTITY MANAGER ROLES ASSIGNMENT
- E. YOU CANNOT REASSIGN CONTINGENT WORKERS
Correct Answer: A 🗳️
How do you hide accounts with no balances showing #Missing in Smart view?
- A. Use Excel functions to hide rows with #Missing assigned
- B. This indicates a database connection issue
- C. Select the Data/Missing check box in the Data Options tab
- D. Choose the Suppress Zeros option under Data options
Correct Answer: C 🗳️
Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?
- A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
- B. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
- C. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
- D. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- E. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Correct Answer: 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 to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
- C. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
- D. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
Correct Answer: B 🗳️
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- B. Journal entries and journal approval to create journals that update balances to the cube directly.
- C. Calculation manager to perform allocations based on multidimensional balances and budgets
- D. Revaluations and translation of revalue and translate currencies stored in the Essbase cube
Correct Answer: D 🗳️
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