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Oracle 1Z0-1054-21 Exam Syllabus Topics:

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

Question 1

What Is Oracle Essbase?

A. A data ware house
B. A robust reporting and analysis tool
C. A relational database
D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger

Question 2

You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of$2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD.
An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

A. No change
B. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
C. The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
D. Funds reservation only happens for non-matched invoices, so the system will not reserve funds

Question 3

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses is Australia, New Zealand, and Singapore with a ledger in each country with a Corporate Chart of Account instance that has four segments. Which three statements are true regarding the creation of a control budget?

A. A Control Budget Can be associated with a different calendar than accounting calendar.
B. A Control Budget can allow override rules only if the control level is absolute.
C. Control Budget are always absolute to generate encumbrance accounting.
D. The control Budget structure has all the chart of accounts segments as budget segments.
E. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand and Singapore.

Question 4

Identify three Differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Application (OBIA).

A. OTBI allows you to create custom reports from real-time transactional data against the database directly.
B. OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.
C. OBIA works for multiple sources including E-business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications.
D. Cloud customers can use both OTBI and OBIA
E. Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance.

Question 5

Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A. Oracle Data Visualization Cloud Service
B. Financial Reporting Center
C. Business Intelligence Publisher (BI Publisher)
D. Smart View

Solutions: