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

  • Exam Code: 1Z0-1054-21
  • Exam Name: Oracle Financials Cloud: General Ledger 2021 Implementation Essentials
  • Updated: Jun 05, 2026
  • Q & A: 136 Questions and Answers

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

1. You need to build a complex account rule. Which four value types can you use in your definition?

A) Source
B) Existing Account Rule
C) Account Combination
D) Value Set
E) Mapping Set
F) Constant


2. Your customer is a financial Institution that needs to maintain average daily balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored in the Essbase cube
B) Average balances are stored for both subledger balances and general ledger balances
C) ADB provides organizations with the ability to track average and end-of-day balances, report average balance sheets, and create custom reports using both actual and average balances
D) Average balances are maintained for both actual and budget balances
E) When using ADB, you must define a daily calendar and assign it to your ADB ledger


3. You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

A) Create a Smart view report, where the various sheets represent the different Financial Statements and send them the spreadsheet
B) Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
C) Use a report batch to run reports at a specific time to create a set of snapshot reports
D) Use OTBI to create multiple reports that you save to a folder that only the users can access
E) Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee


4. Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

A) Use the Freeze on the tables to scroll through large amounts of data
B) Detach the table to resize it to the maximum size of the monitor.
C) Run a Business Intelligence Publisher report with Excel as the output format
D) Export the table to Excel


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

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


Solutions:

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

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