Oracle 1Z0-1054-20 Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam Practice Test

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Total 102 questions

Question 1

Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.

What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)



Answer : C, D, E

Question 2

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.

What is Oracle's recommended method to define this chart of accounts?



Answer : D

Question 3

You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you

would like the periods to be named according to the year they fall in.

What Calendar format should you choose?



Answer : D

Question 4

You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet:

Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?



Answer : C

Question 5

You are defining an income statement report using Financial Reporting Studio. Users of the report need to be

able to analyze the balances directly from the report.

What should you enable to allow this?



Answer : C

Question 6

You want to monitor the close process of all financial subledgers and ledgers.

How can you quickly obtain this information?



Answer : B

Question 7

Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal

entity in France (BSV 401), and one legal entity in the UK (BSV 402).

Both US legal entities share the same ledger, whereas the UK and France have their own ledgers.

Assuming intercompany transactions are not being entered, what is the minimal action you can take and still

configure the ledgers correctly?



Answer : D

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Total 102 questions