1Z0-1054-21 Exam Training Practice Tests (Oracle Financials Cloud: General Ledger 2021 Implementation Essentials)]

Question 1

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

A. Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance. B. OTBI allows you to create custom reports from real-time transactional data against the database directly. 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. OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.

Correct Answer: B,C,E

Question 2

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A. integration with transactions from external feeder systems B. chart of accounts hierarchy maintenance C. data access and security D. cross-validation rules E. chart of accounts master data maintenance

Correct Answer: B,E

Question 3

Management wants to use the budget transfer function available on the Review Budgetary control Which privilege is required to perform the budget transfer?

A. Budget Loading (XCC_BUDGET_LOADING_DUiPRIV) B. Import Budget Amount from Spreadsheet (XCC_IMPORT_BUDET_FROM_SPREADSHEET_PRIV) C. Import Budget Amounts (XCC_IMPORT_BUDGET_AMOUNTS_PRIV) D. Manage Control Budgets (XCC_HANAGI_CONIROL_BUDGrs.PRIV)

Correct Answer: B

Question 4

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

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

Correct Answer: B,C

Question 5

You want to define an allocation rule where segment values are constants (or rules and formulas. What should you do?

A. Only specify segment values in formulas. B. Always use the Outer Point of View (POV) C. Never use the Outer Point of View (POV) D. Specify Run Time Prompts (RTP)

Correct Answer: B

Question 6

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

Correct Answer: D

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