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Last Updated: Sep 08, 2026
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Oracle 1Z0-1054-21 Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Budgetary Control and Encumbrance Accounting | - Configure Budgetary Control - Funds Check Processing - Control Budgets - Encumbrance Accounting |
| Period Close | - Manage Accounting Periods - Perform Period Close Activities - Close Monitoring and Reporting |
| Intercompany Processing | - Process Intercompany Transactions - Configure Intercompany Balancing Rules - Intercompany Reconciliation |
| Configuring Enterprise and Financial Reporting Structures | - Manage Legal Authorities and Legal Entities - Manage Account Hierarchies - Manage Chart of Accounts - Manage Legal Jurisdictions - Manage Ledgers - Manage Geographies - Manage Accounting Calendars |
| Configuring Ledgers | - Define Ledger Options - Manage Ledger Sets - Configure Secondary Ledgers - Configure Reporting Currencies |
| Journal Processing | - Allocation Rules - Create and Manage Journals - Journal Import and Posting - Recurring Journals - Configure Journal Approval |
| Financial Reporting | - Financial Statement Generation - Smart View Reporting - Account Groups and Reports - Financial Reporting Studio |
Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)
- A. Use the Rapid Implementation spreadsheet when creating your enterprise structure
- B. Deploy your chart of accounts
- C. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
- D. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
- E. Use HCM's Enterprise Structure Configurator (ESC) first
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
- A. The Segment Value Security rules do not take effect until you assign the rules to users and products
- B. You can use hierarchies to define rules
- C. When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
- D. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
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.)
- A. Account Rules
- B. Chart of Accounts
- C. Supporting References
- D. Accounting Date
- E. Journal Line Rules
You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?
- A. Open a Smart View file saved on your desktop
- B. Use Account Inspector
- C. Create an Account Group using Account Monitor
- D. Perform an account analysis online
Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)
- A. Business Intelligence Administrator (BI Admin)
- B. Controller
- C. General Accountant
- D. Financial Analyst
- E. General Accountant Manager
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