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

1. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) The layout Template
B) The Style Template
C) The Data Model
D) Output type
E) The Data Source

2. Which two statements are true regarding how intercompany balancing rule, are defined? (Choose Two)

A) All Ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules
B) you can define different rules for different chart of accounts, ledgers, legal entities, and primary balancing segment value.
C) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
D) You can only define balancing rules for different journals sources. You cannot define balancing rules for different journal categories

3. In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

A) Smart View
B) Financial Reporting Studio
C) Application Composer
D) Oracle Transactions Business Intelligence
E) Oracle Enterprise Repository

4. Identify three functions of Functional Setup Manager.

A) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
B) Provide a central place to access and perform all of the setup steps across Cloud application products.
C) Assign setup tasks to individuals with due dates where users must manually update their completion status.
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Centrally manage the close processes across subledgers and ledgers.

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

Solutions: