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

1. How can your Accounting Manager expedite journal processing during the time-critical month-end close?

A) by running the Journals report using Business Intelligence Publisher
B) by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
C) by using the Close Status monitor to drill down on the close status across ledgers
D) by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)

2. The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

A) Run the "Segment Value Inheritance" program
B) Run the "Correct Misclassified Account" program
C) Run the "Update Balance Cube Chart of the Accounting Dimension" program
D) Deactivate the value

3. What Is Oracle Essbase?

A) A robust reporting and analysis tool
B) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
C) A data ware house
D) A relational database

4. Which three objectives must be considered when designing the chart of accounts? (Choose three.)

A) Anticipate growth and maintenance needs as organizational changes occur
B) Limit the number of segments to those you need today to reduce data entry
C) Effectively manage an organization's financial business
D) Consider implementing a single, global chart of accounts
E) Try to use all 30 segments and 25 characters per segment because you cannot change it later

5. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction source
B) the transaction batch
C) the transaction type
D) the transaction category

Solutions: