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

1. You want to monitor the close process if all your financial subledgers and ledgers. How can you quickly obtain this information?

A) Use the Manage Accounting Periods page to view the status all subledgers and ledgers
B) Use Close Monitor in General Accounting Dashboard
C) Access each subledgers' calendar and General Ledgers' Manage Accounting Periods page to view the status of each period
D) Run Closing Status Reports

2. You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A) Create an Account Group using Account Monitor
B) Use Account Inspector
C) Perform an account analysis online
D) Open a Smart View file saved on your desktop

3. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)

A) The Account Rule's conditions are not defined
B) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
C) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
D) The Account Rule's Chart of Accounts have no account values assigned

4. After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?

A) Application Development framework Desktop Integration Budget Balances Report
B) Account Inspector
C) Account Monitor
D) Smart View

5. Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment level Which two recommendations would you give your customer?

A) When entering journals manually, the customer will need to make sure that debits and credits
B) Every journal where debits do not equal credits across the three balancing segments will need
C) Additional intercompany balancing and clearing options will need to be defined. Z
D) Additional intercompany rules will need to be defined for the two additional balancing segment

Solutions: