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

1. you are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as intercompany sales. Which two statements are correct? (Choose Two)

A) you can create a rule for all sources and categories by selecting the source "Other" and the category
"Other".
B) if you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value
C) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that intercompany balancing will always find a rule to use to generate balancing accounts.
D) You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work

2. You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?

A) Query the account balance online
B) Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
C) View the Projected Balances region in the create Journals page.
D) Run a Trial Balance before and after posting

3. Your Customer requires physical invoice to be generated in payables Cloud and Receivable Cloud for the intercompany payables and receivable transactions. Which two statements are correct with regards to selling this up?

A) you only need to assign the legal entity and organization chart
B) You must assign the corresponding Receivables and Payables Business Units.
C) you can only associate one Intercompany Organization per legal Entity.
D) You must have implemented Payables Cloud and Receivables Cloud.

4. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

A) Cross-Validation Rules
B) Segment Value Security
C) Data Access Sets
D) Role-Based Access

5. Which three reporting tools are based on real-time data or balances?

A) Oracle Business Intelligence Applications (??IA)
B) Oracle Financial Reporting (FR)
C) Oracle Transactional Business Intelligence (OTBI)
D) Smart view
E) Business Intelligence Publisher (BI Publisher)

Solutions: