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

1. There is a business requirement for a subsidiary company to report to the parent company basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Adjustment only level
B) Spreadsheet level
C) Balances Level
D) Subledger level
E) Journal Level

2. You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

A) the approvers who will approve intercompany transactions
B) automatic or manual batch numbering and the minimum transaction amount
C) whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
D) automatic or manual batch numbering and the maximum transaction amount
E) whether to allow receivers to reject intercompany transactions

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

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

5. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Smart View
B) Oracle Data Visualization Cloud Service
C) Financial Reporting Center
D) Business Intelligence Publisher (BI Publisher)

Solutions: