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

1. Which tool can you use to create a Financial Income Statement?.

A) Account Inspector
B) PS/nVision
C) One View Reporting
D) Rapid Implementation Enterprise Structures setup

2. You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A) Provider and Receiver distribution set -
B) Intercompany transaction type default accounts
C) the AutoAccounting Definition
D) the Transaction Account Definition g

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

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

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

5. Your Customer has three legal entities, 50 Departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing: a new chart of accounts? How many segments and what segment qualifiers should be used?

A) Define four segments for the company, department, natural account and intercompany segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment and intercompany segment respectively
B) Define Three segments for the company, department, and natural accounts. The qualifiers should be primary balancing segment, intercompany segment, cost center segment, and natural account segment, respectively
C) Define five segments for the company, department, natural account, intercompany segment and future segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment, intercompany segment an no qualifier respectively.
D) Define Three segments for the company, department, and natural accounts, the qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively

Solutions: