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

1. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the default accounting attribute assignment?

A) Journal Entry Rule Set
B) Journal line Rule
C) Event Class
D) Event Type
E) Journal Entry

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

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

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

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

4. Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

A) Run a Business Intelligence Publisher report with Excel as the output format
B) Use the Freeze on the tables to scroll through large amounts of data
C) Detach the table to resize it to the maximum size of the monitor.
D) Export the table to Excel

5. Which two statements are true regarding the Intercompany Reconciliation Report?

A) You can only drill down to the general ledger journal and then from there to the subledger: Journal transactions.
B) This report can be run using an additional Currency and conversion rate to converts all amount into a common Currency for comparison.
C) This report Includes Ledger balancing lines generated when the Primary balanced Segment value
{BSV) is in balance, but either the second or third BSVs are not.
D) This report displays the intercompany receivables and intercompany payables balances Summary for a period
E) This report displays only the reconciled transactions, You need to further process automatic reconciliation to reconcile the unreconciled

Solutions: