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

1. What is the most efficient way to add a new year to the accounting calendar?

A) The application automatically populates the next year when you open the first
B) Import the periods from a spreadsheet
C) Add the periods manually
D) Use the Add Year button

2. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities. What type of report will provide this type of information?

A) an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B) Account Analysis Report
C) Journal Reports
D) Aging Reports

3. Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?

A) The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
B) The actual accounting date was set up under the encumbrance accounting Default Date Rule
C) The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
D) The sub ledger accounting option is set to system date

4. You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

A) It is fine to have the same child value roll up to two or more different parent values
B) The tree should have at least two tree versions to reduce report and allocation maintenance
C) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
D) You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
E) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes

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

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

Solutions: