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

1. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.

A) Natural Account _
B) Secondary Balancing
C) Primary Balancing
D) Intercompany Segment -
E) Cost center


2. After Loading your ledger data into General Ledger cloud, you can view budget balances using those features. Which feature does not belong on list?

A) Application Development framework Desktop Integration Budget Balances Report
B) Smart View
C) Account Monitor
D) Account Inspector


3. The Accounting Manager requests that a schedule be created to automate.ca.ly post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

A) Journal Description
B) Journal Category
C) Journal Batch
D) Journal Source


4. Your company has two legal entities in the US (Balancing Segment Value (BSV 101 and 102) one legal entity in France (BSV 401) and one legal entity in the UK (BSV 402) Both US legal entities share the same ledger, whereas the UK and France have their own ledgers Assuming intercompany transactions are not being entered, what is the minimal action you can take to still configure the ledger correctly?

A) You should assign a balancing segment value to identify each legal entity in the US ledger
B) You should assign the balancing segment value to the ledger in the US and assign the balancing segment value to identify each legal entity in the UK and France Ledgers
C) You should assign a balancing segment value to identify each legal entity in the US and assign balancing segment value to the ledger in the UK and France
D) You should assign a balancing segment value to identify each legal entity in each ledger


5. You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

A) Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
B) Create your AutoPost criteria using minimal sources and categories
C) Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
D) Schedule your AutoPost Criteria set to run during off-peak hours only


Solutions:

Question # 1
Answer: A,C,E
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: B,C
Question # 5
Answer: A,C

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