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

1. Identify three functions of Functional Setup Manager.

A) Provide a central place to access and perform all of the setup steps across Cloud application products.
B) Centrally manage the close processes across subledgers and ledgers.
C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D) Assign setup tasks to individuals with due dates where users must manually update their completion status.
E) Automatically mark the status of tasks as Completed after they have been completed.

2. You need to build a complex account rule. Which four value types can you use in your definition?

A) Mapping Set
B) Constant
C) Value Set
D) Account Combination
E) Existing Account Rule
F) Source

3. Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

A) Dynamic Approval Groups
B) Management Chain approval
C) Supervisory level approval
D) Cost center based approval

4. 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) Cost center
C) Secondary Balancing
D) Intercompany Segment -
E) Primary Balancing

5. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting. What is Oracle's recommended method for doing this?

A) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
B) Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
C) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
D) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting

Solutions: