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

1. The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

A) Deactivate the value
B) Run the "Update Balance Cube Chart of the Accounting Dimension" program
C) Run the "Correct Misclassified Account" program
D) Run the "Segment Value Inheritance" program

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

3. You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform to prevent duplicate accounting entries?

A) Define Journal Conversion Rules that include subledgers to transfer subledger transaction
B) Define Supporting References with balances.
C) Define Journal Conversion Rules that exclude subledgers.
D) Go to Manage Subledger Accounting Options, locate your created Secondary ledger and disable the Subledger accounting enabled for each component.
E) Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger.

4. 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

5. You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of sub ledger. Which two actions should you now perform? (Choose two.)

A) Assign a Sub ledger Accounting Method to the secondary ledger
B) Define Journal Conversation Rules that include sub ledgers in order to transfer sub ledger transactions
C) Define Supporting References with balances
D) Define Journal Conversation Rules that exclude sub ledgers
E) Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

Solutions: