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

1. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A) integration with transactions from external feeder systems
B) data access and security
C) cross-validation rules
D) chart of accounts master data maintenance
E) chart of accounts hierarchy maintenance

2. Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment level Which two recommendations would you give your customer?

A) Every journal where debits do not equal credits across the three balancing segments will need
B) When entering journals manually, the customer will need to make sure that debits and credits
C) Additional intercompany balancing and clearing options will need to be defined. Z
D) Additional intercompany rules will need to be defined for the two additional balancing segment

3. Identify three Differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Application (OBIA).

A) Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance.
B) OBIA works for multiple sources including E-business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications.
C) OTBI allows you to create custom reports from real-time transactional data against the database directly.
D) Cloud customers can use both OTBI and OBIA
E) OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.

4. 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.

5. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Business Intelligence Publisher (BI Publisher)
B) Financial Reporting Center
C) Oracle Data Visualization Cloud Service
D) Smart View

Solutions: