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

1. You need to distribute departmental expense reports to l00 department managers in your organization.
The report format is the same, but the department values differ. What in the most efficient way to achieve this?

A) Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it:
to run for every department. Send the different batch outputs as PDF attachments via email to different users.
B) Set up Bursting Options for your batch to prepare multiple versions of a report from a single process
C) When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department
D) Create a single report for all departments. When department managers log in to Financial Reporting Center, they will only be able to view their department's data based on Segment Value Security Rules.

2. You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A) Open a Smart View file saved on your desktop
B) Perform an account analysis online
C) Create an Account Group using Account Monitor
D) Use Account Inspector

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

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

4. Your company has a legal entity in the UK, US, and Canada. They can all share the chart of Accounts but are required to transact and report In their local currency. :
What Is the minimum number of ledgers you need and why?

A) Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
B) Three, because each requires a different currency.
C) One, because they can all share the same chart of accounts.
D) Two, because the US and Canada can share the same ledger because they are in north America

5. You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

A) Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
B) Use OTBI to create multiple reports that you save to a folder that only the users can access
C) Create a Smart view report, where the various sheets represent the different Financial Statements and send them the spreadsheet
D) Use a report batch to run reports at a specific time to create a set of snapshot reports
E) Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

Solutions: