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

1. What Is Oracle Essbase?

A) A relational database
B) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
C) A robust reporting and analysis tool
D) A data ware house

2. In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A) They can have the System Administration customize pages for them using Page Composer
B) They can use Personalization to move and remove regions from those pages
C) They can format each table by hiding and showing columns, moving columns, and resizing columns
D) Users have very little control their Springboards and Work Areas; they can only resize columns

3. While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program. What are the two events?

A) Submit the requisition for approval
B) Checkout and Save the requisition
C) Create change request on the requisition after submitting requisition for approval
D) Requisition rejected by the buyer
E) Requisition approved
F) Funds check

4. What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose Two)

A) Integrating with third-party systems is easier because the Essbase cube provides chart of Accounts mapping rules.
B) You No longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of Accounts.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) General Ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

5. Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

A) Additional intercompany rules will need to be defined for the two additional balancing segments
B) When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
C) Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
D) Define Ledger balancing options to balance by second and third balancing segments

Solutions: