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

1. Your client has been using Budgetary Control for six months. Now, they want to use the: spend Authorization After opting in the new feature Spend Authorization with Budgetary Control, what additional field actions need to be accomplished to activate this feature? .

A) Rebuild the GL Balances Cube
B) Enable Payment Request Subtypes
C) Rebuild the Budgetary Control Cube.
D) Create a Payment Process Profile
E) Enable spend authorization

2. What type of user must be defined before you can create an Implementation Project?

A) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
B) A full-time employee that has the FSM Superuser role assigned
C) All roles that will be used throughout the implementationImplementation Users
D) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject

3. 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) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
B) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
C) 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
D) 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

4. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction source
B) the transaction category
C) the transaction type
D) the transaction batch

5. Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) None
B) Reference Data Sets
C) Business Units functions
D) Data Access Sets

Solutions: