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

1. The Accounting Manager requests that a schedule be created to automate.ca.ly post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

A) Journal Category
B) Journal Source
C) Journal Batch
D) Journal Description

2. Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
B) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
C) If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
D) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
E) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

3. When working with Essbase, versions of the tree hierarchy as defined in the fusion not available in the Essbase balances cube. What should you do to correct this situation?

A) Make sure the tree version was published successfully
B) Redeploy the chart of accounts.
C) Make sure the tree is active.
D) Make sure to flatten the rows of the tree version

4. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)

A) The Account Rule's conditions are not defined
B) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
C) The Account Rule's Chart of Accounts have no account values assigned
D) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

5. 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

Solutions: