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

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

2. You need to setup a calendar for fiscal year Apr-XX to Mar-YY where YY is the following year and you would like the periods to be named accounting to the year they fall in What Calendar format should you choose?

A) Calendar
B) Year
C) Fiscal
D) Period

3. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A) Specify Run Time Prompts (RTP)
B) Only specify segment values in formulas
C) Always use the Outer Point of View (POV)
D) Never use the Outer Point of View (POV)

4. How do you hide accounts with no balances showing #Missing in Smart view?

A) This indicates a database connection issue
B) Select the Data/Missing check box in the Data Options tab
C) Choose the Suppress Zeros option under Data options
D) Use Excel functions to hide rows with #Missing assigned

5. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) ORACLE IDENTITY MANAGER ROLES ASSIGNMENT
B) ROLE MAPPINGS
C) YOU CANNOT REASSIGN CONTINGENT WORKERS
D) DATA ROLES
E) ACCESS POLICY MANAGER'S ROLE GENERATION

Solutions: