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

1. Which two types of journals can be automatically routed through the journal approval process

A) Journals imported from third-party systems
B) Revaluation journals
C) Sub ledger journals
D) Manual journals
E) Allocation journals

2. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
B) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management
C) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period
D) Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period

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

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

4. 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 Batch
B) Journal Description
C) Journal Category
D) Journal Source

5. Management wants to use the budget transfer function available on the Review Budgetary control Which privilege is required to perform the budget transfer?

A) Import Budget Amounts (XCC_IMPORT_BUDGET_AMOUNTS_PRIV)
B) Budget Loading (XCC_BUDGET_LOADING_DUiPRIV)
C) Manage Control Budgets (XCC_HANAGI_CONIROL_BUDGrs.PRIV)
D) Import Budget Amount from Spreadsheet (XCC_IMPORT_BUDET_FROM_SPREADSHEET_PRIV)

Solutions: