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

1. In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

A) Smart View
B) Application Composer
C) Financial Reporting Studio
D) Oracle Enterprise Repository
E) Oracle Transactions Business Intelligence

2. You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?

A) the AutoAccounting Definition
B) the Transaction Account Definition g
C) Intercompany transaction type default accounts
D) Provider and Receiver distribution set -

3. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.

A) Secondary Balancing
B) Intercompany Segment -
C) Primary Balancing
D) Natural Account _
E) Cost center

4. 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) Year
B) Calendar
C) Fiscal
D) Period

5. You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates

A) Edit existing transactions and update the rates manually
B) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area
C) Import daily rates through the Daily Rates open interface table
D) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
E) Use the spreadsheet loader from the Currency Rates Manager

Solutions: