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

1. Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting. What two security features should you use?

A) Segment Value Security
B) Data Access Sets using an Access Set Type of Primary Balancing Segment
C) Balancing Segment Value Assignment to Legal Entities
D) Cross-Validation Rules

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

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

3. Your customer wants to enable real-time spending controls for transaction amount but does not need General Ledger journals or balances for purchase orders and requisitions Which implementation option should you suggest?

A) Enable Budgetary Controi or Encumbrance Accounting
B) Enable Budgetary Control and Encumbrance Accounting
C) Enable Budgetary Control only
D) Enable Budgets in General Ledger
E) Enable Encumbrance Accounting only

4. You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

A) The budget journal spreadsheet
B) File Based Data Import
C) Enterprise Resource Budget Integrator
D) Application Developer Framework Desktop Integrator

5. The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?

A) Run the "Correct Misclassified Account" program
B) Run the "Segment Value Inheritance" program
C) Run the "Update Balance Cube Chart of the Accounting Dimension" program
D) Deactivate the value

Solutions: