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Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)
A) Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
B) Create a Smart view report, where the various sheets represent the different Financial Statements and send them the spreadsheet
C) Use a report batch to run reports at a specific time to create a set of snapshot reports
D) Use OTBI to create multiple reports that you save to a folder that only the users can access
E) Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
2. 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) ROLE MAPPINGS
B) YOU CANNOT REASSIGN CONTINGENT WORKERS
C) ACCESS POLICY MANAGER'S ROLE GENERATION
D) ORACLE IDENTITY MANAGER ROLES ASSIGNMENT
E) DATA ROLES
3. Before Implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts, What's is a more automated approach to do this?
A) Run the intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
B) Run the BI publisher reports called intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
C) In Financials Cloud, you must manually reconcile your intercompany account balances
D) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
4. The general accountant Is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the list of account for the accountant to select in the Suspense Account.
What Is the reason for this?
A) The general accountant has a segment value security rule assigned which restricts access to the cost center.
B) A cross validation rule is in place to prevent the resulting combination from being created.
C) The general accountant does not have the Financials Application administrator role assigned therefore, has view-only privileges on this page. -
D) There Is a primary balancing segment attached to the legal entity of the primary ledger.
5. Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)
A) While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
B) Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
C) Define budgetary control at ledger level and only encumbrance control at the business units
D) While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
E) While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
F) Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
Solutions:
| Question # 1 Answer: A,C | Question # 2 Answer: A | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: B,C |






