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

1. You entered a journal and the client is asking for the following information: - the current Account balance - What the future account balance will be if the Journal is approved and poste how will you get this information?

A) Query the account balance online
B) View the Projected Balances region in the create Journals page.
C) Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger Balances
D) Run a Trial Balance before and after posting

2. You want to automatically port journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

A) Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times
B) Schedule your AutoPost Criteria set to run during off-peak hours only
C) Create your AutoPost criteria using minimal sources and categories
D) Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process

3. After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

A) Account Monitor
B) ADFDI Budget Balance Report
C) Account Inspector
D) Smart View

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

5. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions. Which three features facilitate this?

A) Financial Reports published to Excel
B) Online Transactional Business Intelligence
C) Account Monitor
D) Account Inspector
E) Smart View

Solutions: