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

1. You want to enter budget date in General Ledger Cloud, which method is not supported?

A) Application Development framework Desktop Integration (ADFdi)
B) Direct budet balance updaes from a Financial Stement in smart view
C) Entering Budget Journal
D) File-based Data import


2. Which tool can you use to create a Financial Income Statement?.

A) One View Reporting
B) Rapid Implementation Enterprise Structures setup
C) Account Inspector
D) PS/nVision


3. Which two statements are true regarding infotiles and infolets?

A) You can create your own user defined Infolets.
B) Infotiles pull data from Oracle Transactional Business Intelligence Analyses.
C) Infolets are accessed only from the Newsfeed homepage layout.
D) You can refresh infolets to see up-to-date data.
E) Infotiles have Front view, Back view, and Expanded view.


4. Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

A) Additional intercompany rules will need to be defined for the two additional balancing segments
B) Define Ledger balancing options to balance by second and third balancing segments
C) Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
D) When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal


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


Solutions:

Question # 1
Answer: C
Question # 2
Answer: A
Question # 3
Answer: A,E
Question # 4
Answer: A,D
Question # 5
Answer: C

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