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

1. The Budget Manager specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the budget Account Monitor Page?

A) Budget Controller
B) Budget Account Group
C) Application Development Framework Desktop Integration (Adfdi)
D) Account Group
E) Budget Group

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

3. Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
B) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
C) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
D) If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
E) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward

4. When working with Essbase, versions of the tree hierarchy as defined in the fusion not available in the Essbase balances cube. What should you do to correct this situation?

A) Make sure the tree version was published successfully
B) Redeploy the chart of accounts.
C) Make sure to flatten the rows of the tree version
D) Make sure the tree is active.

5. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)

A) The Account Rule's conditions are not defined
B) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
C) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
D) The Account Rule's Chart of Accounts have no account values assigned

Solutions: