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

1. Which feature outside of reporting and analysis leverages the Essbase cube?

A) Calculation manager to perform allocations based on multidimensional balances and budgets
B) Revaluations and translation of revalue and translate currencies stored in the Essbase cube
C) Journal entries and journal approval to create journals that update balances to the cube directly.
D) period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync

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

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

3. You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates

A) Import daily rates through the Daily Rates open interface table
B) Use the spreadsheet loader from the Currency Rates Manager
C) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
D) Edit existing transactions and update the rates manually
E) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area

4. Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

A) Management Chain approval
B) Cost center based approval
C) Dynamic Approval Groups
D) Supervisory level approval

5. Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use. What setup is required to achieve this requireme

A) Create a summary budget annually with advisory control and control budget monthly with absolute control.
B) Create two detail control budgets: annually with absolute control and monthly with advisory or trackcontrol.
C) Create an annual budget with absolute control and so encumbrance accounting will work.
D) Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
E) Create two detail control budgets: annually with advisory/track control and monthly with absolute control.

Solutions: