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

1. 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.

2. Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was
4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated
5/5/16.What is causing this?

A) The actual accounting date was set up under the encumbrance accounting Default Date Rule
B) The sub ledger accounting option is set to system date
C) The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule
D) The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

3. Journal Description Rules are assigned to Subledger Journal Entry Rule Sets. What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

A) Journal Line Rules
B) Account Rules
C) Chart of Accounts
D) Supporting References
E) Accounting Date

4. You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A) You can use hierarchies to define rules
B) The Segment Value Security rules do not take effect until you assign the rules to users and products
C) When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
D) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts

5. The Accounting Manager requests that a schedule be created to automate.ca.ly post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

A) Journal Batch
B) Journal Source
C) Journal Category
D) Journal Description

Solutions: