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

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

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

2. During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.

A) Change and save the segment qualifier.
B) Delete the chart of accounts and create a new one.
C) Delete the segment and create a new segment with the correct qualifier.
D) Create a new chart of accounts.

3. You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree

A) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI)
B) It is fine to have the same child value roll up to two or more different parent values
C) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes
D) You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes
E) The tree should have at least two tree versions to reduce report and allocation maintenance

4. While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program. What are the two events?

A) Funds check
B) Submit the requisition for approval
C) Requisition rejected by the buyer
D) Checkout and Save the requisition
E) Requisition approved
F) Create change request on the requisition after submitting requisition for approval

5. You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

A) Analyze external system transactions
B) Create the accounting in the source system and then import the journal entries into subledger accounting
C) Determine the accounting impact of transactions
D) Capture accounting events

Solutions: