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Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:
1. What type of user must be defined before you can create an Implementation Project?
A) A full-time employee that has the FSM Superuser role assigned
B) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject
C) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
D) All roles that will be used throughout the implementationImplementation Users
2. How do you hide accounts with no balances showing #Missing in Smart view?
A) Choose the Suppress Zeros option under Data options.
B) Select the Data/Missing check box in the Data Options tab.
C) This indicates a database connection issue. Try to reconnect to Fusion Applications.
D) Use Excel functions to hide rows with #Missing assigned
3. Your customer wants to enable real-time spending controls for transaction amount but does not need General Ledger journals or balances for purchase orders and requisitions Which implementation option should you suggest?
A) Enable Encumbrance Accounting only
B) Enable Budgets in General Ledger
C) Enable Budgetary Controi or Encumbrance Accounting
D) Enable Budgetary Control only
E) Enable Budgetary Control and Encumbrance Accounting
4. Your company has a legal entity in the UK, US, and Canada. They can all share the chart of Accounts but are required to transact and report In their local currency. :
What Is the minimum number of ledgers you need and why?
A) Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
B) Three, because each requires a different currency.
C) One, because they can all share the same chart of accounts.
D) Two, because the US and Canada can share the same ledger because they are in north America
5. Which two statements are true regarding the export/import of reports?
A) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
B) The export/import reports are available only for Fusion Customer Relationship Management.
C) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D) Reports on setup data can be used to compare and analyze how the data might have changed over time.
E) A set of reports lists user names, suppliers, and customers that have been exported/imported.
Solutions:
Question # 1 Answer: D | Question # 2 Answer: B | Question # 3 Answer: D | Question # 4 Answer: B | Question # 5 Answer: B,C |