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

1. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction type
B) the transaction source
C) the transaction batch
D) the transaction category

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

A) 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
B) The Segment Value Security rules do not take effect until you assign the rules to users and products
C) You can use hierarchies to define rules
D) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts

3. What is most efficient way to add a new year to the accounting calendar?

A) The Application automatically populates the year when you open the first period of a new fiscal year.
B) Import the periods from a spreadsheet
C) Use the Add Year button
D) Add the periods manually

4. Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses is Australia, New Zealand, and Singapore with a ledger in each country with a Corporate Chart of Account instance that has four segments. Which three statements are true regarding the creation of a control budget?

A) A Control Budget Can be associated with a different calendar than accounting calendar.
B) Control Budget are always absolute to generate encumbrance accounting.
C) The control Budget structure has all the chart of accounts segments as budget segments.
D) A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand and Singapore.
E) A Control Budget can allow override rules only if the control level is absolute.

5. You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

A) You must re-deploy the chart of accounts
B) A Data Access Set with full read/write access to the ledger is automatically created
C) You must assign the job role and data security context to each user
D) You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration

Solutions: