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

1. In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

A) Oracle Transactions Business Intelligence
B) Financial Reporting Studio
C) Application Composer
D) Oracle Enterprise Repository
E) Smart View

2. Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

A) Invoice type will have less funds available by $400 USD
B) Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD
C) Only obligation type will have $400 USD funds available
D) $400 USD will be expired and not available for use
E) $400 USD will be added back to available funds

3. 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

4. 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 Budgetary Controi or Encumbrance Accounting
B) Enable Encumbrance Accounting only
C) Enable Budgetary Control and Encumbrance Accounting
D) Enable Budgets in General Ledger
E) Enable Budgetary Control only

5. Which Subject area has been enhanced to allow you to drill down from OTBI General Report to a General Journal?

A) General Ledger - Journal Real Time
B) General Ledger - Journal Balances Real Time
C) General Ledger - Journal Transaction Balances Real Time
D) General Ledger - Summary Balances Real Time

Solutions: