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

1. our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)

A) Account Inspector
B) Smart View
C) OTBI
D) Account Monitor
E) Sunburst Report

2. You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel invoice. What happened to funds available when you cancel and invoice that requires budgetary control?

A) The Budget and funds available will increase by USD 100.
B) The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed by USD 100
C) The Budget will increase by USD 100 ad the funds available will decrease by USD 100
D) funds Available will change when the invoice is approved

3. Which tool can you use to create a Financial Income Statement?

A) One View Reporting
B) Account Inspector
C) Rapid Implementation Enterprise Structure Setup
D) PS/nVision

4. 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 Category
B) Journal Source
C) Journal Description
D) Journal Batch

5. 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 to flatten the rows of the tree version
B) Make sure the tree version was published successfully
C) Make sure the tree is active.
D) Redeploy the chart of accounts.

Solutions: