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

1. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting. What is Oracle's recommended method for doing this?

A) Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
B) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
C) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
D) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions

2. Which two statements are true regarding infotiles and infolets?

A) Infolets are accessed only from the Newsfeed homepage layout.
B) You can create your own user defined Infolets.
C) Infotiles have Front view, Back view, and Expanded view.
D) You can refresh infolets to see up-to-date data.
E) Infotiles pull data from Oracle Transactional Business Intelligence Analyses.

3. Identify three Differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Application (OBIA).

A) Cloud customers can use both OTBI and OBIA
B) Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance.
C) OBIA works for multiple sources including E-business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications.
D) OTBI allows you to create custom reports from real-time transactional data against the database directly.
E) OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.

4. Which two statements are true regarding how intercompany balancing rule, are defined? (Choose Two)

A) All Ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules
B) You can only define balancing rules for different journals sources. You cannot define balancing rules for different journal categories
C) you can define different rules for different chart of accounts, ledgers, legal entities, and primary balancing segment value.
D) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

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

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

Solutions: