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

1. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)

A) The Account Rule's conditions are not defined
B) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
C) The Account Rule's Chart of Accounts have no account values assigned
D) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.

2. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority. What should be implemented for this type of security?

A) Data Access Sets
B) Role-Based Access
C) Segment Value Security
D) Cross-Validation Rules

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

4. you need to define a chart of accounts includes a intercompany segment. Your customer plans to use segment value security rules for the company segment. What is Oracle's recommended method to define this chart of accounts?

A) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B) Define the company segment only and qualify it as both primary balancing segment and intercompany segment.
C) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
D) Define Two Different Chart of Accounts

5. You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

A) Banks, Bank Accounts, and Branches
B) complete Accounting Configuration
C) Suppliers and Customers
D) chart of account values, accounting calendar, and ledger
E) setup data for Receivables and Payables product

Solutions: