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

1. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.

A) Primary Balancing
B) Secondary Balancing
C) Natural Account _
D) Intercompany Segment -
E) Cost center

2. Account combinations can be created and/or modified using the Import Account Combinations file- based data import (FBDI).Which represents the appropriate upload steps?

A) Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
B) Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
C) Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
D) Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.

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

4. Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)

A) Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
B) While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
C) While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
D) Define budgetary control at ledger level and only encumbrance control at the business units
E) While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
F) Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit

5. you are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as intercompany sales. Which two statements are correct? (Choose Two)

A) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that intercompany balancing will always find a rule to use to generate balancing accounts.
B) you can create a rule for all sources and categories by selecting the source "Other" and the category
"Other".
C) if you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value
D) You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work

Solutions: