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

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

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

3. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the default accounting attribute assignment?

A) Event Class
B) Journal Entry
C) Journal line Rule
D) Journal Entry Rule Set
E) Event Type

4. You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. what would be your recommendation when defining ledgers?

A) Define Balane-level Reporting currencies in the more stable currency and run Translation as often as you need.
B) Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) User Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

5. Management wants to use the budget transfer function available on the Review Budgetary control Which privilege is required to perform the budget transfer?

A) Import Budget Amounts (XCC_IMPORT_BUDGET_AMOUNTS_PRIV)
B) Manage Control Budgets (XCC_HANAGI_CONIROL_BUDGrs.PRIV)
C) Import Budget Amount from Spreadsheet (XCC_IMPORT_BUDET_FROM_SPREADSHEET_PRIV)
D) Budget Loading (XCC_BUDGET_LOADING_DUiPRIV)

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