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

1. You want to monitor the close process if all your financial subledgers and ledgers. How can you quickly obtain this information?

A) Access each subledgers' calendar and General Ledgers' Manage Accounting Periods page to view the status of each period
B) Use Close Monitor in General Accounting Dashboard
C) Run Closing Status Reports
D) Use the Manage Accounting Periods page to view the status all subledgers and ledgers

2. What type of user must be defined before you can create an Implementation Project?

A) All roles that will be used throughout the implementationImplementation Users
B) None. The Fusion Applications Superuser, FAADMIN, has full access to create an ImplementationProject
C) None The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access
D) A full-time employee that has the FSM Superuser role assigned

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

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

4. Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use. What setup is required to achieve this requireme

A) Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
B) Create a summary budget annually with advisory control and control budget monthly with absolute control.
C) Create an annual budget with absolute control and so encumbrance accounting will work.
D) Create two detail control budgets: annually with absolute control and monthly with advisory or trackcontrol.
E) Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.

5. Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

A) Cost center based approval
B) Management Chain approval
C) Dynamic Approval Groups
D) Supervisory level approval

Solutions: