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

1. You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit.
and Loss Accounts (4000-2222). ) being
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules?

A) The rules will validate and apply to new and existing accounts. Xs
B) You need to run the Cross-Validation Rules Process to list and optionally disable combinations a
C) There is no need to create cross-validation rules if Dynamic Combination Creation eek. fs ; enabted for your chart of accounts instance. 1 & You need to run the Cross-Validation Rule Violations process to allow rules te apely lind combinations that violate rules.
D) The rules validate and apply to new accounts only

2. How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A) If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
B) Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
C) CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
D) CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

3. Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

A) Controller
B) General Accountant Manager
C) Business Intelligence Administrator (BI Admin)
D) Financial Analyst
E) General Accountant

4. What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose Two)

A) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
B) General Ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
C) You No longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of Accounts.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of Accounts mapping rules.

5. 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) Cost center
C) Intercompany Segment -
D) Secondary Balancing
E) Natural Account _

Solutions: