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

1. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?

A) Allow Expansion
B) Nothing. All report balances are drillable in all FR Studio reports
C) Drill Through in Grid Properties
D) Report Functions

2. Which three reporting tools are based on real-time data or balances?

A) Smart view
B) Oracle Financial Reporting (FR)
C) Oracle Transactional Business Intelligence (OTBI)
D) Business Intelligence Publisher (BI Publisher)
E) Oracle Business Intelligence Applications (??IA)

3. Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Business Units functions
B) None
C) Reference Data Sets
D) Data Access Sets

4. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting. What is Oracle's recommended method for doing this?

A) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
B) Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
C) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
D) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment

5. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction type
B) the transaction source
C) the transaction batch
D) the transaction category

Solutions: