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

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

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

2. Your Customer has three legal entities, 50 Departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended best practice when implementing: a new chart of accounts? How many segments and what segment qualifiers should be used?

A) Define five segments for the company, department, natural account, intercompany segment and future segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment, intercompany segment an no qualifier respectively.
B) Define four segments for the company, department, natural account and intercompany segment. The qualifiers should be primary balancing segment , cost center segment, natural account segment and intercompany segment respectively
C) Define Three segments for the company, department, and natural accounts. The qualifiers should be primary balancing segment, intercompany segment, cost center segment, and natural account segment, respectively
D) Define Three segments for the company, department, and natural accounts, the qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively

3. Which reporting tool is best suited for submitting high-volume transactions reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

A) Financial Reporting Center
B) Business Intelligence Publisher (BI Publisher)
C) Oracle Data Visualization Cloud Service
D) Smart View

4. In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A) They can format each table by hiding and showing columns, moving columns, and resizing columns
B) They can have the System Administration customize pages for them using Page Composer
C) They can use Personalization to move and remove regions from those pages
D) Users have very little control their Springboards and Work Areas; they can only resize columns

5. Your customer is reconciling their Intercompany Receivables accounts. Which two reports should they use in addition to using the intercompany Reconciliation report?

A) AR Aging report
B) Receivables to General Ledger Reconciliation report
C) General Ledger Trial Balance report
D) Receivables Aging by General Ledger Account report

Solutions: