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

1. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A) Specify Run Time Prompts (RTP)
B) Never use the Outer Point of View (POV)
C) Always use the Outer Point of View (POV)
D) Only specify segment values in formulas

2. You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

A) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
B) Deploy your chart of accounts
C) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
D) Use the Rapid Implementation spreadsheet when creating your enterprise structure
E) Use HCM's Enterprise Structure Configurator (ESC) first

3. Budgetary control for account 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year2013. Which statement is true?

A) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
B) If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
C) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
D) If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
E) If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward

4. Your Customer requires physical invoice to be generated in payables Cloud and Receivable Cloud for the intercompany payables and receivable transactions. Which two statements are correct with regards to selling this up?

A) you can only associate one Intercompany Organization per legal Entity.
B) You must assign the corresponding Receivables and Payables Business Units.
C) you only need to assign the legal entity and organization chart
D) You must have implemented Payables Cloud and Receivables Cloud.

5. You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A) When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
B) You can use hierarchies to define rules
C) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
D) The Segment Value Security rules do not take effect until you assign the rules to users and products

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