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

1. What is the most efficient way to add a new year to the accounting calendar?

A) The application automatically populates the next year when you open the first
B) Import the periods from a spreadsheet
C) Add the periods manually
D) Use the Add Year button

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

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

3. Which two statements are true regarding infotiles and infolets?

A) Infotiles pull data from Oracle Transactional Business Intelligence Analyses.
B) Infotiles have Front view, Back view, and Expanded view.
C) You can create your own user defined Infolets.
D) Infolets are accessed only from the Newsfeed homepage layout.
E) You can refresh infolets to see up-to-date data.

4. Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period- to-date (PTD) method of revaluation tor your income statement accounts. When should you reverse revaluation journals, if at all required

A) Both balance sheet and income statement revaluation journals should be reversed in the period
B) Never, because each period's revaluation adjustment is just for that period
C) The reversals must be done at the end of each quarter
D) Reverse them in the same period as the revaluation run

5. How can your Accounting Manager expedite journal processing during the time-critical month-end close?

A) by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
B) by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
C) by running the Journals report using Business Intelligence Publisher
D) by using the Close Status monitor to drill down on the close status across ledgers

Solutions: