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

1. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A) chart of accounts hierarchy maintenance
B) chart of accounts master data maintenance
C) data access and security
D) cross-validation rules
E) integration with transactions from external feeder systems

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

3. While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program. What are the two events?

A) Requisition approved
B) Requisition rejected by the buyer
C) Submit the requisition for approval
D) Funds check
E) Checkout and Save the requisition
F) Create change request on the requisition after submitting requisition for approval

4. 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) 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
B) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
C) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
D) 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.
E) 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.

5. While Creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose Two)

A) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
B) The Account Rule's conditions are not defined
C) The Account Rule is defined with a different chart of Accounts from the Journal Entry Rule Set.
D) The Account Rule's Chart of Accounts have no account values assigned

Solutions: