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

1. You need to build a complex account rule. Which four value types can you use in your definition?

A) Constant
B) Mapping Set
C) Value Set
D) Existing Account Rule
E) Source
F) Account Combination

2. Your are setting up Close Monitor, which comprises a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose Two)

A) Chart of Account, Currency, Accounting Calendar, and Sub ledger Accounting Method
B) Chart of Accounts and Business Units
C) Legal Entities, Business Units, and Chart of Accounts,
D) Chart of Accounts
E) Accounting Calendar

3. After loading your budget data into General Ledger Cloud, you can view budget balances using these features.?

A) ADFDI Budget Balance Report
B) Smart View
C) Account Inspector
D) Account Monitor

4. Alter submitting the journal for approval, you realize that the department value in the journal incorrect.
How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal
B) Update the journal through workflow
C) Reverse the journaland create a new one
D) Delete the journal and create a new journal

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

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

Solutions: