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

1. You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason

A) Accounting Configuration was not submitted
B) Two tree versions were not defined
C) Chart of accounts was not deployed
D) An Audit process needs to be successfully performed before a tree version can be set to Active

2. You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for
$300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

A) The purchase order is Liquidated and the invoice is Partially Reserved
B) Both are reserved
C) The purchase order is Partially Liquidated and the invoice will be Reserved
D) The purchase order is Open and the invoice is Validated
E) The purchase order is Partially Liquidated and the invoice is Partially Reserved

3. You want to enter budget date in General Ledger Cloud, which method is not supported?

A) Direct budet balance updaes from a Financial Stement in smart view
B) File-based Data import
C) Application Development framework Desktop Integration (ADFdi)
D) Entering Budget Journal

4. Which two types of journals can be automatically routed through the journal approval process

A) Allocation journals
B) Journals imported from third-party systems
C) Sub ledger journals
D) Revaluation journals
E) Manual journals

5. You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

A) Create the accounting in the source system and then import the journal entries into subledger accounting
B) Determine the accounting impact of transactions
C) Capture accounting events
D) Analyze external system transactions

Solutions: