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

1. Which feature outside of reporting and analysis leverages the Essbase cube?

A) Revaluations and translation of revalue and translate currencies stored in the Essbase cube
B) period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
C) Calculation manager to perform allocations based on multidimensional balances and budgets
D) Journal entries and journal approval to create journals that update balances to the cube directly.

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

3. The Accounting Manager requests that a schedule be created to automate.ca.ly post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?

A) Journal Source
B) Journal Category
C) Journal Batch
D) Journal Description

4. On which three occasions are Essbase balances updated? (Choose three.)

A) every time you open a new period
B) every time you run the batch program called "Update Essbase Balances"
C) every time journals are posted to the general ledger
D) every time the tree version is published

5. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities. What type of report will provide this type of information?

A) an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B) Journal Reports
C) Aging Reports
D) Account Analysis Report

Solutions: