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

1. Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct? (Choose two.)

A) While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
B) While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
C) While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
D) Define budgetary control at ledger level and only encumbrance control at the business units
E) Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
F) Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

2. Identify three Differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Application (OBIA).

A) OTBI allows you to create custom reports from real-time transactional data against the database directly.
B) OBIA is based on the universal data warehouse design with different prebilt adapters that can connect to various source application.
C) OBIA works for multiple sources including E-business Suite, PeopleSoft, JD Edwards, SAP and Fusion Applications.
D) Cloud customers can use both OTBI and OBIA
E) Both OBIA and OTBI provie a set of predefined reports and dashbards and a library of metrics that help to measure business perfrormance.

3. Your Company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers, You can typically map segments between your general Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A) No Data is Transferred.
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) Errors occur for unmapped segments, you must map multiple segments from source general ledgers to the target segments in Hyperion Financial Management
D) Data is summarized across segments that are not mapped to Hyperion Financials Management.

4. You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates

A) Edit existing transactions and update the rates manually
B) Import daily rates through the Daily Rates open interface table
C) Use the spreadsheet loader from the Currency Rates Manager
D) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area
E) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager

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

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

Solutions: