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

1. How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A) CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
B) Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
C) If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
D) CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

2. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) ACCESS POLICY MANAGER'S ROLE GENERATION
B) YOU CANNOT REASSIGN CONTINGENT WORKERS
C) ORACLE IDENTITY MANAGER ROLES ASSIGNMENT
D) DATA ROLES
E) ROLE MAPPINGS

3. What is most efficient way to add a new year to the accounting calendar?

A) Import the periods from a spreadsheet
B) Use the Add Year button
C) Add the periods manually
D) The Application automatically populates the year when you open the first period of a new fiscal year.

4. You want to process multiple allocations at the same time. What feature do you use?

A) Rulesets
B) General Ledger Entries
C) Formulas
D) Point of View(POV)

5. Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

A) Journal entry spreadsheets are not impacted by this new function.
B) For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.
C) Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
D) Uncheck the Enable Posting from the Manage Subledger Accounting Options task.

Solutions: