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

1. You want to define an allocation rule where segment values are constants (or rules and formulas. What should you do?

A) Specify Run Time Prompts (RTP)
B) Always use the Outer Point of View (POV)
C) Never use the Outer Point of View (POV)
D) Only specify segment values in formulas.

2. You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A) When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products
B) You can use hierarchies to define rules
C) When you enable or disable Segment Value Security, you do not need to redeploy your chart of Accounts
D) The Segment Value Security rules do not take effect until you assign the rules to users and products

3. You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts. What is the solution?

A) Use the Third Party Control Account feature
B) Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI)
C) Use the Open Account Balances Listing report that has balances by customer
D) Use Supporting References to capture customer classification information

4. Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?

A) Invoice type will have less funds available by $400 USD
B) Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD
C) $400 USD will be added back to available funds
D) Only obligation type will have $400 USD funds available
E) $400 USD will be expired and not available for use

5. You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A) Perform an account analysis online
B) Use Account Inspector
C) Create an Account Group using Account Monitor
D) Open a Smart View file saved on your desktop

Solutions: