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Oracle Financials Cloud: General Ledger 2017 Implementation Essentials: Frequently Asked Questions

Oracle Financials Cloud: General Ledger 2017 Implementation Essentials Sample Questions:

Question 1

What are the two purposes of a secondary ledger? (Choose two.)

A. It is used to main balances in a different currency only.
B. It should not be used when trying to meet local accounting requirements.
C. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting.
D. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options.
E. It should only be used to maintain balances for processing performance.

Question 2

Which two delivered roles can access the full functionality of Functional Setup Manager?

A. IT Security Manager
B. Application Implementation Manager
C. Any functional user
D. Functional Setup Manager Superuser
E. Application Implementation Consultant

Question 3

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?

A. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
B. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
C. Create three segments for the Company, Line of Business, and Product segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
D. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

Question 4

You need to create a month-end reporting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this? (Choose three.)

A. Users can drill down on snapshot reports for future analysis.
B. Snapshot reports can only be viewed online.
C. The report contained in the book can be printed or viewed individually or as an entire book that includes a table of contents.
D. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
E. Using Workspace, assemble multiple reports into a book.

Question 5

You 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. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
B. Chart of Accounts
C. Chart of Accounts and Business Units
D. Accounting Calendar
E. Legal Entities, Business Units, and Chart of Accounts

Solutions: