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

1. You are creating financial Statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results. How would you achieve this? (Choose Two)

A) Use Smart View, which is and Excel Add-on
B) When viewing the report, download to Excel and use Excel's charting features to create your bar graph
C) use Account Inspector that automatically creates graphs on financials balances
D) when designing your financial statement using financial report (FR), embed a chart into your report.

2. You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

A) complete Accounting Configuration
B) chart of account values, accounting calendar, and ledger
C) setup data for Receivables and Payables product
D) Suppliers and Customers
E) Banks, Bank Accounts, and Branches

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

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

4. Identify three functions of Functional Setup Manager.

A) Provide a central place to access and perform all of the setup steps across Cloud application products.
B) Assign setup tasks to individuals with due dates where users must manually update their completion status.
C) Automatically mark the status of tasks as Completed after they have been completed.
D) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
E) Centrally manage the close processes across subledgers and ledgers.

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

Solutions: