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

1. Management wants to use the budget transfer function available on the Review Budgetary control Which privilege is required to perform the budget transfer?

A) Import Budget Amounts (XCC_IMPORT_BUDGET_AMOUNTS_PRIV)
B) Import Budget Amount from Spreadsheet (XCC_IMPORT_BUDET_FROM_SPREADSHEET_PRIV)
C) Manage Control Budgets (XCC_HANAGI_CONIROL_BUDGrs.PRIV)
D) Budget Loading (XCC_BUDGET_LOADING_DUiPRIV)

2. You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?

A) File Based Data Import
B) The budget journal spreadsheet
C) Application Developer Framework Desktop Integrator
D) Enterprise Resource Budget Integrator

3. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Each product has its own Intercompany Accounting feature that needs to be set up separately
B) They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
C) Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
D) Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management

4. our Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three)

A) OTBI
B) Account Inspector
C) Sunburst Report
D) Account Monitor
E) Smart View

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

Solutions: