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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 for rules and formulas. What should you do?

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

2. You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

A) Capture accounting events
B) Analyze external system transactions
C) Create the accounting in the source system and then import the journal entries into subledger accounting
D) Determine the accounting impact of transactions

3. You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

A) automatic or manual batch numbering and the maximum transaction amount
B) automatic or manual batch numbering and the minimum transaction amount
C) the approvers who will approve intercompany transactions
D) whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
E) whether to allow receivers to reject intercompany transactions

4. What Is Oracle Essbase?

A) A robust reporting and analysis tool
B) A relational database
C) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
D) A data ware house

5. You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

A) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
B) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets
C) Use HCM's Enterprise Structure Configurator (ESC) first
D) Use the Rapid Implementation spreadsheet when creating your enterprise structure
E) Deploy your chart of accounts

Solutions: