Saturday, December 19, 2020

Oracle Cloud General ledger Certification questions

Oracle Cloud General ledger Certification questions

Hi friends, we are going to discuss about the Oracle Cloud General ledger Certification questions. We will share the general ledger certification question series for oracle cloud.

QUESTION 1
The Accounting Manager requests that a schedule be created to automatically post journals from sub ledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

 

Option's:
A.    Journal Category
B.    Journal Source
C.    Journal Batch
D.    Journal Description 

 

Answer: C


QUESTION 2
You are reconciling your sub ledger 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?

Option's:
A.    An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B.    Account Analysis Reports
C.    Journals Reports 
D.    Aging Reports 

 

Answer: C



QUESTION 3
What type of user must be defined before you can create an Implementation Project?

 

Option's:
A.    None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
B.    A full-time employee that has the FSM Superuser role assigned
C.    None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
D.    Implementation Users
E.    All roles that will be used throughout the implementation 

 

Answer: E


QUESTION 4
Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

 

Option's:
A.    Event Type
B.    Journal Line Rule
C.    Event Class
D.    Journal Entry Rule Set
E.    Journal Entry 

 

 Answer: D


QUESTION 5
Who are the three primary Functional Setup Manager users?

 

Option's:
A.    End Users that perform transaction processing
B.    Implementation Project Managers and Consultants
C.    System Administrators
D.    Application Developers
E.    C-Level Executives 

 

Answer: A,B,C
Answer Explanation: http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.html



QUESTION 6
You want to specify Intercompany System Options. Which three factors should you consider?

 

Option's:
A.    Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
B.    Whether to allow receivers to reject intercompany transactions
C.    Automatic or manual batch numbering and the minimum transaction amount
D.    Automatic or manual batch numbering and the maximum transaction amount
E.    The approvers who will approve intercompany transactions 

 


Answer: A,B,D


QUESTION 7
You need to make decisions about how an application should behave, such as date ranges and defaults. What should you consider before defining Collections Preferences?

 

Option's:
A.    scheduled processes
B.    system privileges
C.    user application privileges
D.    the employees who are involved with the collections process and how the collectors will be assigned
E.    customer contact information 

 

Answer: D
Explanation: References: The employees who are involved with the collections process and how the collectors will be assigned
 


QUESTION 8

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

 

Option's:
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.

Answer: D

Answer Explanation: Only specify segment values in formulas to define an allocation rule where segment values are constants for rules and formulas.


QUESTION 9
You want to enter budget data in Fusion General Ledger. Which method is not supported?

 

Option's:
A.    Smart View
B.    Application Development Framework Desktop Integration (ADFdi)
C.    File-based Data Import
D.    Entering budget Journals

 

Answer: D 

Answer Explanation: Entering budget Journals is not supported to enter the budget data n fusion general ledger.

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