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

1. How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A) Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
B) If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
C) CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
D) CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

2. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Line of 100,000 Euros which is equivalent to USD 136,550 The month end exchange rate Is 1 Euro = 1.3755 USD What two statements are true for the resulting revaluation run?

A) The original journal entry in Euros is Updated,
B) You have an unrealized exchange loss recorded.
C) The original Journal entry in Euros remains the same.
D) You have an unrealized exchange gain recorded.
E) There is no unrealized exchange gain or loss calculated

3. You need to setup a calendar for fiscal year Apr-XX to Mar-YY where YY is the following year and you would like the periods to be named accounting to the year they fall in What Calendar format should you choose?

A) Period
B) Year
C) Fiscal
D) Calendar

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

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

5. The Create Accounting program could not determine the debit side of the journal entry Which component of Subledger Accounting determines the debit or credit side of a journal entry?

A) Journal Line Rule
B) Journal Accounting Rule
C) Journal Balances Rule
D) Account Rule
E) Journal Entry Rule

Solutions: