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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q36-Q41):
NEW QUESTION # 36
The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?
- A. Deactivate the value
- B. Run the "Correct Misclassified Account" program
- C. Run the "Update Balance Cube Chart of the Accounting Dimension" program
- D. Run the "Segment Value Inheritance" program
Answer: B
NEW QUESTION # 37
You want to achieve multi-step cascading allocations, which feature do you use?
- A. RuleSets
- B. Point of View (POV)
- C. General Ledger journal entries
- D. Formulas
Answer: A
Explanation:
Reference:
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NEW QUESTION # 38
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?
- A. Enterprise Resource Budget Integrator
- B. File Based Data Import
- C. Application Developer Framework Desktop Integrator
- D. The budget journal spreadsheet
Answer: C
NEW QUESTION # 39
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
- A. Define two different charts of accounts
- B. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
- C. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment
- D. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level
Answer: D
NEW QUESTION # 40
Your company has a legal entity in the UK, US, and Canad A.
They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?
- A. One, because they can all share the same chart of accounts
- B. Two, because the US and Canada can share the same ledger because they are in North America
- C. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
- D. Three, because each requires a different currency
Answer: A
NEW QUESTION # 41
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