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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q61-Q66):

NEW QUESTION # 61
What is the most efficient way to add a new year to the accounting calendar?

A. The application automatically populates the next year when you open the first period of a new fiscal year
B. Add the periods manually
C. Import the periods from a spreadsheet
D. Use the Add Year button

Answer: D

NEW QUESTION # 62
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 to Hyperion Financial Management?

A. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
B. No data is transferred
C. The unmapped segments default to future use segments in Hyperion Financial Management
D. Data is summarized across segments that are not mapped to Hyperion Financial Management

Answer: A

NEW QUESTION # 63
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?

A. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100
B. Funds available will change when the invoice is approved
C. The budget and funds available will increase by USD 100
D. The budget will increase by USD 100 and the funds available will decrease by USD 100

Answer: A

NEW QUESTION # 64
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

A. Accounting Date
B. Supporting References
C. Journal Line Rules
D. Account Rules
E. Chart of Accounts

Answer: B,C,D

NEW QUESTION # 65
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

A. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
B. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
C. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
D. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

Answer: A

NEW QUESTION # 66
......

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