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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) CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table
C) If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.
D) CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

2. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?

A) chart of accounts master data maintenance
B) integration with transactions from external feeder systems
C) data access and security
D) cross-validation rules
E) chart of accounts hierarchy maintenance

3. You have a requirement to have invoices generated for certain Intercompany transaction Where do you enable Invoicing?

A) the transaction type
B) the transaction batch
C) the transaction source
D) the transaction category

4. You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason

A) An Audit process needs to be successfully performed before a tree version can be set to Active
B) Two tree versions were not defined
C) Chart of accounts was not deployed
D) Accounting Configuration was not submitted

5. You are setting up Close Monitor, which comprise a ledger set hierarchy definition. Which two components of the enterprise structure should the ledgers in the ledger set share.(Choose Two)

A) Chart of Accounts. Currency, Accounting Calendar, an subledger Accounting Method.
B) Accounting Calendar
C) Chart of Accounts and Business Units.
D) Legal Entities, Business Units and Chart of Accounts.

Solutions: