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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q34-Q39):

NEW QUESTION # 34
You are setting up Close Monitor, which compromises 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
B. Accounting Calendar
C. Legal Entities, Business Units, and Chart of Accounts
D. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
E. Chart of Accounts and Business Units

Answer: A,B

NEW QUESTION # 35
You need to create a boardroom ready month-end reporting package for an upcoming Audit Committee meeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicely formatted.
What are the two Oracle recommended ways to accomplish this? (Choose two.)

A. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
B. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
C. Use a report batch to run reports at a specific time to create a set of snapshot reports
D. Use OTBI to create multiple reports that you save to a folder that only the users can access
E. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

Answer: C,E

NEW QUESTION # 36
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

A. Sunburst reports
B. Online Transactional Business Intelligence
C. Account Monitor
D. Smart View
E. Account Inspector

Answer: C,D,E

NEW QUESTION # 37
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)

A. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
B. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
C. Use a report batch to run reports at a specific time to create a set of snapshot reports
D. Use OTBI to create multiple reports that you save to a folder that only the users can access
E. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

Answer: C,E

NEW QUESTION # 38
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle's recommended approach to performing consolidations?

A. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
B. Define multiple ledgers for consolidation and report on ledger set
C. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
D. Use Oracle Hyperion Financial Management for this type of complex consolidation

Answer: A

NEW QUESTION # 39
......

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