Amazon
Avaya
Checkpoint
Cisco®
CompTIA
CrowdStrike
EC-Council
EXIN
Fortinet
Google
ISC
ISC2
ITIL®
Juniper
Microsoft
MuleSoft
Okta
Oracle
Palo Alto Networks
Salesforce
All Vendors
  1. Home
  2. Oracle
  3. Oracle Financials Cloud: General Ledger 2020 Implementation Essentials

Oracle Oracle Financials Cloud: General Ledger 2020 Implementation Essentials Exam (page: 1)
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials
Updated on: 11-Nov-2025

Viewing Page 1 of 12
Oracle Financials Cloud: General Ledger 2020 Implementation Essentials PDF 55 Questions

The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.

The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?

  1. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
  2. The general accountant has a segment value security rule assigned which restricts access to that cost center
  3. There is a primary balancing segment attached to the legal entity of the primary ledger
  4. A cross validation rule is in place to prevent the resulting combination from being created

Answer(s): D


Reference:

https://docs.oracle.com/en/cloud/saas/financials/20c/faiac/implementing-accounting-hub.pdf



Your company has a legal entity in the UK, US, and Canada. 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?

  1. One, because they can all share the same chart of accounts
  2. Three, because each requires a different currency
  3. Two, because the US and Canada can share the same ledger because they are in North America
  4. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer(s): A


Reference:

https://docs.oracle.com/cd/E18727_01/doc.121/e13425/T348488T348492.htm



When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

  1. Financial Reporting Studio
  2. Smart View
  3. Oracle Financial Statement Generator
  4. Financial Reporting Center

Answer(s): A,D


Reference:

https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/financial-reporting-and-analysis.html#FAUGL513446



Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

  1. Only obligation type will have $400 USD funds available
  2. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD
  3. $400 USD will be added back to available funds
  4. Invoice type will have less funds available by $400 USD
  5. $400 USD will be expired and not available for use

Answer(s): C



You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

  1. Calendar
  2. Fiscal
  3. Year
  4. Period

Answer(s): D


Reference:

https://docs.oracle.com/cd/E53547_01/opera_5_04_03_core_help/period_setup.htm



Viewing Page 1 of 12



Share your comments for Oracle Oracle Financials Cloud: General Ledger 2020 Implementation Essentials exam with other users:

Sneha 8/17/2023 6:29:00 PM

this is useful
CANADA


sachin 12/27/2023 2:45:00 PM

question 232 answer should be perimeter not netowrk layer. wrong answer selected
Anonymous


tomAws 7/18/2023 5:05:00 AM

nice questions
BRAZIL


Rahul 6/11/2023 2:07:00 AM

hi team, could you please provide this dump ?
INDIA


TeamOraTech 12/5/2023 9:49:00 AM

very helpful to clear the exam and understand the concept.
Anonymous


Curtis 7/12/2023 8:20:00 PM

i think it is great that you are helping people when they need it. thanks.
UNITED STATES


sam 7/17/2023 6:22:00 PM

cannot evaluate yet
Anonymous


nutz 7/20/2023 1:54:00 AM

a laptops wireless antenna is most likely located in the bezel of the lid
UNITED STATES


rajesh soni 1/17/2024 6:53:00 AM

good examplae to learn basic
INDIA


Tanya 10/25/2023 7:07:00 AM

this is useful information
Anonymous


Nasir Mahmood 12/11/2023 7:32:00 AM

looks usefull
Anonymous


Jason 9/30/2023 1:07:00 PM

question 81 should be c.
CANADA


TestPD1 8/10/2023 12:22:00 PM

question 18 : response isnt a ?
EUROPEAN UNION


ally 8/19/2023 5:31:00 PM

plaese add questions
TURKEY


DIA 10/7/2023 5:59:00 AM

is dumps still valid ?
FRANCE


Annie 7/7/2023 8:33:00 AM

thanks for this
EUROPEAN UNION


arnie 9/17/2023 6:38:00 AM

please upload questions
Anonymous


Tanuj Rana 7/22/2023 2:33:00 AM

please upload the question dump for professional machinelearning
Anonymous


Future practitioner 8/10/2023 1:26:00 PM

question 4 answer is c. this site shows the correct answer as b. "adopt a consumption model" is clearly a cost optimization design principle. looks like im done using this site to study!!!
Anonymous


Ace 8/3/2023 10:37:00 AM

number 52 answer is d
UNITED STATES


Nathan 12/17/2023 12:04:00 PM

just started preparing for my exam , and this site is so much help
Anonymous


Corey 12/29/2023 5:06:00 PM

question 35 is incorrect, the correct answer is c, it even states so: explanation: when a vm is infected with ransomware, you should not restore the vm to the infected vm. this is because the ransomware will still be present on the vm, and it will encrypt the files again. you should also not restore the vm to any vm within the companys subscription. this is because the ransomware could spread to other vms in the subscription. the best way to restore a vm that is infected with ransomware is to restore it to a new azure vm. this will ensure that the ransomware is not present on the new vm.
Anonymous


Rajender 10/18/2023 3:54:00 AM

i would like to take psm1 exam.
Anonymous


Blessious Phiri 8/14/2023 9:53:00 AM

cbd and pdb are key to the database
SOUTH AFRICA


Alkaed 10/19/2022 10:41:00 AM

the purchase and download process is very much streamlined. the xengine application is very nice and user-friendly but there is always room for improvement.
NETHERLANDS


Dave Gregen 9/4/2023 3:17:00 PM

please upload p_sapea_2023
SWEDEN


Sarah 6/13/2023 1:42:00 PM

anyone use this? the question dont seem to follow other formats and terminology i have been studying im getting worried
CANADA


Shuv 10/3/2023 8:19:00 AM

good questions
UNITED STATES


Reb974 8/5/2023 1:44:00 AM

hello are these questions valid for ms-102
CANADA


Mchal 7/20/2023 3:38:00 AM

some questions are wrongly answered but its good nonetheless
POLAND


Sonbir 8/8/2023 1:04:00 PM

how to get system serial number using intune
Anonymous


Manju 10/19/2023 1:19:00 PM

is it really helpful to pass the exam
Anonymous


LeAnne Hair 8/24/2023 12:47:00 PM

#229 in incorrect - all the customers require an annual review
UNITED STATES


Abdul SK 9/28/2023 11:42:00 PM

kindy upload
Anonymous