General Ledger

Allows to aggregate different journals

• Journal Batch

• Journal Group

• Journal Party

• Journal account

Select the 4 C's that are the central point for accurate financial reporting

• Chart of Accounts, Calendar, Currency and Accounting Method

• Cat, Cost, Currency, Ceiling

• Cost center, Culture, Calendar and Currency

• Chart of account hierarchy, Common, Cash and Category

Multiple Choice (Select all that apply.)
Which Oracle subledgers can feed accounting data into General Ledger?

• Payables

• Receivables

• Fixed Assets

• Payroll

In the GL Process Flow, what is the first step?

• Close Accounting Period

• Capture Transactions

• Manage Financial Reporting & Analysis

• Open period

Which option can undo a previous journal, either immediately or in the next period, while preserving audit history?

• Reclassification

• Posting

• Journal Reversion

• Allocation

The Journal level structure contains

• Name, Source, Accounting Period

• Accounts, Amounts

• Accounting Date, Category, Currency, Ledger

Which action is described as moving amounts between accounts to correct account coding while keeping a detailed explanation?

• Journal Reversion

• Reclassification

• Posting

• Revaluation

In the journal structure, the Batch level stores which of these attributes?

• • Accounting Date

• • Category

• Name, Source, Accounting Period

True / False
A Journal Reversion can be scheduled to reverse in the next accounting period.

• True

• False

Oracle General Ledger is a __________ of accounting data transferred from all your Oracle subledgers, such as AP, AR, and FA.