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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:

1. Which two are valid Data Access Set types? (Choose two.)

A) Full access
B) Read and Write access
C) Read Only access
D) Full Ledger
E) Primary Balancing Segment Value

2. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Subledger level
B) Journal Level
C) Spreadsheet level
D) Adjustment only level
E) Balances Level

3. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

4. Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A) The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
B) You can only drill down to the general ledger journal and then from there to the subledger journal entry.
C) The report displays all clearing company balancing lines for a period.
D) The report displays the intercompany receivables and intercompany payables balances in summary for a period.
E) The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

5. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A) Verify correctness of trees.
B) View information for runtime performance.
C) Create additional versions of a tree.
D) Optimize parent/child relationships.
E) Set the status of a tree to active.

Solutions: