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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
A) Primary balancing segment rule
B) Ledger-level rule
C) Chart of accounts rule
D) Legal entity-level rule
2. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
A) Sub-ledger level.
B) Adjustment only
C) Journal ledger
D) Balance level
3. A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?
A) Smart Queries
B) Account Groups
C) Smart Slices
D) Query Designer
4. The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
A) Output type
B) The Data Source
C) The Data Model
D) The layout-Template
E) The Sub_Template
5. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?
A) Assign the General Accounting Manager role to those users.
B) Assign the UK reference set to the user/role combination.
C) Assign the security context value of UK Ledger to the user/role combination.
D) Create a data access set that allows access to the UK Ledger.
Solutions:
Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: D | Question # 4 Answer: C,D | Question # 5 Answer: D |
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