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

1. Which two statements are true about infotiles and infolets?

A) Infotiles have Front view. Back view, and Expanded view.
B) You can create your own user-defined infolets.
C) Infolets are accessed only from the News Feed home page layout.
D) Infotiles pull data from a Smart View analysis.
E) You can refresh infolets to see up-to-date data.

2. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) You can have only one version of a hierarchy published to the Essbase cube at any time.
B) Hierarchies for reporting and allocations have to be published to Essbase cubes.
C) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
D) Child values in these hierarchies can belong to only one parent.

3. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A) The original journal entry in Euros remains the same.
B) The original journal entry in Euros is updated.
C) You have an unrealized exchange gain recorded.
D) There is no unrealized exchange gain or loss calculated.
E) You have an unrealized exchange loss recorded.

4. 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) Adjustment only
B) Journal ledger
C) Sub-ledger level.
D) Balance level

5. Which delivered role can access the full functionality of Functional Setup Manager?

A) Application Implementation Consultant
B) Any functional user
C) Application Implementation Manager
D) IT Security Manager
E) Functional Setup Manager Superuser

Solutions:

Question # 1 Answer: A,E

Question # 2 Answer: A,D

Question # 3 Answer: A,E

Question # 4 Answer: D

Question # 5 Answer: C