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

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

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

A) Calendar Year
B) Period
C) Fiscal Year
D) Year

3. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Primary Balancing
B) Secondary Balancing
C) Natural Account
D) Cost center
E) Intercompany Segment

4. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)

A) Enterprise Performance Management Workspace
B) Universal Content Management Workspace
C) Scheduled Processes
D) Reports and Analytics
E) Business Process Management Workspace

5. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
B) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
C) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
D) Each product has its own Intercompany Accounting feature that needs to be configured separately.

Solutions: