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

1. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Primary balancing segment rule
B) Ledger-level rule
C) Chart of accounts rule
D) Legal entity-level rule

2. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?

A) by using the Manage Cross-Validation Rules page.
B) by creating Cross-Validation Rules desktop-integrated spreadsheet.
C) by using Cross-Validation Rules Import file-based data import (FBDI).
D) by using the Manage General Ledger Security page.

3. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when the journal is balanced by the primary BSV but not by second or third BSV
B) when the journal is not balanced by the primary balancing segment value (BSV)
C) when the journal is balanced by second balancing segment value
D) when there is a many-to-many journal and you want to use a clearing company

4. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Smart Queries
B) Smart Slices
C) Ad Hoc Analysis
D) Query Designer

5. Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values

Solutions:

Question # 1 Answer: A

Question # 2 Answer: C

Question # 3 Answer: A

Question # 4 Answer: C

Question # 5 Answer: Only visible for members