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

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

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

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

3. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A) Journal level
B) Adjustment only level
C) Balance level
D) Subledger level
E) FBDI level

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

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

5. You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

A) Start Date
B) Third Party Control Account
C) Financial Category
D) Reconcile
E) End Date

Solutions: