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

1. Which two statements are true about the Intercompany Reconciliation report?

A) It displays the intercompany receivables and intercompany payables balances in summary for a period.
B) It displays all clearing company balancing lines for a period.
C) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
D) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
E) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

2. You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A) Set the relevant option on the Specify Ledger Options page.
B) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
C) Opt in to the Prevent Period Close option for the offering.
D) You don't have to do anything; this option is enabled automatically.

3. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) The unmapped segments default to future use segments in Hyperion Financial Management.
B) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
C) No data is transferred.
D) Data is summarized across segments that are not mapped to Hyperion Financial Management.

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

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

5. 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

Solutions: