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

1. Which two are valid Data Access Set types? (Choose two.)

A) Read and Write access
B) Primary Balancing Segment Value
C) Full Ledger
D) Read Only access
E) Full access

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

3. 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 are defined centrally and applied across Financials and Projects.
C) Each product has its own Intercompany Accounting feature that needs to be configured separately.
D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.

4. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

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

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

Solutions: