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

1. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Sub template
B) Output type
C) Layout template
D) Data model
E) Style template

2. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A) Enter another adjusting journal entry in the target currency to true up the balances.
B) Rerun Revaluation and then rerun Translation.
C) Rerun Translation and then reconsolidate your results.
D) Translate only the adjusting journal entry.

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

4. 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) Journal ledger
C) Balance level
D) Adjustment only

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: