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

1. 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) Each product has its own Intercompany Accounting feature that needs to be configured separately.
C) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
D) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.

2. A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

A) Account Groups
B) Smart Slices
C) Smart Queries
D) Query Designer

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

4. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Profile option
B) Journal sources
C) Journal category
D) Journal lookup codes
E) Ledger options

5. You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A) Validation
B) HZ_GEO_IDENTIFIER_SUBTYPE Lookup
C) Address Cleansing
D) Geocoding

Solutions: