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

1. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A) Offset
B) Target
C) Basis
D) Source
E) Allocation Range

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

3. Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A) You can only drill down to the general ledger journal and then from there to the subledger journal entry.
B) The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C) The report 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) The report displays the intercompany receivables and intercompany payables balances in summary for a period.
E) The report displays all clearing company balancing lines for a period.

4. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

A) There is no unrealized exchange gain or loss calculated.
B) You have an unrealized exchange gain recorded.
C) You have an unrealized exchange loss recorded.
D) The original journal entry in Euros is updated.
E) The original journal entry in Euros remains the same.

5. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Account Inspector
B) Smart View
C) Financial Statement Generator
D) Financial Reporting Studio

Solutions: