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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 access
D) Read Only access
E) Full Ledger

2. 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.

3. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Redefine the geography hierarchy.
B) Define the Geography Validation for Country option to Error.
C) Redefine the location structure.
D) Define the Geography Validation for Country option to No Validation.

4. 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) Opt in to the Prevent Period Close option for the offering.
C) You don't have to do anything; this option is enabled automatically.
D) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.

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

Solutions: