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

1. Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)

A) Reports and Analytics
B) Enterprise Performance Management Workspace
C) Universal Content Management Workspace
D) Scheduled Processes
E) Business Process Management Workspace

2. You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

A) You have not saved it in the MyFolders directory.
B) You have not downloaded the report to your local drive.
C) You have not uploaded it to Financial Reporting Center.
D) You have not saved it in the Shared Folder/Custom/Financials directory.

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

4. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?

A) Primary ledger with the IFRS accounting convention
B) Secondary ledger with the IFRS accounting convention
C) Primary ledger with the local accounting convention
D) Reporting currency with the local accounting convention
E) Reporting currency with the IFRS accounting convention

5. On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A) Receipt accounting
B) Receivables
C) Order Management
D) Assets
E) Revenue Management

Solutions: