Oracle Financials Cloud: General Ledger 2024 Implementation Professional

Question 1

Which two statements are true about the Intercompany Reconciliation report?

A. It displays all clearing company balancing lines for a period.

B. You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

C. It displays the intercompany receivables and intercompany payables balances in summary for a period.

D. It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

E. It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

Correct Answer: C,D

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Question 2

In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A. They can format certain tables by hiding and showing columns, moving columns, and resizing columns

B. They can use "+" under the Apps section of the News Feed homepage

C. Users have very little control configuring their Springboards and Work Areas; they can only resize columns

D. They can have the System Administrator configuring pages for them using Page Composer

Correct Answer: A,B

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Question 3

InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?

A. Financial Reporting Studio

B. Oracle Enterprise Repository

C. Smart View

D. Oracle Transactions Business Intelligence

E. Application Composer

Correct Answer: A,C,D

Question 4

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A. Historical rates are converted into an average rate (original and new rate).

B. Nothing, existing historical rates are not updated.

C. The existing historical rate is deleted.

D. The historical rate is replaced.

Correct Answer: D

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Question 5

You have set up asupporting reference with balancesto capturerevenue by account manager.
Which option should you use to view thesupporting reference balances?

A. An OTBI analysis

B. A SmartView analysis

C. An Account Group

D. General Ledger inquiries and reports

Correct Answer: A

Question 6

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A. Period

B. Year

C. Fiscal Year

D. Calendar Year

Correct Answer: C

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Question 7

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. Financial Reporting Studio

B. Smart View

C. Financial Statement Generator

D. Account Inspector

Correct Answer: A,B

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Question 8

Which two statements are true about infotiles and infolets?

A. Infotiles pull data from a Smart View analysis.

B. Infotiles have Front view. Back view, and Expanded view.

C. You can refresh infolets to see up-to-date data.

D. You can create your own user-defined infolets.

E. Infolets are accessed only from the News Feed home page layout.

Correct Answer: B,C

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Question 9

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

A. Universal Content Management Workspace

B. Business Process Management Workspace

C. Reports and Analytics

D. Enterprise Performance Management Workspace

E. Scheduled Processes

Correct Answer: C,D

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Oracle Financials Cloud: General Ledger 2024 Implementation Professional - 1z0-1054-24 Exam Practice Test

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