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

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

2. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A) Create additional versions of a tree.
B) View information for runtime performance.
C) Set the status of a tree to active.
D) Optimize parent/child relationships.
E) Verify correctness of trees.

3. 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) Geocoding
B) Validation
C) Address Cleansing
D) HZ_GEO_IDENTIFIER_SUBTYPE Lookup

4. 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) Intercompany Segment
B) Cost center
C) Primary Balancing
D) Natural Account
E) Secondary Balancing

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) Revenue Management
C) Receivables
D) Assets
E) Order Management

Solutions: