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

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

2. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can create, update, and delete account rules for a chart of accounts mapping.
B) You can download the template only from the Manage Chart of Accounts Mappings page.
C) You can create, update, and delete segment rules for a chart of accounts mapping.
D) It supports external integration using REST services.

3. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) Data is summarized across segments that are not mapped to Hyperion Financial Management.
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) No data is transferred.
D) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.

4. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
B) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
C) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
D) Each product has its own Intercompany Accounting feature that needs to be configured separately.

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

Solutions: