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

1. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Smart Queries
B) Query Designer
C) Ad Hoc Analysis
D) Smart Slices

2. Which three factors should you consider while specifying Intercompany System options?

A) Automatic or manual batch numbering and the minimum transaction amount
B) Automatic or manual batch numbering and the maximum transaction amount
C) Whether to allow receivers to reject intercompany transactions
D) Approvers who will approve intercompany transactions
E) Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

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

4. Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values

5. Which two are valid Data Access Set types? (Choose two.)

A) Read Only access
B) Read and Write access
C) Full access
D) Primary Balancing Segment Value
E) Full Ledger

Solutions: