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

1. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Primary balancing segment rule
B) Chart of accounts rule
C) Legal entity-level rule
D) Ledger-level rule

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

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

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

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

4. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) A value for the budget scenario is not created.
B) Transfer Budget Balances to Budget Cubes has not been run.
C) Budgeting is not enabled in the Ledger options.
D) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
E) The Create Scenario Dimension Members program has not been run.

5. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

Solutions: