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

1. 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

2. You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)

A) You have not saved it in the MyFolders directory.
B) You have not uploaded it to Financial Reporting Center.
C) You have not saved it in the Shared Folder/Custom/Financials directory.
D) You have not downloaded the report to your local drive.

3. You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

A) Reconcile
B) Third Party Control Account
C) Financial Category
D) Start Date
E) End Date

4. Which two statements are true about balances cubes in General Ledger?

A) They are updated automatically when the Revaluation process is run.
B) They are updated automatically when the General Ledger period is opened.
C) A new balances cube is created for a unique combination of ledger and currency.
D) New dimensions can be added to a General Ledger balances cube.
E) They are updated automatically when the Translation process is run.

5. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

A) when the journal is balanced by second balancing segment value
B) when the journal is balanced by the primary BSV but not by second or third BSV
C) when there is a many-to-many journal and you want to use a clearing company
D) when the journal is not balanced by the primary balancing segment value (BSV)

Solutions: