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

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

2. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A) The original journal entry in Euros remains the same.
B) There is no unrealized exchange gain or loss calculated.
C) The original journal entry in Euros is updated.
D) You have an unrealized exchange loss recorded.
E) You have an unrealized exchange gain recorded.

3. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A) Output type
B) The layout Template
C) The Sub Template
D) The Data Model
E) The Style Template

4. There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A) Spreadsheet level
B) Balances Level
C) Adjustment only level
D) Subledger level
E) Journal Level

5. A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

A) Query Designer
B) Smart Slices
C) Account Groups
D) Smart Queries

Solutions: