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Oracle Financials Cloud: General Ledger 2023 Implementation Professional Sample Questions:
1. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
A) Style template
B) Output type
C) Layout template
D) Data model
E) Sub template
2. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
A) Reporting currency with the local accounting convention
B) Reporting currency with the IFRS accounting convention
C) Primary ledger with the IFRS accounting convention
D) Primary ledger with the local accounting convention
E) Secondary ledger with the IFRS accounting convention
3. Which two statements are true regarding the Translation process? (Choose two.)
A) The Translation process can only be used for translating the balances of Secondary ledgers.
B) The Translation process should be run before posting Period Close adjustment entries.
C) The Translation process can only be used to translate balance sheet accounts.
D) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
E) If necessary, before submitting the Translation process, the Revaluation process should be completed.
4. You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
A) You don't have to do anything; this option is enabled automatically.
B) Set the relevant option on the Specify Ledger Options page.
C) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
D) Opt in to the Prevent Period Close option for the offering.
5. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
A) when there is a many-to-many journal and you want to use a clearing company
B) when the journal is not balanced by the primary balancing segment value (BSV)
C) when the journal is balanced by the primary BSV but not by second or third BSV
D) when the journal is balanced by second balancing segment value
Solutions:
| Question # 1 Answer: C,D | Question # 2 Answer: D,E | Question # 3 Answer: D,E | Question # 4 Answer: B | Question # 5 Answer: C |


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