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

1. 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) Opt in to the Prevent Period Close option for the offering.
B) You don't have to do anything; this option is enabled automatically.
C) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
D) Set the relevant option on the Specify Ledger Options page.

2. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

A) Adjustment only
B) Sub-ledger level.
C) Balance level
D) Journal ledger

3. The Cloud Client wants to add a global branding logo and more predefined transactional attributes to the journal approval email notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A) The Data Source
B) The layout-Template
C) The Sub_Template
D) Output type
E) The Data Model

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

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

5. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) You can have only one version of a hierarchy published to the Essbase cube at any time.
B) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
C) Child values in these hierarchies can belong to only one parent.
D) Hierarchies for reporting and allocations have to be published to Essbase cubes.

Solutions: