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

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

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

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) Secondary ledger with the IFRS accounting convention
B) Reporting currency with the local accounting convention
C) Primary ledger with the IFRS accounting convention
D) Reporting currency with the IFRS accounting convention
E) Primary ledger with the local accounting convention

3. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B) Data is summarized across segments that are not mapped to Hyperion Financial Management.
C) The unmapped segments default to future use segments in Hyperion Financial Management.
D) No data is transferred.

4. On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A) Revenue Management
B) Order Management
C) Receipt accounting
D) Assets
E) Receivables

5. 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 downloaded the report to your local drive.
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 saved it in the MyFolders directory.

Solutions: