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

1. 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) Smart Slices
B) Account Groups
C) Query Designer
D) Smart Queries

2. You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A) the transaction type
B) the transaction source
C) the transaction category
D) the transaction batch

3. 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) Output type
B) Data model
C) Sub template
D) Layout template
E) Style template

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

5. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Primary balancing segment rule
B) Legal entity-level rule
C) Ledger-level rule
D) Chart of accounts rule

Solutions: