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

1. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

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

2. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Define the Geography Validation for Country option to Error.
B) Redefine the location structure.
C) Redefine the geography hierarchy.
D) Define the Geography Validation for Country option to No Validation.

3. 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 USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

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

4. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A) Financial Reporting Web Studio report
B) OTBI report
C) Trial Balance report
D) Account group

5. Which two statements are true about infotiles and infolets?

A) Infotiles have Front view. Back view, and Expanded view.
B) You can refresh infolets to see up-to-date data.
C) Infotiles pull data from a Smart View analysis.
D) You can create your own user-defined infolets.
E) Infolets are accessed only from the News Feed home page layout.

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