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

1. Which two statements are true regarding the Translation process? (Choose two.)

A) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
B) The Translation process should be run before posting Period Close adjustment entries.
C) If necessary, before submitting the Translation process, the Revaluation process should be completed.
D) The Translation process can only be used to translate balance sheet accounts.
E) The Translation process can only be used for translating the balances of Secondary ledgers.

2. 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) Data model
C) Layout template
D) Sub template
E) Output type

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

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

4. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

5. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A) View information for runtime performance.
B) Optimize parent/child relationships.
C) Set the status of a tree to active.
D) Verify correctness of trees.
E) Create additional versions of a tree.

Solutions: