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

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

2. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A) Journal level
B) FBDI level
C) Balance level
D) Subledger level
E) Adjustment only level

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

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

5. Which two are valid Data Access Set types? (Choose two.)

A) Full access
B) Full Ledger
C) Read and Write access
D) Read Only access
E) Primary Balancing Segment Value

Solutions: