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

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

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

2. 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) Legal entity-level rule
C) Chart of accounts rule
D) Ledger-level rule

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

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

4. In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A) Users have very little control configuring their Springboards and Work Areas; they can only resize columns
B) They can use "+" under the Apps section of the News Feed homepage
C) They can have the System Administrator configuring pages for them using Page Composer
D) They can format certain tables by hiding and showing columns, moving columns, and resizing columns

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

Solutions: