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

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

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

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

3. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Financial Reporting Studio
B) Smart View
C) Financial Statement Generator
D) Account Inspector

4. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Journal sources
B) Journal category
C) Profile option
D) Ledger options
E) Journal lookup codes

5. Which two statements are true about the Intercompany Reconciliation report?

A) It displays all clearing company balancing lines for a period.
B) It displays the intercompany receivables and intercompany payables balances in summary for a period.
C) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
D) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
E) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

Solutions: