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

1. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)

A) Intercompany Segment
B) Secondary Balancing
C) Primary Balancing
D) Natural Account
E) Cost center

2. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A) Assign the security context value of UK Ledger to the user/role combination.
B) Create a data access set that allows access to the UK Ledger.
C) Assign the UK reference set to the user/role combination.
D) Assign the General Accounting Manager role to those users.

3. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A) Source
B) Basis
C) Allocation Range
D) Offset
E) Target

4. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Ad Hoc Analysis
B) Query Designer
C) Smart Slices
D) Smart Queries

5. You can run predefined reports to reconcile subledger application balances to General Ledger balances. Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'

A) Start Date
B) Financial Category
C) Third Party Control Account
D) Reconcile
E) End Date

Solutions: