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

1. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A) Define the intercompany segment with a default value.
B) Define the company segment and assign both the primary balancing segment and intercompany segment labels.
C) Share the same value set for the company and intercompany segments.
D) Create two different value sets for the company and intercompany segments.

2. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

A) Balance level
B) Sub-ledger level.
C) Adjustment only
D) Journal ledger

3. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A) Fiscal Year
B) Year
C) Calendar Year
D) Period

4. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can download the template only from the Manage Chart of Accounts Mappings page.
B) You can create, update, and delete account rules for a chart of accounts mapping.
C) You can create, update, and delete segment rules for a chart of accounts mapping.
D) It supports external integration using REST services.

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

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

Solutions: