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

1. You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?

A) Set the relevant option on the Specify Ledger Options page.
B) Opt in to the Prevent Period Close option for the offering.
C) You don't have to do anything; this option is enabled automatically.
D) Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.

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

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

3. Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values

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 format certain tables by hiding and showing columns, moving columns, and resizing columns
C) They can use "+" under the Apps section of the News Feed homepage
D) They can have the System Administrator configuring pages for them using Page Composer

5. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered and posted after you consolidated your results.
What is Oracle's recommended practice when this occurs?

A) Translate only the adjusting journal entry.
B) Rerun Translation and then reconsolidate your results.
C) Enter another adjusting journal entry in the target currency to true up the balances.
D) Rerun Revaluation and then rerun Translation.

Solutions: