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

1. Which two statements are true about infotiles and infolets?

A) Infolets are accessed only from the News Feed home page layout.
B) Infotiles pull data from a Smart View analysis.
C) You can refresh infolets to see up-to-date data.
D) Infotiles have Front view. Back view, and Expanded view.
E) You can create your own user-defined infolets.

2. Which two statements are true regarding the Translation process? (Choose two.)

A) The Translation process can only be used for translating the balances of Secondary ledgers.
B) The Translation process should be run before posting Period Close adjustment entries.
C) The Translation process can only be used to translate balance sheet accounts.
D) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
E) If necessary, before submitting the Translation process, the Revaluation process should be completed.

3. An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?

A) Chart of accounts rule
B) Ledger-level rule
C) Legal entity-level rule
D) Primary balancing segment rule

4. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Define the Geography Validation for Country option to No Validation.
B) Redefine the location structure.
C) Redefine the geography hierarchy.
D) Define the Geography Validation for Country option to Error.

5. You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?

A) Trial Balance report
B) Financial Reporting Web Studio report
C) Account group
D) OTBI report

Solutions: