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

1. 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

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

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

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

5. For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).
What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

A) Historical rates are converted into an average rate (original and new rate).
B) The existing historical rate is deleted.
C) The historical rate is replaced.
D) Nothing, existing historical rates are not updated.

Solutions: