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

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

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

3. You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?

A) Data model
B) Style template
C) Layout template
D) Output type
E) Sub template

4. Which two statements are true about balances cubes in General Ledger?

A) They are updated automatically when the Translation process is run.
B) New dimensions can be added to a General Ledger balances cube.
C) They are updated automatically when the Revaluation process is run.
D) They are updated automatically when the General Ledger period is opened.
E) A new balances cube is created for a unique combination of ledger and currency.

5. 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

Solutions: