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

1. Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.

Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.

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

3. You want your sales representatives to be able to find points of interest, such as customers, while out on business. What should you enable to achieve this?

A) HZ_GEO_IDENTIFIER_SUBTYPE Lookup
B) Validation
C) Geocoding
D) Address Cleansing

4. You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?

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

5. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

A) Subledger level
B) Balance level
C) Adjustment only level
D) FBDI level
E) Journal level

Solutions: