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

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

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

2. Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A) The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
B) You can only drill down to the general ledger journal and then from there to the subledger journal entry.
C) The report displays all clearing company balancing lines for a period.
D) The report displays the intercompany receivables and intercompany payables balances in summary for a period.
E) The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

3. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)

A) View information for runtime performance.
B) Create additional versions of a tree.
C) Set the status of a tree to active.
D) Optimize parent/child relationships.
E) Verify correctness of trees.

4. Which two statements are true about the Intercompany Reconciliation report?

A) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
B) It displays all clearing company balancing lines for a period.
C) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
D) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
E) It displays the intercompany receivables and intercompany payables balances in summary for a period.

5. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)

A) Journal lookup codes
B) Profile option
C) Journal category
D) Journal sources
E) Ledger options

Solutions: