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

1. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)

A) You can have only one version of a hierarchy published to the Essbase cube at any time.
B) Child values in these hierarchies can belong to only one parent.
C) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
D) Hierarchies for reporting and allocations have to be published to Essbase cubes.

2. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
B) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
C) Each product has its own Intercompany Accounting feature that needs to be configured separately.
D) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.

3. When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?

A) Financial Statement Generator
B) Financial Reporting Studio
C) Smart View
D) Account Inspector

4. 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.

5. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?

A) Transfer Budget Balances to Budget Cubes has not been run.
B) Budgeting is not enabled in the Ledger options.
C) A value for the budget scenario is not created.
D) The Create Scenario Dimension Members program has not been run.
E) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.

Solutions: