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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) Hierarchies for reporting and allocations have to be published to Essbase cubes.
C) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
D) Child values in these hierarchies can belong to only one parent.

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

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

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

4. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A) You can create, update, and delete account rules for a chart of accounts mapping.
B) It supports external integration using REST services.
C) You can create, update, and delete segment rules for a chart of accounts mapping.
D) You can download the template only from the Manage Chart of Accounts Mappings page.

5. You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?

A) Calendar Year
B) Period
C) Fiscal Year
D) Year

Solutions: