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

A) The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
B) 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.
C) The report displays the intercompany receivables and intercompany payables balances in summary for a period.
D) You can only drill down to the general ledger journal and then from there to the subledger journal entry.
E) The report displays all clearing company balancing lines for a period.

3. You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?

A) the transaction category
B) the transaction source
C) the transaction type
D) the transaction batch

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

5. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Redefine the geography hierarchy.
B) Define the Geography Validation for Country option to Error.
C) Redefine the location structure.
D) Define the Geography Validation for Country option to No Validation.

Solutions: