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

1. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?

A) Assign the security context value of UK Ledger to the user/role combination.
B) Create a data access set that allows access to the UK Ledger.
C) Assign the UK reference set to the user/role combination.
D) Assign the General Accounting Manager role to those users.

2. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.

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

4. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

A) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B) Data is summarized across segments that are not mapped to Hyperion Financial Management.
C) No data is transferred.
D) The unmapped segments default to future use segments in Hyperion Financial Management.

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

Solutions: