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

Oracle Financials Cloud: General Ledger 2023 Implementation Professional

Last Update May 8, 2024
Total Questions : 51

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Questions 4

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

Options:

A.  

They are updated automatically when the Translation process is run.

B.  

They are updated automatically when the General Ledger period is opened.

C.  

A new balances cube is created for a unique combination of ledger and currency.

D.  

New dimensions can be added to a General Ledger balances cube.

E.  

They are updated automatically when the Revaluation process is run.

Discussion 0
Questions 5

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?

Options:

A.  

Assign the UK reference set to the user/role combination.

B.  

Assign the security context value of UK Ledger to the user/role combination.

C.  

Create a data access set that allows access to the UK Ledger.

D.  

Assign the General Accounting Manager role to those users.

Discussion 0
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Questions 6

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?

Options:

A.  

Ledger-level rule

B.  

Legal entity-level rule

C.  

Chart of accounts rule

D.  

Primary balancing segment rule

Discussion 0
Questions 7

For translation purposes, the Financials reporting team has decided to load the monthly Historical currency rates by using File-Based Data Interface (FBDI).

What happens to the existing historical rate for a specific ledger, currency, account combination, and accounting period if they use insert in the spreadsheet?

Options:

A.  

Historical rates are converted into an average rate (original and new rate).

B.  

The existing historical rate is deleted.

C.  

Nothing, existing historical rates are not updated.

D.  

The historical rate is replaced.

Discussion 0
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