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

1. In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A) They can use "+" under the Apps section of the News Feed homepage
B) They can format certain tables by hiding and showing columns, moving columns, and resizing columns
C) They can have the System Administrator configuring pages for them using Page Composer
D) Users have very little control configuring their Springboards and Work Areas; they can only resize columns

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. Which two statements are true regarding the Translation process? (Choose two.)

A) The Translation process should be run before posting Period Close adjustment entries.
B) The Translation process can only be used for translating the balances of Secondary ledgers.
C) Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
D) The Translation process can only be used to translate balance sheet accounts.
E) If necessary, before submitting the Translation process, the Revaluation process should be completed.

4. Which delivered role can access the full functionality of Functional Setup Manager?

A) Application Implementation Consultant
B) Any functional user
C) Application Implementation Manager
D) IT Security Manager
E) Functional Setup Manager Superuser

5. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?

A) Define the company segment and assign both the primary balancing segment and intercompany segment labels.
B) Define the intercompany segment with a default value.
C) Share the same value set for the company and intercompany segments.
D) Create two different value sets for the company and intercompany segments.

Solutions: