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

1. 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?

A) Nothing, existing historical rates are not updated.
B) Historical rates are converted into an average rate (original and new rate).
C) The existing historical rate is deleted.
D) The historical rate is replaced.

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

3. 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.

4. You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?

A) Ad Hoc Analysis
B) Query Designer
C) Smart Queries
D) Smart Slices

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?

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

Solutions: