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

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

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

2. Which two are valid Data Access Set types? (Choose two.)

A) Read and Write access
B) Read Only access
C) Full access
D) Full Ledger
E) Primary Balancing Segment Value

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

4. 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

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: