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

1. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?

A) You have an unrealized exchange loss recorded.
B) The original journal entry in Euros remains the same.
C) There is no unrealized exchange gain or loss calculated.
D) You have an unrealized exchange gain recorded.
E) The original journal entry in Euros is updated.

2. You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A) Redefine the geography hierarchy.
B) Define the Geography Validation for Country option to Error.
C) Redefine the location structure.
D) Define the Geography Validation for Country option to No Validation.

3. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)

A) The Style Template
B) Output type
C) The layout Template
D) The Sub Template
E) The Data Model

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

5. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)

A) You have an unrealized exchange loss recorded.
B) The original journal entry in Euros remains the same.
C) There is no unrealized exchange gain or loss calculated.
D) You have an unrealized exchange gain recorded.
E) The original journal entry in Euros is updated.

Solutions: