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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q95-Q100):
NEW QUESTION # 95
You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.
What should you enable to allow this?
- A. Allow Expansion in Report Functions
- B. Drill Through in Grid Properties
- C. Drill Down in Report Functions
- D. Nothing. All report are drillable
Answer: C
Explanation:
Reference:
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NEW QUESTION # 96
You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.
What should you configure?
- A. the AutoAccounting Definition
- B. Intercompany transaction type default accounts
- C. a Provider and Receiver distribution set
- D. the Transaction Account Definition
Answer: C
NEW QUESTION # 97
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
- A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- B. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- C. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- D. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
Answer: C
NEW QUESTION # 98
What are the two purposes of a secondary ledger? (Choose two.)
- A. It is used to main balances in a different currency only
- B. It should only be used to main balances for processing performance
- C. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
- D. It should not be used when trying to meet local accounting requirements
- E. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
Answer: C,E
NEW QUESTION # 99
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?
- A. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
- B. Run Revaluation to translate into Statistical Currency
- C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
- D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
Answer: A
NEW QUESTION # 100
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