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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q41-Q46):

NEW QUESTION # 41
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?

A. They are updated automatically when the Revaluation process is run.
B. They are updated automatically when the Translation process is run.
C. A new Balances Cube is created for a unique combination of Ledger and Currency.
D. New dimensions can be added to a General Ledger Balances Cube.
E. They are updated automatically when the General Ledger period is opened.

Answer: B,E

NEW QUESTION # 42
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A. Mapping Sets
B. Transaction Objects
C. Accounting Attributes
D. Event Entities

Answer: B

NEW QUESTION # 43
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.

A. Analyze external system transactions.
B. Determine the accounting impact of transactions.
C. Create the accounting in the source system and then import the journal entries into subledger accounting.
D. Capture accounting events.

Answer: C

NEW QUESTION # 44
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. Define the Geography Validation for Country option to No Validation.
B. Redefine the location structure.
C. Define the Geography Validation for Country option to Error.
D. Redefine the geography hierarchy.

Answer: C

Explanation:
Geography validation is a feature that enables you to validate the address information entered for a location against the geography hierarchy defined for a country. You can set the Geography Validation for Country option to one of the following values:
* No Validation: No validation is performed on the address information.
* Warning: A warning message is displayed if the address information does not match the geography hierarchy, but the user can still save the address.
* Error: An error message is displayed if the address information does not match the geography hierarchy, and the user cannot save the address until the error is corrected. To ensure that only valid addresses are entered in the system, you should set the Geography Validation for Country option to Error. This will prevent users from saving erroneous address data and enforce data quality and accuracy. References:
* Oracle Financials Cloud: Enterprise Structures with General Ledger Implementation, Chapter 2: Define Geographies, Section: Geography Validation
* Oracle Financials Cloud: Implementing Enterprise Structures and General Ledger, Chapter 2: Define Geographies, Section: Geography Validation

NEW QUESTION # 45
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. Assign the UK reference set to the user/role combination.
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. Create a data access set that allows access to the UK Ledger.

Answer: D

Explanation:
Data access sets are collections of ledgers that define the data security for users who access General Ledger.
Users can only access the ledgers that are assigned to them through data access sets. To allow users with the General Accountant job role to access the UK Ledger, you need to create a data access set that includes the UK Ledger and assign it to the user/role combination. You also need to specify the access privilege for the data access set, which can be Full Ledger, Both Read and Write, or Read Only. In this case, you need to select Both Read and Write to allow read/write access to the full ledger. References:
* Implement General Ledger
* GL_ACCESS_SET_LEDGERS
* The Default Data Access Set
* Overview of General Ledger Security

NEW QUESTION # 46
......

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