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| Section | Objectives |
|---|
| Topic 1: Advanced Financials Features | - Allocations and automation
- 1. Automated accounting processes
- 2. Allocation rules
- Intercompany accounting
- 1. Intercompany transactions
- 2. Balancing and eliminations
|
| Topic 2: General Ledger Configuration | - Accounting configuration
- 1. Accounting calendars
- 2. Currency setup and revaluation
- Enterprise structure setup for Financials
- 1. Ledger configuration
- 2. Chart of Accounts design and setup
|
| Topic 3: Security and Integration | - Integration with subledgers
- 1. Data import and export processes
- 2. AP/AR integration with GL
- Role-based access control
- 1. Financial roles and privileges
|
| Topic 4: Journal Processing | - Journal approvals and posting
- 1. Approval workflows
- 2. Posting process and controls
- Journal creation and management
- 1. Manual journals
- 2. Recurring journals
|
| Topic 5: Accounting and Close Processes | - Financial reporting
- 1. Financial Reporting Studio usage
- 2. Account analysis and reporting
- Period close activities
- 1. Subledger to GL reconciliation
- 2. Close monitoring and reconciliation
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q92-Q97):
NEW QUESTION # 92
You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer ' s Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
- A. Balance level
- B. Sub-ledger level.
- C. Journal ledger
- D. Adjustment only
Answer: A
Explanation:
To keep a thin secondary ledger, you should select the balance level as the data conversion level. This means that only the ending balances of the primary ledger are copied to the secondary ledger at the end of each period. This reduces the data volume and storage requirements of the secondary ledger, as well as the processing time and resources needed to copy the data. The balance level conversion is suitable for scenarios where the accounting methods or charts of accounts are similar between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger. References: Primary Ledgers, Secondary Ledgers, and Reporting Currencies, How Journals Are Copied from Primary to Secondary Ledgers When ..., GL Secondary Ledger Conversion Level Change
NEW QUESTION # 93
After user acceptance testing of the new Oracle Fusion Cloud system, the company's accountants report that they want to be notified of anomalies in certain account balances in real time. The anomalies should include an increase or decrease that is above or below a percentage amount threshold.
What is the best way to meet this requirement?
- A. Open a Smart View file saved on your desktop.
- B. Create an Account Group using Account Monitor.
- C. Perform an account analysis online.
- D. Use Account Inspector.
Answer: B
NEW QUESTION # 94
The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?
- A. The process validates all your data before it creates journal entries in General Ledger.
- B. Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
- C. You can only validate and select to transfer journal data in the Summary mode.
- D. FBDI can be used to upload journal entry data from external sources into General Ledger.
Answer: A,D
NEW QUESTION # 95
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
- A. Ledger-level rule
- B. Legal entity-level rule
- C. Chart of accounts rule
- D. Primary balancing segment rule
Answer: D
Explanation:
When balancing an intercompany journal, Oracle Fusion Cloud will first look for a primary balancing segment rule that matches the provider and receiver primary balancing segment values. If such a rule exists, it will be used to generate the intercompany receivables and payables accounts. If not, Oracle Fusion Cloud will look for a chart of accounts rule, then a legal entity-level rule, and finally a ledger-level rule. The primary balancing segment rule has the highest priority and the ledger-level rule has the lowest priority. References:
Overview of Intercompany Balancing Rules
Intercompany Balancing Rules
Troubleshooting Guide For Intercompany Balancing
Example of Generating Intercompany Receivables and Intercompany Payables Accounts
NEW QUESTION # 96
Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
- C. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
- D. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
- E. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward.
Answer: E
NEW QUESTION # 97
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