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| Section | Objectives |
|---|
| Topic 1: General Ledger Configuration | - Accounting configuration
- 1. Accounting calendars
- 2. Currency setup and revaluation
- Enterprise structure setup for Financials
- 1. Chart of Accounts design and setup
- 2. Ledger configuration
|
| Topic 2: Advanced Financials Features | - Intercompany accounting
- 1. Intercompany transactions
- 2. Balancing and eliminations
- Allocations and automation
- 1. Allocation rules
- 2. Automated accounting processes
|
| Topic 3: Accounting and Close Processes | - Financial reporting
- 1. Financial Reporting Studio usage
- 2. Account analysis and reporting
- Period close activities
- 1. Close monitoring and reconciliation
- 2. Subledger to GL reconciliation
|
| Topic 4: Security and Integration | - Role-based access control
- 1. Financial roles and privileges
- Integration with subledgers
- 1. AP/AR integration with GL
- 2. Data import and export processes
|
| Topic 5: Journal Processing | - Journal creation and management
- 1. Manual journals
- 2. Recurring journals
- Journal approvals and posting
- 1. Approval workflows
- 2. Posting process and controls
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q53-Q58):
NEW QUESTION # 53
You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accountsare correctly defined.
What should you do? (Choose three.)
- A. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets.
- B. Use HCM's Enterprise Structure Configurator (ESC) first.
- C. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies.
- D. Use the Rapid Implementation spreadsheet when creating your enterprise structure.
- E. Deploy your chart of accounts.
Answer: A,B,D
NEW QUESTION # 54
In a primary ledger, under the System options, in the Close section, the "Prevent General Ledger Period Closure When Open Subledger Periods Exist" option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?
- A. Accounts Payable
- B. Order Management
- C. Lease Accounting
Answer: A
NEW QUESTION # 55
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?
- A. They are updated automatically when the Revaluation process is run.
- B. A new Balances Cube is created for a unique combination of Ledger and Currency.
- C. New dimensions can be added to a General Ledger Balances Cube.
- D. They are updated automatically when the Translation process is run.
- E. They are updated automatically when the General Ledger period is opened.
Answer: D,E
NEW QUESTION # 56
When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets.
When defining new related value sets, which three configuration steps should be considered?
- A. Use table validated type value sets only
- B. Link multiple value sets together
- C. Use independent validation type value sets only
- D. Link two value sets together
- E. Order of the segments determines filtering sequence
- F. Order of the segments does not determine filtering sequence.
Answer: C,D,E
NEW QUESTION # 57
After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)
- A. Profile option
- B. Journal category
- C. Journal lookup codes
- D. Journal sources
- E. Ledger options
Answer: D,E
Explanation:
To achieve the requirement of only single currency journals being entered for this company, you should enable "Limit a Journal to a Single Currency" on both ledger options and journal sources. Ledger options are settings that apply to a specific ledger, such as journal processing options, currency options, and average balance processing options. Journal sources are identifiers that indicate where a journal originated, such as manual entry, subledger accounting, or import. You can enable "Limit a Journal to a Single Currency" on both ledger options and journal sources using the Specify Ledger Options and Manage Journal Sources tasks in Setup and Maintenance. This will enforce single currency journals for journals entered on the Create Journal page and for journals that are imported. You do not need to enable "Limit a Journal to a Single Currency" on journal lookup codes, as these are codes that indicate the status of a journal, such as Entered, Posted, or Reversed. You do not need to enable "Limit a Journal to a Single Currency" on journal category, as this is an attribute that classifies journals by purpose or function, such as Purchase Invoices or Allocations.
You do not need to enable "Limit a Journal to a Single Currency" on profile option, as this is a setting that affects the behavior of an application or feature for a user or responsibility. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12
NEW QUESTION # 58
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