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| Section | Objectives |
|---|
| Topic 1: Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools
|
| Topic 2: Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls
|
| Topic 3: Journal Processing | - Journal import and automation - Journal creation and approval workflows - Recurring journals and allocations
|
| Topic 4: Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing
|
| Topic 5: General Ledger Configuration | - Ledger setup and accounting configuration - Accounting calendar and currency setup - Chart of Accounts structure and segments
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q68-Q73):
NEW QUESTION # 68
Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?
- A. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
- B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
- C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
- D. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
Answer: A
NEW QUESTION # 69
You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)
- A. You have not uploaded it to Financial Reporting Center.
- B. You have not saved it in the Shared Folder/Custom/Financials directory.
- C. You have not saved it in the MyFolders directory.
- D. You have not downloaded the report to your local drive.
Answer: A,C
Explanation:
According to Oracle documentation, two reasons why a Financial Reporting Web Studio report may not appear as a choice in Financial Reporting Center are: You have not saved it in the Shared Folder/Custom/Financials directory, and you have not uploaded it to Financial Reporting Center. Financial Reporting Web Studio enables you to design and generate reports with grids, charts, images, and text boxes using data from various sources. Financial Reporting Center enables you to access and run all types of reports from a single user interface. To make a Financial Reporting Web Studio report available in Financial Reporting Center, you must save it in the Shared Folder/Custom/Financials directory and upload it to Financial Reporting Center using Workspace. Therefore, options A and C are correct. Option B is incorrect because saving it in the MyFolders directory does not make it available in Financial Reporting Center. Option D is incorrect because downloading it to your local drive does not make it available in Financial Reporting Center.
NEW QUESTION # 70
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
- A. Share the same value set for the company and intercompany segments.
- B. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
- C. Create two different value sets for the company and intercompany segments.
- D. Define the intercompany segment with a default value.
Answer: A
Explanation:
According to Oracle documentation3, Oracle's recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompany segment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.
NEW QUESTION # 71
You have created several account groups with the Display in option as Expenses.
Which setting determines the account group that will be displayed in the General Accounting infolets on your home page?
- A. Set in Expenses
- B. Set as Default
- C. Access is Public
- D. Access is Shared
Answer: B
NEW QUESTION # 72
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View. Which Smart View tool would be best for this?
- A. Query Designer
- B. Account Groups
- C. Smart Queries
- D. Smart Slices
Answer: A
Explanation:
Query Designer is a Smart View tool that enables you to create and modify ad hoc queries on General Ledger balances cubes. You can use Query Designer to select the dimensions, members, and filters that you want to include in your query, and then retrieve the data in a grid format in Excel. You can also save, open, and refresh your queries as needed. Query Designer is the best tool for producing an income statement on a regular basis using Smart View, because it allows you to easily access and analyze the income and expense accounts, as well as the ledger, period, currency, and other dimensions that are relevant for your report. You can also customize the layout and format of your grid, and use Excel functions and features to enhance your report.Reference:
Overview of Smart View
Creating an Ad Hoc Analysis in Smart View
NEW QUESTION # 73
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