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| Section | Objectives |
|---|
| Topic 1: 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 2: 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 3: General Ledger Configuration | - Accounting configuration
- 1. Currency setup and revaluation
- 2. Accounting calendars
- Enterprise structure setup for Financials
- 1. Chart of Accounts design and setup
- 2. Ledger configuration
|
| Topic 4: Accounting and Close Processes | - Financial reporting
- 1. Account analysis and reporting
- 2. Financial Reporting Studio usage
- Period close activities
- 1. Close monitoring and reconciliation
- 2. Subledger to GL reconciliation
|
| Topic 5: Advanced Financials Features | - Allocations and automation
- 1. Allocation rules
- 2. Automated accounting processes
- Intercompany accounting
- 1. Intercompany transactions
- 2. Balancing and eliminations
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q142-Q147):
NEW QUESTION # 142
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?
- A. Close the General Ledger period in the Manage Accounting Periods page.
- B. Close Intercompany periods in Fusion Intercompany.
- C. Freeze the Intercompany Journal source in General Ledger.
- D. Close all subledger periods.
Answer: B
NEW QUESTION # 143
Which Two are key capabilities of Account Groups within the General Accounting Dashboard?
- A. Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.
- B. Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.
- C. Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.
- D. Monitor key accounts automatically in real time on an exception or permanent basis.
Answer: B,D
NEW QUESTION # 144
Which two are predefined roles in General Ledger?
- A. General Accountant
- B. General Accounting Manager
- C. General Accounting Supervisor
- D. General Accounting Clerk
Answer: A,B
NEW QUESTION # 145
What is the key function of currency translation?
- A. Creating unrealized gain or loss journals for foreign currency transactions.
- B. Expressing the functional currency financial results of a subsidiary in the entity's reporting or consolidated currency.
- C. Adjusting the accounted value of foreign currency-denominated balances according to current conversion rates.
- D. Measuring current financial transactions that are denominated or stated in an accounting currency into the functional currency of the entity.
Answer: B
NEW QUESTION # 146
You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September 2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase orderfor that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)
- A. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.
- B. Purchase order encumbrance will be released for $2,100 US
- C. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.
- D. The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.
Answer: B,C
NEW QUESTION # 147
......
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