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| Section | Objectives |
|---|
| General Ledger Configuration | - Accounting calendar and currency setup - Chart of Accounts structure and segments - Ledger setup and accounting configuration
|
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools
|
| Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing
|
| Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls
|
| Journal Processing | - Journal import and automation - Journal creation and approval workflows - Recurring journals and allocations
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q97-Q102):
NEW QUESTION # 97
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. They are updated automatically when the Translation process is run.
- 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: C,E
NEW QUESTION # 98
Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis?
(Choose two.)
- A. Enterprise Performance Management Workspace
- B. Reports and Analytics
- C. Universal Content Management Workspace
- D. Scheduled Processes
- E. Business Process Management Workspace
Answer: A,B
Explanation:
The two options that allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis are Reports and Analytics and Enterprise Performance Management Workspace. Reports and Analytics is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Reports and Analytics from various pages in Oracle Fusion Applications or from Oracle Fusion Cloud Service Console. Enterprise Performance Management Workspace is a tool that allows users to access, create, edit, and share reports and analyses using data from various sources, including Oracle Transactional Business Intelligence. Users can access Enterprise Performance Management Workspace from Oracle Fusion Cloud Service Console or from a web browser. Universal Content Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to manage documents and other digital content in Oracle Fusion Applications. Business Process Management Workspace is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to monitor and manage business processes in Oracle Fusion Applications. Scheduled Processes is not an option that allows access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis, as this is a tool that allows users to submit, monitor, and manage scheduled processes in Oracle Fusion Applications. Reference: Oracle FinancialsCloud: General Ledger 2022 Implementation Professional Objectives - Use Oracle Transactional Business Intelligence (OTBI) 12
NEW QUESTION # 99
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. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
- B. Create two different value sets for the company and intercompany segments.
- C. Share the same value set for the company and intercompany segments.
- D. Define the intercompany segment with a default value.
Answer: C
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 # 100
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
- A. Subledger level
- B. Adjustment only level
- C. FBDI level
- D. Balance level
- E. Journal level
Answer: B
Explanation:
The adjustment only level is the data conversion level that ensures only manual journals will be entered in the secondary ledger. This level means that no data is copied from the primary ledger to the secondary ledger automatically. Instead, the user can enter manual adjustments in the secondary ledger to reflect the differences between the two accounting standards. This level is suitable for scenarios where the accounting methods or charts of accounts are very close 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, High Volume Data Migration Considerations for General Ledger, Reporting Currencies - Conversion Level Balance
NEW QUESTION # 101
What is the key function of currency revaluation?
- A. Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
- B. Converting the accounted balances from one currency to another target currency
- C. Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity
Answer: A
NEW QUESTION # 102
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