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| Section | Objectives |
|---|
| Topic 1: Journal Processing | - Journal approvals and posting
- 1. Approval workflows
- 2. Posting process and controls
- Journal creation and management
- 1. Recurring journals
- 2. Manual journals
|
| Topic 2: Advanced Financials Features | - Allocations and automation
- 1. Allocation rules
- 2. Automated accounting processes
- Intercompany accounting
- 1. Balancing and eliminations
- 2. Intercompany transactions
|
| Topic 3: 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 4: General Ledger Configuration | - Enterprise structure setup for Financials
- 1. Ledger configuration
- 2. Chart of Accounts design and setup
- Accounting configuration
- 1. Accounting calendars
- 2. Currency setup and revaluation
|
| Topic 5: Security and Integration | - Integration with subledgers
- 1. AP/AR integration with GL
- 2. Data import and export processes
- Role-based access control
- 1. Financial roles and privileges
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q78-Q83):
NEW QUESTION # 78
Budgetary control for accounts5020and5021has a budget of$90,000 USDeach for the year2012. The accounts also have balances onobligation of $10,000 USDfor each and anexpenditure of $20,000 USDfor each.
AFund of $50,000 USDis available for account5020only. You have run theEncumbrance Year End Carry Forward processfor obligation from the last period of the year2012to the first period of year2013.
Which statement is true?
- A. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
- B. 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.
- 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 obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Answer: B
NEW QUESTION # 79
Which Two predefined job roles automatically have the assigned privileges to access Financial Reporting Center?
- A. Intercompany Manager
- B. Payables Supervisor
- C. Budget Manager
- D. Account Receivables Manager
- E. General Accounting Manager
Answer: C,E
NEW QUESTION # 80
You want to achievemulti-step cascading allocations. Which feature do you use?
- A. Formulas
- B. RuleSets
- C. General Ledger journal entries
- D. Point of View (POV)
Answer: B
NEW QUESTION # 81
Which three factors should you consider while specifying Intercompany System options?
- A. Approvers who will approve intercompany transactions
- B. Automatic or manual batch numbering and the minimum transaction amount
- C. Whether to allow receivers to reject intercompany transactions
- D. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- E. Automatic or manual batch numbering and the maximum transaction amount
Answer: B,C,D
Explanation:
Intercompany System options are used to set up intercompany processing rules at the enterprise level, based on your specific business needs. They help you standardize and simplify transaction processing, minimize disputes, and reduce administrative costs. The three factors that you should consider while specifying Intercompany System options are:
Automatic or manual batch numbering and the minimum transaction amount: These options help you control the numbering and the size of intercompany transactions. You can choose to use system generated or manual batch numbering, and you can specify a minimum threshold amount for intercompany transactions to prevent immaterial transactions. To use the minimum transaction amount option, you must also select an Intercompany currency option.
Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies: This option helps you manage the currency risk and the conversion rate fluctuations for intercompany transactions. You can choose to standardize transaction processing by selecting an Intercompany currency, which means that all intercompany transactions created in the Intercompany module are entered in this currency. Alternatively, you can choose to allow intercompany transactions in local currencies, which means that intercompany transactions can be entered in the ledger currency of the sender or the receiver.
Whether to allow receivers to reject intercompany transactions: This option helps you handle the approval and dispute resolution process for intercompany transactions. You can choose to allow receivers to reject intercompany transactions if they disagree with the sender's information, such as the amount, the account, or the date. If you enable this option, you must also specify the rejection reason and the notification details for the sender.
:
Intercompany System Options
Implementing Enterprise Structures and General Ledger
Implement General Ledger
NEW QUESTION # 82
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
- B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
- C. Each product has its own Intercompany Accounting feature that needs to be configured separately.
- D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
Answer: B,C
Explanation:
According to Oracle documentation1, the following statements are true regarding intercompany accounting for Financials Cloud, Projects, Inventory, and SCM: Each product has its own Intercompany Accounting feature that needs to be configured separately, and Intercompany Balancing Rules are defined centrally and applied across Financials and Projects. Intercompany accounting is the process of recording transactions between related entities within an enterprise or between groups in the same legal entity. Each product has its own Intercompany Accounting feature that enables you to create, process, and reconcile intercompany transactions. Intercompany Balancing Rules are used to generate balancing entries for journals that are out of balance by legal entity or primary balancing segment values. Intercompany Balancing Rules are defined in General Ledger and applied across Financials and Projects. Therefore, options A and C are correct. Option B is incorrect because Intercompany Balancing Rules are not used to balance cross-ledger allocation journals.
Option D is incorrect because Intercompany balancing rules in General Ledger do not need to be mapped with the intercompany configuration in each product.
NEW QUESTION # 83
......
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