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| Section | Objectives |
|---|
| Advanced Financials Features | - Intercompany accounting
- 1. Intercompany transactions
- 2. Balancing and eliminations
- Allocations and automation
- 1. Allocation rules
- 2. Automated accounting processes
|
| 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
|
| Journal Processing | - Journal approvals and posting
- 1. Posting process and controls
- 2. Approval workflows
- Journal creation and management
- 1. Manual journals
- 2. Recurring journals
|
| Security and Integration | - Role-based access control
- 1. Financial roles and privileges
- Integration with subledgers
- 1. Data import and export processes
- 2. AP/AR integration with GL
|
| 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
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q102-Q107):
NEW QUESTION # 102
Which two statements are true regarding the Translation process? (Choose two.)
- A. The Translation process can only be used for translating the balances of Secondary ledgers.
- B. The Translation process can only be used to translate balance sheet accounts.
- C. The Translation process should be run before posting Period Close adjustment entries.
- D. If necessary, before submitting the Translation process, the Revaluation process should be completed.
- E. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
Answer: D,E
Explanation:
According to Oracle documentation1, the following statements are true regarding the Translation process:
Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account, and if necessary, before submitting the Translation process, the Revaluation process should be completed. The Translation process enables you to translate balances from one currency to another for reporting purposes.
The Translation process calculates any difference between the translated balance and the entered balance and posts it to the Cumulative Translation Adjustment account. The Revaluation process enables you to adjust balances denominated in foreign currencies to reflect current exchange rates. The Revaluation process should be completed before the Translation process to ensure that the balances are accurate. Therefore, options A and B are correct. Option C is incorrect because the Translation process should be run after posting Period Close adjustment entries. Option D is incorrect because the Translation process can be used for translating the balances of primary ledgers, secondary ledgers, and reporting currencies. Option E is incorrect because the Translation process can be used to translate both balance sheet accounts and income statement accounts.
NEW QUESTION # 103
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. Adjustment only level
- B. Journal level
- C. FBDI level
- D. Balance level
- E. Subledger level
Answer: A
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.Primary Ledgers, Secondary Ledgers, and Reporting Currencies,High Volume Data Migration Considerations for General Ledger,Reporting Currencies - Conversion Level Balance
NEW QUESTION # 104
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
Which feature can be used to proactively notify you of account anomalies in a more timely manner?
- A. Account Monitor
- B. Account Inspector and its charts
- C. Financial reports with embedded charts
- D. Smart View
Answer: A
NEW QUESTION # 105
What is the key functionality of Smart View in Oracle Cloud Financial Reporting?
- A. It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
- B. It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.
- C. It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
Answer: A
NEW QUESTION # 106
You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?
- A. Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.
- B. You can create a rule for all sources and categories by selecting the source "Other" and category "Other"
- C. You must define intercompany balancing rules for all sources, categories, and transaction types.
Answer: B
NEW QUESTION # 107
......
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