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| Section | Objectives |
|---|
| Journal Processing | - Journal creation and management
- 1. Manual journals
- 2. Recurring journals
- Journal approvals and posting
- 1. Approval workflows
- 2. Posting process and controls
|
| Accounting and Close Processes | - Financial reporting
- 1. Account analysis and reporting
- 2. Financial Reporting Studio usage
- Period close activities
- 1. Subledger to GL reconciliation
- 2. Close monitoring and reconciliation
|
| Security and Integration | - Role-based access control
- 1. Financial roles and privileges
- Integration with subledgers
- 1. AP/AR integration with GL
- 2. Data import and export processes
|
| Advanced Financials Features | - Intercompany accounting
- 1. Intercompany transactions
- 2. Balancing and eliminations
- Allocations and automation
- 1. Allocation rules
- 2. Automated accounting processes
|
| General Ledger Configuration | - Enterprise structure setup for Financials
- 1. Ledger configuration
- 2. Chart of Accounts design and setup
- Accounting configuration
- 1. Currency setup and revaluation
- 2. Accounting calendars
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q26-Q31):
NEW QUESTION # 26
What are thetwo possible reasonsforencumbrance created on the purchase orderto go back to thebudget or funds availability?
- A. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the budget to the extent of the unreceived amount.
- B. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice.
- C. The requisition reserved successfully undergoes amendment and is rejected in the reapproval.
- D. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.
Answer: A,B
NEW QUESTION # 27
What is the key functionality of Smart View in Oracle Cloud Financial Reporting?
- A. It is a data visualization tool that offers a library of interactive charts and graphs for financial analysis.
- B. It is a mobile application for accessing real-time financial dashboards on smartphones and tablets.
- C. It is an Excel based add in that integrates with Oracle Essbase GL data for performing financial analysis and reporting.
Answer: C
NEW QUESTION # 28
You are planning to use the Related Value Sets feature with your Chart of Accounts to create a dependency between the Company and Cost Center segments. For example, when using Company 101, the list of displayed cost centers should be in the range 100 to 199. When setting up your value sets, which validation type should you choose for the Cost Center segment?
- A. Dependent
- B. Table
- C. Independent
- D. Subset
Answer: C
Explanation:
Related Value Sets in Oracle Fusion Cloud are used to create a relationship between two value sets so that the valid values of one segment are restricted based on the value selected in a preceding segment.
The important correction here is that the value sets used in related value set configuration must be Independent value sets, not Dependent value sets. A Dependent validation type is a different value-set mechanism and is not the correct setup for Related Value Sets in the Chart of Accounts. Oracle documentation explains that related value sets define dependencies where the values shown for a succeeding segment are filtered by the selected predecessor value, and both value sets must be independent.
NEW QUESTION # 29
Which two infolets are used for monitoring day-to-day operations?
- A. Account Monitor
- B. Close Monitor
- C. IC Transactions
- D. Unallocated
- E. Open Subledgers
Answer: C,E
Explanation:
Day-to-day operational monitoring in Oracle General Ledger focuses on identifying open operational activity and intercompany processing exceptions that could delay accounting or period close. The Open Subledgers infolet helps monitor subledgers that are still open and may require action before period close. The IC Transactions infolet supports monitoring of intercompany transaction activity and exceptions. "Close Monitor" is broader close-management functionality, not simply an operational infolet. "Unallocated" may relate to allocations, but it is not one of the two primary day-to-day monitoring infolets in this question. Oracle documentation describes the Open Subledgers infolet as tracking modules still open and providing drill-down capability into the close process, while General Accounting infolets provide quick access to important operational information.
NEW QUESTION # 30
You are setting up Close Monitor for your organization. What is the key consideration when selecting the ledgers or ledger sets that form part of the Close Monitor hierarchy?
- A. The members of the Close Monitor hierarchy must all be primary ledgers or secondary ledgers.
- B. The members of the Close Monitor hierarchy must all share the same accounting convention.
- C. The members of the Close Monitor hierarchy must share a common Chart of Accounts and calendar.
Answer: C
NEW QUESTION # 31
......
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