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| Section | Objectives |
|---|
| Topic 1: Advanced Financials Features | - Allocations and automation
- 1. Automated accounting processes
- 2. Allocation rules
- Intercompany accounting
- 1. Intercompany transactions
- 2. Balancing and eliminations
|
| Topic 2: General Ledger Configuration | - Enterprise structure setup for Financials
- 1. Chart of Accounts design and setup
- 2. Ledger configuration
- Accounting configuration
- 1. Currency setup and revaluation
- 2. Accounting calendars
|
| Topic 3: 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
|
| Topic 4: Accounting and Close Processes | - Period close activities
- 1. Close monitoring and reconciliation
- 2. Subledger to GL reconciliation
- Financial reporting
- 1. Account analysis and reporting
- 2. Financial Reporting Studio usage
|
| Topic 5: Journal Processing | - Journal creation and management
- 1. Manual journals
- 2. Recurring journals
- Journal approvals and posting
- 1. Posting process and controls
- 2. Approval workflows
|
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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions (Q44-Q49):
NEW QUESTION # 44
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
- A. Cost center
- B. Intercompany Segment
- C. Natural Account
- D. Primary Balancing
- E. Secondary Balancing
Answer: A,C,D
Explanation:
The three labels that are required when designing the chart of account structure for this project are Primary Balancing, Cost center, and Natural Account. A chart of account structure is composed of segments that represent different dimensions of accounting information, such as company, department, account, or project.
Each segment has a label that indicates its function or purpose within the chart of accounts. The Primary Balancing label is required for the segment that identifies the legal entity or business unit for which financial statements are prepared and balanced. The Cost center label is required for the segment that identifies the organizational unit or function that incurs expenses or generates revenues. The Natural Account label is required for the segment that identifies the nature of an account, such as asset, liability, revenue, or expense.
The Intercompany Segment label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies intercompany transactions between different legal entities or business units within the same enterprise. The Secondary Balancing label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies an additional balancing dimension other than the primary balancing segment, such as fund or region. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts 12
NEW QUESTION # 45
You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?
- A. Manage Intercompany Transaction Types
- B. Manage Intercompany System Options
- C. Manage Intercompany Receivables Assignment
- D. Manage Intercompany Organizations
Answer: A
NEW QUESTION # 46
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?
- A. Spreadsheet level
- B. Adjustment only level
- C. Journal Level
- D. Balances Level
- E. Subledger level
Answer: D
Explanation:
According to Oracle documentation, when there is a business requirement for a subsidiary company to report to the parent company on a monthly basis with different currencies and no requirement to have daily balances, you should recommend Balance level as the data conversion level. A Balance level data conversion level enables you to translate balances from one currency to another at month-end or quarter-end for reporting purposes. A Balance level data conversion level minimizes the data stored in the reporting currency because it does not store daily balances or journal details. Therefore, option D is correct. Option A is incorrect because a Subledger level data conversion level stores daily balances and journal details in the reporting currency.
Option B is incorrect because a Journal Level data conversion level stores journal details in the reporting currency. Option C is incorrect because an Adjustment only level data conversion level does not translate balances from one currency to another. Option E is incorrect because a Spreadsheet level data conversion level does not exist.
NEW QUESTION # 47
You want to automatically post journal batches imported from subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
- A. Create your AutoPost criteria using minimal sources and categories.
- B. Schedule your AutoPost Criteria set to run during off-peak hours only.
- C. Include all of your subledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
- D. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
Answer: C,D
NEW QUESTION # 48
Which two statements are true about infotiles and infolets?
- A. Infotiles pull data from a Smart View analysis.
- B. Infolets are accessed only from the News Feed home page layout.
- C. Infotiles have Front view. Back view, and Expanded view.
- D. You can create your own user-defined infolets.
- E. You can refresh infolets to see up-to-date data.
Answer: C,E
NEW QUESTION # 49
......
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