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Provide Valid Dumps To Help You Prepare For Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Exam
NEW QUESTION # 63
Your customer isexpanding its operations. You defined a newledgerand severalbusiness units. However, you areunable to assignthe newly generateddata rolesto existingAccounts Payables and Accounts Receivablesusers in the shared service center.
What should you do to correct the problem?
- A. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
- B. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
- C. Open Access Policy Manager (APM) and assign the roles manually.
- D. Open the Manage Users page and make sure the employees at
Answer: C
NEW QUESTION # 64
You have been tasked with creating user-defined infolets to monitor key financial metrics. However, you cannot see the option to create infolets in the Infolet repository. What are the two requirements to be able to see the Create option?
- A. You must define your OTBl analyses.
- B. You must publish a sandbox.
- C. You must be in a sandbox.
- D. You must activate Page Composer.
- E. You must create a dashboard.
Answer: C,D
NEW QUESTION # 65
You are implementingFinancials Cloudand are usingspreadsheetsto loadLegal Entities, Business Units, and Account Hierarchies.
Which threesetup objectscan be loaded via aspreadsheetfromFunctional Setup Manager?
- A. Setup data for Receivables and Payables product.
- B. Banks, Bank Accounts, and Branches
- C. Suppliers and Customers
- D. Complete Accounting Configuration
- E. Chart of account values, accounting calendar, and ledger
Answer: B,C,E
NEW QUESTION # 66
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
- A. Trial Balance report
- B. OTBI report
- C. Financial Reporting Web Studio report
- D. Account group
Answer: C
Explanation:
To view high-level profit and loss results for each ledger in the Close Monitor, you need to associate a Financial Reporting Web Studio report with the ledger set. This report should be based on the General Ledger Balances cube and should include the Income Statement account group as a row dimension. The report should also have the ledger set as a point of view dimension and the period and currency as user prompts. This way, you can select the ledger set, period, and currency when you run the report from the Close Monitor and see the aggregated income statement results for each ledger and consolidation node in the ledger set hierarchy.Overview of Close Monitor,Using General Ledger,Close Monitor Issue
NEW QUESTION # 67
You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
- A. Capture accounting events.
- B. Determine the accounting impact of transactions.
- C. Analyze external system transactions.
- D. Create the accounting in the source system and then import the journal entries into subledger accounting.
Answer: D
NEW QUESTION # 68
Which two statements areTRUEregarding theBalances CubesinGeneral Ledger?
- A. They are updated automatically when the Translation 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 Revaluation process is run.
- D. They are updated automatically when the General Ledger period is opened.
- E. New dimensions can be added to a General Ledger Balances Cube.
Answer: A,D
NEW QUESTION # 69
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 share a common Chart of Accounts and calendar.
- C. The members of the Close Monitor hierarchy must all share the same accounting convention.
Answer: B
NEW QUESTION # 70
Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 137,000 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.25 USD.
What two statements are true about the resulting revaluation run?
- A. The original journal entry in Euros is updated.
- B. You have an unrealized exchange gain recorded.
- C. You have an unrealized exchange loss recorded.
- D. The original journal entry in Euros remains the same.
Answer: B,D
Explanation:
The original foreign currency journal is not changed by revaluation. Revaluation creates a separate revaluation journal to adjust the accounted ledger-currency value of foreign-currency-denominated balances. Here, the original USD equivalent is 137,000 USD, but the revalued amount is 100,000 EUR ×
1.25 = 125,000 USD. Because the liability balance decreases from 137,000 USD to 125,000 USD, the company records an unrealized exchange gain. A liability becoming smaller in ledger currency is favorable, so it is a gain, not a loss. The Euro transaction balance remains intact because revaluation adjusts the accounted value, not the original entered currency transaction. Oracle General Ledger revaluation uses generated journals to record unrealized gain or loss adjustments rather than rewriting the original journal.
NEW QUESTION # 71
Your customer has alarge number of legal entities. Thelegal entity valuesare defined in thecompany segment and the primary balancing segment.
They want to easily createeliminating entriesfor theintercompany activity.
What should you recommend?
- A. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
- B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
- C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
- D. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
Answer: D
NEW QUESTION # 72
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
- A. Chart of accounts rule
- B. Primary balancing segment rule
- C. Legal entity-level rule
- D. Ledger-level rule
Answer: A
Explanation:
You should define the default intercompany balancing rule at the legal entity level, because each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value. This way, you can specify the intercompany receivables and payables accounts for each legal entity and ensure that the journals are balanced by legal entity or primary balancing segment values. A ledger-level rule would apply to all legal entities in the ledger, which may not be appropriate if they have different intercompany accounts. A primary balancing segment rule would apply to all ledgers that share the same chart of accounts, which may not be desirable if they have different intercompany rules. A chart of accounts rule would apply to all ledgers and legal entities that use the same chart of accounts, which may not be feasible if they have different intercompany segments or accounts. References:
Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules Overview of Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules Troubleshooting Guide For Intercompany Balancing, Section: 1. Journals and subledger accounting entries are not being balanced for intercompany activity Implement General Ledger, Section: Intercompany Balancing
NEW QUESTION # 73
The Vision Corporation Chart of Accounts is used by four ledgers, two of which share the same calendar and the other two have their own distinct calendars.
How many balances cubes are automatically created?
- A. Three balances cubes
- B. One balances cube
- C. Four balances cubes
- D. Two balances cubes
Answer: A
Explanation:
Oracle General Ledger balances cubes are created based on the unique combination of Chart of Accounts and accounting calendar. In this scenario, all four ledgers use the same Chart of Accounts, so the Chart of Accounts does not create additional cube variation. However, the calendars do. Two ledgers share one calendar, while the other two ledgers each use their own distinct calendar. That produces three unique Chart of Accounts and calendar combinations: shared calendar combination, second distinct calendar combination, and third distinct calendar combination. Therefore, three balances cubes are created automatically. The candidate answer "two balance cubes" is incorrect.
Oracle documentation states that General Ledger balances cubes are created for each combination of Chart of Accounts and accounting calendar.
NEW QUESTION # 74
Which three are considered legal jurisdictions?
- A. Single Country
- B. Identifying Zone
- C. State
- D. Group of Countries
- E. Post Code
Answer: A,C,D
NEW QUESTION # 75
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View. Which Smart View tool would be best for this?
- A. Query Designer
- B. Smart Queries
- C. Account Groups
- D. Smart Slices
Answer: A
Explanation:
Query Designer is a Smart View tool that enables you to create and modify ad hoc queries on General Ledger balances cubes. You can use Query Designer to select the dimensions, members, and filters that you want to include in your query, and then retrieve the data in a grid format in Excel. You can also save, open, and refresh your queries as needed. Query Designer is the best tool for producing an income statement on a regular basis using Smart View, because it allows you to easily access and analyze the income and expense accounts, as well as the ledger, period, currency, and other dimensions that are relevant for your report. You can also customize the layout and format of your grid, and use Excel functions and features to enhance your report.Reference:
Overview of Smart View
Creating an Ad Hoc Analysis in Smart View
NEW QUESTION # 76
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. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
- D. Each product has its own Intercompany Accounting feature that needs to be configured separately.
Answer: B,D
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 # 77
You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
- A. Sub-ledger level.
- B. Adjustment only
- C. Balance level
- D. Journal ledger
Answer: C
Explanation:
To keep a thin secondary ledger, you should select the balance level as the data conversion level. This means that only the ending balances of the primary ledger are copied to the secondary ledger at the end of each period. This reduces the data volume and storage requirements of the secondary ledger, as well as the processing time and resources needed to copy the data. The balance level conversion is suitable for scenarios where the accounting methods or charts of accounts are similar 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,How Journals Are Copied from Primary to Secondary Ledgers When ...,GL Secondary Ledger Conversion Level Change
NEW QUESTION # 78
You are using Oracle General Ledger (GL), Oracle Payables, and Oracle Receivables and you want to prevent the closure of the GL period if the corresponding subledger period is not closed. How do you achieve this?
- A. Set the relevant option on the Specify Ledger Options page.
- B. You don ' t have to do anything; this option is enabled automatically.
- C. Opt in to the Prevent Period Close option for the offering.
- D. Set the ORA_GLJNCLD_STRICT_PRD_CLOSE profile option to yes.
Answer: A
Explanation:
You can prevent the closure of a General Ledger accounting period if the accounting period for any of the corresponding subledgers is still open, or if incomplete accounting entries or transactions exist for the period.
This can help ensure an effective period close process that validates all transactions are complete and aren't held up during the close. To enable this feature, you need to set the relevant option on the Specify Ledger Options page for each primary ledger. The option is called Prevent General Ledger Period Closure When Open Subledger Periods Exist and it is located in the Period Close section. You can also specify which subledgers to include or exclude from the validation, except for Assets, which is automatically excluded by default. References:
How to Prevent a General Ledger Period from Closing When Open Subledger Periods Exist Period Close Components Review: Prevent General Ledger Period Closure When Open Subledger Periods Exist
NEW QUESTION # 79
You are creating a journal approval rule and need to assign the approval to multiple controllers in parallel.
Which assignee type should you use?
- A. Single
- B. Parallel
- C. FYI
- D. Serial
Answer: B
Explanation:
When multiple approvers must receive and act on an approval at the same time, the correct assignee type is Parallel. Parallel approval routing sends approval notifications concurrently to the selected approvers, which is suitable when multiple controllers must review the same journal without waiting for each other in sequence. Serial routing would send the approval to one approver after another, delaying the process and creating a dependency between approvers. Single would route to one assignee only and therefore would not meet the requirement for multiple controllers. FYI is informational and does not require approval action. Because the requirement explicitly says multiple controllers must approve in parallel, the assignee type must be Parallel.
NEW QUESTION # 80
You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?
- A. Access Policy Manager's Role Generation
- B. You cannot reassign contingent workers
- C. Oracle Identity Manager Roles Assignment
- D. Data Roles
- E. Role Mappings
Answer: E
NEW QUESTION # 81
Which two statements are true about infotiles and infolets?
- A. You can refresh infolets to see up-to-date data.
- B. Infotiles have Front view. Back view, and Expanded view.
- C. You can create your own user-defined infolets.
- D. Infolets are accessed only from the News Feed home page layout.
- E. Infotiles pull data from a Smart View analysis.
Answer: A,B
Explanation:
Infotiles and infolets are graphical components that display key information and metrics on the General Accounting dashboard. They help users access many sources of information across the enterprise in an efficient, timely, and engaging manner. Infolets can be refreshed to see up-to-date data by clicking the Refresh icon on the infolet. Infotiles have three views: Front view, which shows a summary of the most important information; Back view, which shows additional details and actions; and Expanded view, which shows a full-screen view of the infotile content.Reference:
Oracle Financials Cloud: Using General Ledger, Chapter 6: Financial Reporting and Analysis, Section: General Accounting Infolets Oracle Financials Cloud: Implement General Ledger, Chapter 1: Overview of Oracle Financials Cloud, Section: Overview of Using Infolets to Identify Issues and Prioritize Tasks
NEW QUESTION # 82
Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?
- A. Assign the General Accounting Manager role to those users.
- B. Assign the UK reference set to the user/role combination.
- C. Assign the security context value of UK Ledger to the user/role combination.
- D. Create a data access set that allows access to the UK Ledger.
Answer: D
Explanation:
Data access sets are collections of ledgers that define the data security for users who access General Ledger. Users can only access the ledgers that are assigned to them through data access sets. To allow users with the General Accountant job role to access the UK Ledger, you need to create a data access set that includes the UK Ledger and assign it to the user/role combination. You also need to specify the access privilege for the data access set, which can be Full Ledger, Both Read and Write, or Read Only. In this case, you need to select Both Read and Write to allow read/write access to the full ledger.Reference:
Implement General Ledger
GL_ACCESS_SET_LEDGERS
The Default Data Access Set
Overview of General Ledger Security
NEW QUESTION # 83
After user acceptance testing of the new Oracle Fusion Cloud system, the company's accountants report that they want to be notified of anomalies in certain account balances in real time. The anomalies should include an increase or decrease that is above or below a percentage amount threshold.
What is the best way to meet this requirement?
- A. Use Account Inspector.
- B. Perform an account analysis online.
- C. Create an Account Group using Account Monitor.
- D. Open a Smart View file saved on your desktop.
Answer: C
NEW QUESTION # 84
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