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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:
1. You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?
A) Manage Intercompany Organizations
B) Manage Intercompany System Options
C) Manage Intercompany Transaction Types
D) Manage Intercompany Receivables Assignment
2. 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) 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.
B) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
C) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
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.
3. Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?
A) An Exception
B) A Condition Filter
C) A Validation Filter
D) An Exclusion
4. What are The two advantages of having an intercompany segment in the Chart of Accounts?
A) Assists reconciling intercompany transactions and helps identify elimination entries.
B) Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.
C) Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.
D) Enables balancing of many to-many primary balancing segment value journals and many to many legal entity journals
5. You are creating values for thechart of account value setthat you are planning to use for theaccount segmentwithin yourChart of Accounts. You are not able to assign anAccount Type.
What is the reason for this?
A) You are creating values before assigning the value set to the structure.
B) You have not set the Allow Posting attribute for the value set.
C) You have not set the Allow Budgeting attribute for the value set.
D) The Account Type qualifier has not been enabled when defining the value set.
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: A | Question # 3 Answer: B | Question # 4 Answer: A,C | Question # 5 Answer: D |
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