Oracle Financials Cloud: General Ledger 2025 Implementation Professional Practice Exam 2025: Latest Questions

Your organization is implementing Oracle General Ledger and needs to track financial data by Department, Cost Center, and Product Line. The Finance team requires that all journal entries must include values for Department and Cost Center, while Product Line should be optional. How should you configure the Chart of Accounts structure to meet this requirement?

A multinational corporation needs to report financial results in multiple currencies. The primary ledger is maintained in USD, but management requires reporting in EUR and GBP. Which ledger configuration approach should be implemented?

During the period close process, a company discovers that several journal entries are pending approval and cannot be posted before the period close deadline. What is the best practice approach to handle this situation?

A company uses AutoPost to automatically post journals that meet specific criteria. After implementing a new journal source for intercompany transactions, these journals are not being automatically posted even though they meet all the defined AutoPost criteria. What is the most likely cause of this issue?

Your organization needs to create a financial report that displays Budget vs. Actual variance analysis with dynamic columns for each month of the current fiscal year. Which Oracle reporting tool is best suited for this requirement?

A company has implemented Account Monitor to provide drill-down capabilities for account balances. Users report that when they drill down from a parent account to see transaction details, they are not seeing any journal entries even though transactions exist. What configuration is most likely missing?

An organization operates multiple legal entities and needs to eliminate intercompany transactions between them during consolidation. They want the system to automatically generate elimination entries. Which feature should be configured to achieve this requirement?

During General Ledger implementation, you need to configure average balance processing for interest calculation on cash accounts. Which component must be enabled and configured to support this functionality?

A company wants to automate the allocation of IT department costs to other departments based on headcount. The headcount data changes monthly. What is the most efficient approach to implement this requirement?

Your client needs to create a Flash Report that provides preliminary financial results before the period is officially closed. They want to include both posted journals and unposted journals that are approved. How should you configure the report to meet this requirement?

Your organization operates in multiple countries and needs to track intercompany transactions between legal entities. Which component in Oracle General Ledger is specifically designed to facilitate automated intercompany balancing and eliminate manual reconciliation efforts?

A financial controller needs to prevent journal entries from being posted to closed periods while still allowing inquiries and reporting. What is the appropriate period status to achieve this requirement?

Your company is implementing multiperiod accounting to spread costs across multiple accounting periods. Which statement accurately describes a key characteristic of multiperiod accounting in Oracle General Ledger?

A multinational corporation needs to produce financial statements that consolidate results from subsidiaries using different charts of accounts. What Oracle General Ledger feature enables mapping of different account structures to a common reporting structure?

During the implementation of a new primary ledger, which sequence of setup steps must be completed in the correct order to successfully create a functional ledger?

A company needs to track budget versus actual performance and enable budget checking at the transaction level to prevent overspending. Which Oracle General Ledger component provides real-time budget funds checking with advisory and absolute budget control options?

Your organization is experiencing performance issues with Financial Reporting Studio reports that access large volumes of General Ledger data. Which approach would best improve report performance while maintaining data accuracy?

A company needs to automatically allocate shared service costs from a corporate cost center to multiple business units based on headcount percentages that change quarterly. What is the most efficient Oracle General Ledger feature to accomplish this requirement?

An implementation consultant needs to configure a secondary ledger that uses a different accounting calendar and currency from the primary ledger, while maintaining a real-time relationship with the primary ledger data. What type of secondary ledger should be configured?

When implementing Oracle General Ledger for a new company, what is the primary purpose of defining Segment Value Security Rules?

Your organization has multiple business units that need to transact with each other. When configuring Intercompany transactions in Oracle Fusion General Ledger, what is the primary purpose of defining Intercompany System Options?

A financial analyst is trying to run a Financial Reporting Studio report but receives an error stating that no data is available for the selected period. The ledger was recently created and journals have been posted. What is the MOST likely cause of this issue?

During period close, your company needs to automatically calculate and post depreciation for fixed assets to the General Ledger. What is the correct sequence of activities to accomplish this?

Your organization operates in multiple countries and needs to comply with local statutory reporting requirements while maintaining a corporate consolidation ledger. Which ledger configuration approach is recommended as a best practice?

A company wants to track budget versus actual spending at the department level and receive alerts when departments exceed 90% of their budget. Which Oracle Fusion GL feature should be configured to meet this requirement?