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Oracle Fusion Cloud Financials: General Ledger 2026 Implementation Professional Sample Questions:

1. You create a Trial Balance type report using Smart View. As you include all segments for the Chart of Accounts, you expect to see zero balance. Further with the Zoom Out function, you expect to see the balances in each account.
Instead, IMTSSTNG is appearing in the report output.
What is the issue with this report?

A) You have not selected a member for Currency.
B) You have not selected a member for Balance Amount.
C) You have not selected a member for Amount Type.

2. Which two statements are true about balances cubes in General Ledger?

A) They are updated automatically when the General Ledger period is opened.
B) They are updated automatically when the Revaluation process is run.
C) They are updated automatically when the Translation process is run.
D) A new balances cube is created for a unique combination of ledger and currency.
E) New dimensions can be added to a General Ledger balances cube.

3. Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?

A) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
B) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
C) 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.
D) 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 only will be carried forward.
E) 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.

4. On a primary ledger in Use system options close section, the following field has been selected:
'Prevent General Ledger Period Close When Open Subledger Periods Exist'.
What three exceptions will prevent closing of the accounting period?

A) No pending transaction in the General Ledger Interface table
B) Pending Intercompany Transactions
C) Pending Transaction in General Ledger Interface
D) Intercompany Transactions are completed

5. You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.

You get #Missing instead of a balance. What value did you not specify, which resulted in this?

A) Product
B) Intercompany
C) Cost Center
D) A particular currency

Solutions: