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

1. You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

A) Source
B) Allocation Range
C) Basis
D) Offset
E) Target

2. You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?

A) Close Intercompany periods in Fusion Intercompany.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Close all subledger periods.

3. 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) Financial Reporting Web Studio report
B) Account group
C) Trial Balance report
D) OTBI report

4. Which two statements are true if a journal description rule is defined with sources?

A) The description rule may be assigned to either the header or line level, or to both.
B) The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
C) The description rule can only be assigned to the journal line level.
D) The description rule can only be assigned to the header or line level.
E) You cannot assign journal description rules to sources.

5. 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 Transaction in General Ledger Interface
C) Intercompany Transactions are completed
D) Pending Intercompany Transactions

Solutions: