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

1. You define intercompany balancing rules that are applied to a specific source and category, such as Payables and Invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which statement on intercompany configuration is true?

A) You must define intercompany balancing rules for all sources, categories, and transaction types.
B) You can create a rule for all sources and categories by selecting the source "Other" and category "Other"
C) Intercompany balancing evaluates the rules in the following order: ledger, legal entity, chart of accounts, and primary balancing segment value.

2. 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 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 budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD only will be carried forward.
C) If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward.
D) The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances.
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.

3. Which two statements are true about infotiles and infolets?

A) You can refresh infolets to see up-to-date data.
B) You can create your own user-defined infolets.
C) Infolets are accessed only from the News Feed home page layout.
D) Infotiles have Front view. Back view, and Expanded view.
E) Infotiles pull data from a Smart View analysis.

4. Your organization has frequent fund transfers between entities to meet working capital requirements and address internal financing needs. You decide to use the Multitier Intercompany functionality to address those needs.
Which two components of Multitier Intercompany need to be created to generate an intercompany transaction for General Ledger?

A) Intercompany Agreement
B) Intercompany Transfer Authorization
C) Intercompany Receivables Assignment
D) Intercompany Customer Supplier Association
E) Transaction Account Definition

5. SIMULATION
Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:

Note: Prefix all your setups with 07, where 07 is your candidate ID There is one balancing segment. Choose the appropriate segment labels. . For the purpose of this test there is no need to deploy the flexfield. . Valid code combinations should be added to the Code Combination table automatically. Shorthand aliases will not be implemented. . Accept the defaults for the instance segments.

Solutions: