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

1. What is the key function of currency revaluation?

A) Adjusting the accounted value of foreign currency denominated balances according to current conversion rates
B) Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity
C) Converting the accounted balances from one currency to another target currency

2. You are required to changetoday's daily ratesfor convertingGBP to USD. What are three ways in which you can update existing daily rates?

A) Edit existing transactions and update the rates manually.
B) Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
C) Use the spreadsheet loader from the Currency Rates Manager.
D) Import daily rates through the Daily Rates open interface table.
E) Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.

3. When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?

A) Redeploy the chart of accounts.
B) Make sure the tree is active.
C) Make sure the tree version was published successfully.
D) Make sure to flatten the rows of the tree version.

4. Your userforgot the password. How do you resolve this?

A) Use the Manage Users page to update the user's information and change the password.
B) Use Access Policy Manager (APM) to reset the user's password.
C) Use Oracle Identity Management (OIM) to reset the user's password.
D) Create a new user ID and password for the user.
E) Log in to the user's machine as an Administrator and change the password from the login password.

5. 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.

Solutions: