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Oracle Financials Cloud: General Ledger 2025Implementation Professional Sample Questions (Q65-Q70):
NEW QUESTION # 65
You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase order for that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of
$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)
- A. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016.
- B. Purchase order encumbrance will be released for $2,100 USD.
- C. Funds reservation only happens for non-matched invoices, so the system will not reserve funds.
- D. The system always consumes the budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation.
Answer: A,B
NEW QUESTION # 66
You can run predefined reports to reconcile subledger application balances to General Ledger balances.
Which attribute must you set up on the Manage Values page for chart of accounts segment values so that you can run the Payables to General Ledger Reconciliation report or Receivables to General Ledger Reconciliation report?'
- A. Start Date
- B. Financial Category
- C. Third Party Control Account
- D. End Date
- E. Reconcile
Answer: B
NEW QUESTION # 67
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. Intercompany Transactions are completed
- B. No pending transaction in the General Ledger Interface table
- C. Pending Transaction in General Ledger Interface
- D. Pending Intercompany Transactions
Answer: A,C,D
NEW QUESTION # 68
Which two statements are true regarding the export/import of reports?
- A. The export/import reports are available only for Fusion Customer Relationship Management.
- B. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
- C. Reports on setup data can be used to compare and analyze how the data might have changed over time.
- D. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
- E. A set of reports lists user names, suppliers, and customers that have been exported/imported.
Answer: C,D
NEW QUESTION # 69
On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)
- A. Assets
- B. Receipt accounting
- C. Receivables
- D. Revenue Management
- E. Order Management
Answer: A,B,C
Explanation:
According to Oracle documentation3, you can opt out of the period close checking feature for these three subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE: Receipt accounting, Receivables, and Assets. The period close checking feature prevents you from closing a General Ledger period if there are any open subledger periods that exist for that ledger. You can opt out of this feature for specific subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE and setting the Enabled flag to No for those subledgers. Therefore, options A, B, and D are correct. Option C is incorrect because Revenue Management is not a subledger that can be opted out of the period close checking feature. Option E is incorrect because Order Management is not a subledger that can be opted out of the period close checking feature.
NEW QUESTION # 70
......
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