Oracle Financials Cloud: General Ledger 2025 Implementation Professional Intermediate Practice Exam: Medium Difficulty 2025

A multinational corporation is implementing Oracle General Ledger and needs to support multiple currencies while maintaining separate ledgers for statutory and management reporting. The management ledger requires a different calendar and chart of accounts structure. What is the recommended approach to meet these requirements?

Your organization has configured cross-validation rules (CVR) in the chart of accounts to prevent invalid account combinations. Users report that they can create journal entries with invalid combinations, but the system prevents them from posting these journals. What is the most likely cause of this behavior?

During the month-end close process, the accounting manager discovers that several subledger journals from Accounts Payable have not been transferred to General Ledger. The AP period is closed, but GL period is still open. What is the best course of action to resolve this issue?

A company wants to automate recurring monthly depreciation journal entries in General Ledger. The depreciation amounts vary each month based on asset acquisitions and disposals. Which approach should be used to create these journal entries efficiently?

An implementation consultant needs to configure allocation rules to distribute corporate overhead costs from a single cost center to multiple departments based on headcount. The headcount percentages change quarterly. What is the most maintainable approach to configure this allocation?

A financial analyst needs to create a balance sheet report that shows comparative data for the current period, prior period, and prior year. The report must display accounts in a specific hierarchical structure that differs from the chart of accounts hierarchy. What feature should be used to meet this requirement most effectively?

A company operates in three legal entities that frequently transact with each other. They need to implement intercompany accounting where transactions are automatically balanced and eliminate during consolidation. The intercompany rules should ensure that both sides of the transaction use predefined intercompany accounts. What components are essential for this setup?

During a period close, the accounting team needs to run translations for foreign currency balances to the reporting currency. The translation must use period-end rates for balance sheet accounts and weighted average rates for income statement accounts. Which General Ledger feature should be configured to automate this process?

A company has implemented average balance processing to calculate interest on customer deposits. The balance calculation needs to exclude weekends and holidays specific to different regions. What configuration is required to achieve this requirement?

A financial controller wants to prevent users from posting journals to specific accounts during certain periods while keeping those periods open for other accounts. For example, preventing revenue account postings while allowing expense adjustments. How can this requirement be implemented?