Master the Oracle Financials Cloud: General Ledger 2025 Implementation Professional exam with our comprehensive Q&A collection. Review questions by topic, understand explanations, and build confidence for exam day.
Strategies to help you tackle Oracle Financials Cloud: General Ledger 2025 Implementation Professional exam questions effectively
Allocate roughly 1-2 minutes per question. Flag difficult questions and return to them later.
Pay attention to keywords like 'MOST', 'LEAST', 'NOT', and 'EXCEPT' in questions.
Use elimination to narrow down choices. Often 1-2 options can be quickly ruled out.
Focus on understanding why answers are correct, not just memorizing facts.
Practice with real exam-style questions for Oracle Financials Cloud: General Ledger 2025 Implementation Professional
Chart of Accounts, Accounting Calendar, and Currency are the three mandatory components required before creating a primary ledger in Oracle Financials Cloud. These foundational elements define the account structure, fiscal periods, and monetary unit for the ledger. While Legal Entity and Business Unit are important for the overall implementation, they are not direct prerequisites for ledger creation. Ledger Options are configured as part of the ledger creation process, and Subledger Accounting Method is optional depending on whether subledger integration is needed.
The most efficient approach is to create one primary ledger in USD (the primary consolidation currency) with secondary ledgers for the 14 other local currencies, and add EUR as a reporting currency to the primary ledger. This configuration minimizes data redundancy while meeting all reporting requirements. Secondary ledgers automatically convert transactions using defined conversion rates for statutory reporting. Reporting currencies provide additional currency views without creating full ledgers. Option A creates unnecessary complexity and maintenance overhead. Option B is incorrect because you need 14 secondary ledgers (not 15, as one currency matches the primary). Option D introduces unnecessary external tools when native functionality exists.
The correct approach is to create reversing journal entries in the current period to offset the incorrect entries and then enter the corrections with the proper current period date. This maintains a complete audit trail and follows accounting best practices by not altering closed periods. Option A is inefficient and disrupts the integrity of closed periods. Option B is incorrect because adjustment periods are intended for year-end adjustments, not for correcting period misclassifications within the fiscal year. Option C is not possible in Oracle Financials Cloud once entries are posted and the period is closed—journals cannot be deleted, only reversed.
The Accounting Configuration associates subledgers (like Payables, Receivables, Assets) with a primary ledger and defines the Subledger Accounting Method, which controls how subledger transactions are transformed into accounting entries. It's the bridge between operational subledgers and the general ledger. Option A describes the Chart of Accounts setup. Option C describes the Accounting Calendar configuration. Option D relates to security and workflow configurations, not the Accounting Configuration component.
Financial Reporting Studio is the optimal tool for creating formatted financial statements with comparative analysis including actuals versus budget across dimensions like cost centers. It provides robust row and column formatting, dimensional reporting capabilities, and drill-down functionality specifically designed for financial statements. Smart View (Option A) is excellent for ad-hoc analysis and data entry but not ideal for producing formatted, distributable financial statements. BI Publisher (Option C) is better suited for operational reports and pixel-perfect transactional documents. Account Monitor (Option D) is designed for investigating account balances and drilling into underlying transactions, not for creating formatted financial statements.
Review Q&A organized by exam domains to focus your study
30% of exam • 3 questions
What is the primary purpose of General Ledger Configuration and Setup in Enterprise Software?
General Ledger Configuration and Setup serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: General Ledger 2025 Implementation Professional certification.
Which best practice should be followed when implementing General Ledger Configuration and Setup?
When implementing General Ledger Configuration and Setup, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does General Ledger Configuration and Setup integrate with other Oracle services?
General Ledger Configuration and Setup integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
25% of exam • 3 questions
What is the primary purpose of Journal Entry and Period Close Processes in Enterprise Software?
Journal Entry and Period Close Processes serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: General Ledger 2025 Implementation Professional certification.
Which best practice should be followed when implementing Journal Entry and Period Close Processes?
When implementing Journal Entry and Period Close Processes, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Journal Entry and Period Close Processes integrate with other Oracle services?
Journal Entry and Period Close Processes integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
25% of exam • 3 questions
What is the primary purpose of Financial Reporting and Analysis in Enterprise Software?
Financial Reporting and Analysis serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: General Ledger 2025 Implementation Professional certification.
Which best practice should be followed when implementing Financial Reporting and Analysis?
When implementing Financial Reporting and Analysis, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Financial Reporting and Analysis integrate with other Oracle services?
Financial Reporting and Analysis integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
20% of exam • 3 questions
What is the primary purpose of Intercompany and Advanced Features in Enterprise Software?
Intercompany and Advanced Features serves as a fundamental component in Enterprise Software, providing essential capabilities for managing, configuring, and optimizing Oracle solutions. Understanding this domain is crucial for the Oracle Financials Cloud: General Ledger 2025 Implementation Professional certification.
Which best practice should be followed when implementing Intercompany and Advanced Features?
When implementing Intercompany and Advanced Features, follow the principle of least privilege, ensure proper documentation, implement monitoring and logging, and regularly review configurations. These practices help maintain security and operational excellence.
How does Intercompany and Advanced Features integrate with other Oracle services?
Intercompany and Advanced Features integrates seamlessly with other Oracle services through APIs, shared authentication, and native connectors. This integration enables comprehensive solutions that leverage multiple services for optimal results.
After reviewing these questions and answers, challenge yourself with our interactive practice exams. Track your progress and identify areas for improvement.
Common questions about the exam format and questions
The Oracle Financials Cloud: General Ledger 2025 Implementation Professional exam typically contains 50-65 questions. The exact number may vary, and not all questions may be scored as some are used for statistical purposes.
The exam includes multiple choice (single answer), multiple response (multiple correct answers), and scenario-based questions. Some questions may include diagrams or code snippets that you need to analyze.
Questions are weighted based on the exam domain weights. Topics with higher percentages have more questions. Focus your study time proportionally on domains with higher weights.
Yes, most certification exams allow you to flag questions for review and return to them before submitting. Use this feature strategically for difficult questions.
Practice questions are designed to match the style, difficulty, and topic coverage of the real exam. While exact questions won't appear, the concepts and question formats will be similar.
Explore more Oracle Financials Cloud: General Ledger 2025 Implementation Professional study resources