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In this video tutorial on Oracle Fusion General Ledger, the focus is on inquiring about account balances. Users navigate to the general accounting period close section from the task list and select "inquire on detail balances." Compulsory fields marked with a star must be filled out, including criteria such as ledger, accounting period, currency, scenario (type of balance), and chart of account segments. Selecting a parent value (e.g., liabilities) displays all related child values. After entering the required criteria, clicking on search reveals the child values under the selected parent. Users can then drill down into specific account combinations, with the activity reflecting net movements and beginning balances for the specified period.