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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

A) Run Closing Status reports.
B) Use Close Monitor in General Accounting Dashboard.
C) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
D) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.

2. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Application Development Framework Desktop Integration (ADFdi)
B) File-based Data Import
C) Smart View
D) Entering budget Journals

3. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A) Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
B) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
C) Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
D) Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

4. You want to specify Intercompany System Options.
Which three factors should you consider?

A) Automatic or manual batch numbering and the minimum transaction amount
B) The approvers who will approve intercompany transactions
C) Whether to allow receivers to reject intercompany transactions
D) Automatic or manual batch numbering and the maximum transaction amount
E) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

5. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
C) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
D) Posting performance is much faster.
E) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.

Solutions: