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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A) Create an Account Group using Account Monitor.
B) Use Account Inspector.
C) Perform an account analysis online.
D) Open a Smart View file saved on your desktop.

2. Which statement is true when creating an Implementation Project for Fusion Financials?

A) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
B) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
C) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
D) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

3. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Mapping Sets
B) Event Classes
C) Transaction Objects
D) Event Entities
E) Accounting attributes

4. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) Period Close Work Area
B) General Accounting Dashboard
C) Journals Work Area
D) Financial Reporting Center

5. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
B) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
C) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
D) Define two different charts of accounts.

Solutions: