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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
B) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
C) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
D) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

2. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

A) Event Class
B) Journal Line Rule
C) Journal Entry Rule Set
D) Journal Entry
E) Event Type

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

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

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

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

5. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A) Oracle Transactional Business Intelligence (OTBI)
B) Financial Reporting Center
C) Oracle Business Intelligence Applications (OBIA)
D) Intelligence Publisher (BI Publish.
E) Smart View

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