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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?
A) Job level
B) Supervisory level based on HR Supervisors
C) Position
D) Approval Group
2. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
A) Journals Reports
B) Account Analysis Reports
C) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
D) Aging Reports
3. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?
A) The Account Rule's chartof accounts have no account values assigned
B) The Account Rule's conditions are not defined.
C) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
D) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
4. Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?
A) Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
B) Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
C) You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
D) Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
5. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A) Journal Batch
B) Journal Source
C) Journal Category
D) Journal Description
Solutions:
| Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: A,C | Question # 4 Answer: A | Question # 5 Answer: A |
