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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which two are prerequisites for creating subledger accounting entries?

A) Creating subledger accounting events
B) Populating supporting reference information in reference objects
C) Selecting source values from transaction objects
D) Completing preaccounting validation
E) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method

2. Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A) Application Implementation Consultant
B) Any functional user
C) Functional Setup Manager Superuser
D) Application Implementation Manager
E) IT Security Manager

3. 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

4. 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.

5. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Account Inspector
B) Account Monitor
C) Smart View
D) Application Development Framework Desktop Integration(ADFdi)

Solutions: