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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.

A) Both the intercompany and general ledger periods are open.
B) The intercompany transaction is not approved.
C) The corresponding Payables and Receivablesinvoicehave not been generated.
D) If they are different, then the exchange rate is missing between the intercompany and ledger currency.
E) The intercompany period is closed.

3. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
B) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
C) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies

4. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Hire a New Ernployee
B) Financials not a stand-alone product
C) Manage Users
D) Policy Manager (APM)
E) Oracle Identity Management (OIM)

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

Solutions: