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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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.

2. Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?

A) AR Aging report
B) General I edger Trial Balance report
C) Receivables Aging by General Ledger Account report
D) Receivables to General Ledger Reconciliation report

3. 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.

4. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A) Financial Reports published to Excel
B) Account Inspector
C) Online Transactional Business Intelligence
D) Account Monitor
E) Smart View

5. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Redeploy the chart of accounts.
C) Make sure to flatten the rows of the tree version.
D) Make sure the tree is active.

Solutions: