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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to process multiple allocations at the same time. What feature do you use?

A) RuleSets
B) Point of View (POV)
C) General Ledger Journal entries
D) Formulas

2. Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A) Export the table to Excel.
B) Detach the table to resize it to the maximum size of the monitor
C) Use the Freeze feature on the tables to scroll through large amounts of data.
D) Run a Business Intelligence Publisher report with Excel as the output format.

3. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Capture accounting events.
B) Analyze external system transactions.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Determine the accounting impact of transactions.

4. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) Posting performance is much faster.
E) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

5. You lust submitted the Accounting Configuration. Which two statements are correct?

A) Open the ledger's period to begin entering transactions.
B) Verify the data roles created and assign them to the General Ledger users.
C) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
D) A Data Access Set with full read/write access to the ledger is automatically created.

Solutions:

Question # 1 Answer: D

Question # 2 Answer: A,B

Question # 3 Answer: C

Question # 4 Answer: C,D

Question # 5 Answer: A