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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
B) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
C) There is no difference.
D) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

2. 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.

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

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

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

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

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

Solutions: