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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Reference Data Sets
B) None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
C) Business Units functions
D) Data Access Sets

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

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

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) Online Transactional Business Intelligence
C) Account Monitor
D) Account Inspector
E) Smart View

5. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?

A) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
B) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
C) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
D) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

Solutions: