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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. What is the most efficient way to add a new year to the accounting calendar?

A) The application automatically populates the next year when you open the first period a new fiscal year.
B) Use the Add Year button
C) Add the periods manually
D) Import the periods from a spreadsheet

3. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A) Job level
B) Position
C) Supervisory level based on HR Supervisors
D) Approval Group

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

5. Which two types of journals can be automatically routed through the journal approval process?

A) Revaluation journals
B) Journals imported from third-party systems
C) Allocation journals
D) Sub ledger journals
E) Manual journals

Solutions: