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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?

A) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
B) Additional intercompany rules will need to be defined for the two additional balancing segments.
C) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
D) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.

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

A) Posting performance is much faster.
B) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D) 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.
E) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

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

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

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

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

5. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
B) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

Solutions: