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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. On whichthree occasions are Essbase balances updated?

A) Every time journals are posted to the general ledger
B) Every time you run the batch program called "Update Essbase Balances"
C) Every time you open a new period
D) At report run-time
E) Every time the tree version is published

2. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?

A) Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
B) Using Workspace, assemble multiple reports into a book.
C) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
D) Snapshot reports can only be viewed online.
E) Users can drill down on snapshot reports for future analysis.

3. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Event Entities
B) Transaction Objects
C) Mapping Sets
D) Event Classes
E) Accounting attributes

4. Which three objectives must be considered when designing the chart of accounts?

A) Anticipate growth and maintenance needs as organizational changes occur.
B) Try to use all 30 segments and 25 characters per segment because you cannot change It later.
C) Effectively manage an organization's financial business.
D) Consider implementing a single, global chart of accounts
E) Limit the number of segments to those you need today to reduce data entry.

5. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) File-based Data Import
B) Entering budget Journals
C) Application Development Framework Desktop Integration (ADFdi)
D) Smart View

Solutions: