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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What Is Oracle Essbase?

A) A relational database
B) A data ware house
C) A robust reporting and analysis tool
D) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger

2. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

A) Journal Entry
B) Journal Line Rule
C) Event Type
D) Event Class
E) Journal Entry Rule Set

3. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) Accounting Configuration was not submitted-
B) Chart of accounts was not deployed.
C) Two tree versions were not defined
D) An Audit process needs to be successfully performed before a tree version can be set to Active.

4. Identify three functions of Functional Setup Manager.

A) Assign setup tasks to individuals with due dates where users must manually update their completion status.
B) Provide a central place to access and perform all of the setup steps across Fusion application product
C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Centrally manage the close processes across subledgers and ledgers.

5. You want to specify Intercompany System Options.
Which three factors should you consider?

A) The approvers who will approve intercompany transactions
B) Whether to allow receivers to reject intercompany transactions
C) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
D) Automatic or manual batch numbering and the minimum transaction amount
E) Automatic or manual batch numbering and the maximum transaction amount

Solutions: