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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Account Inspector
B) Account Monitor
C) Application Development Framework Desktop Integration(ADFdi)
D) Smart View

3. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
B) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
C) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
D) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.

4. You want to process multiple allocations at the same time. What feature do you use?

A) Point of View (POV)
B) RuleSets
C) General Ledger Journal entries
D) Formulas

5. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) Use Account Inspector that automatically creates graphs on financial balances.
B) When designing your financial statement using Financial Report (FR), embed a chart into your report
C) Use Smart View, which is and Excel Add-on
D) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

Solutions: