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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Source
B) Journal Description
C) Journal Category
D) Journal Batch

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

3. What Is Oracle Essbase?

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

4. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A) Account Inspector and its charts
B) Account Monitor
C) Smart View
D) Financial Reports with Embedded charts

5. You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A) Use the "Hire an Employee" user interfaceto inter each user manually.
B) Use SQL to populate the HR interface tables and load employees in bulk.
C) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
D) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
E) Use the "Enter a Supplier" user interface to enter each user manually.

Solutions: