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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

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

3. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You must assign the corresponding Receivables and Payables Business Units.
B) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
C) You can only associate one Intercompany Organization per Legal Entity.
D) You only need to assign the Legal Entity and Organization Contact.

4. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
B) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
C) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
D) Cloud customers can use both OTBI and OBIA.
E) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application

5. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Hire a New Ernployee
B) Policy Manager (APM)
C) Oracle Identity Management (OIM)
D) Financials not a stand-alone product
E) Manage Users

Solutions: