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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) Role Mappings
B) Oracle Identity Manager Roles Assignment
C) Data Roles
D) Access Policy Manager's Role Generation
E) You cannot reassign contingent workers.

2. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Create the accounting in the source system and then import the journal entries into subledger accounting.
B) Determine the accounting impact of transactions.
C) Capture accounting events.
D) Analyze external system transactions.

3. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
B) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
C) The Account Rule's chartof accounts have no account values assigned
D) The Account Rule's conditions are not defined.

4. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A) Open a Smart View file saved on your desktop.
B) Create an Account Group using Account Monitor.
C) Use Account Inspector.
D) Perform an account analysis online.

5. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
B) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
C) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
D) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.

Solutions: