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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Enter another adjusting journal entry in the currency to true up the balances.
B) Rerun Revaluation and then rerun Translation
C) Translate only the adjusting journal entry.
D) Rerun Translation and then reconsolidate your result

2. Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
B) Reference Data Sets
C) Business Units functions
D) Data Access Sets

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

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

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

5. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) Posting performance is much faster.
E) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

Solutions: