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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

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

3. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close Intercompany periods in Fusion Intercompany.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Close all subledger periods.

4. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
B) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
C) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
D) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

5. On whichthree occasions are Essbase balances updated?

A) Every time the tree version is published
B) Every time you open a new period
C) Every time journals are posted to the general ledger
D) Every time you run the batch program called "Update Essbase Balances"
E) At report run-time

Solutions: