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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) General Accounting Dashboard
B) Journals Work Area
C) Financial Reporting Center
D) Period Close Work Area

2. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?

A) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
B) Additional intercompany rules will need to be defined for the two additional balancing segments.
C) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
D) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.

3. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
B) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
C) Average balances are stored for both subledger balances and general ledger balances.
D) Average balances are maintained for both actual and budget balances.
E) Average balances are stored in the Essbase cube.

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

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

5. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Accounting attributes
B) Event Entities
C) Mapping Sets
D) Transaction Objects
E) Event Classes

Solutions: