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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Application Development Framework Desktop Integration(ADFdi)
B) Smart View
C) Account Inspector
D) Account Monitor

2. How do you hide accounts with no balances showing #Missing in Smart view?

A) Use Excel functions to hide rows with #Missing assigned
B) This indicates a database connection issue. Try to reconnect to Fusion Applications.
C) Select the Data/Missing check box in the Data Options tab.
D) Choose the Suppress Zeros option under Data options.

3. 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

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

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

5. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?

A) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
B) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
C) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
D) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

Solutions: