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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to specify Intercompany System Options.
Which three factors should you consider?

A) The approvers who will approve intercompany transactions
B) Automatic or manual batch numbering and the maximum transaction amount
C) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies
D) Whether to allow receivers to reject intercompany transactions
E) Automatic or manual batch numbering and the minimum transaction amount

2. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A) Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
B) Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
C) Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
D) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively

3. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
B) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
C) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
D) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.

4. Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A) Any functional user
B) Functional Setup Manager Superuser
C) IT Security Manager
D) Application Implementation Consultant
E) Application Implementation Manager

5. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A) Financial Reports published to Excel
B) Account Monitor
C) Account Inspector
D) Smart View
E) Online Transactional Business Intelligence

Solutions: