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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Update the journal through workflow
B) Delete the journal and create a new journal.
C) Reverse the journaland create a new one.
D) Click the Withdraw Approval button in the Edit Journals page and edit the journal.

3. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
B) The Account Rule's chartof accounts have no account values assigned
C) The Account Rule's conditions are not defined.
D) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.

4. Which two types of journals can be automatically routed through the journal approval process?

A) Manual journals
B) Journals imported from third-party systems
C) Allocation journals
D) Sub ledger journals
E) Revaluation journals

5. What is the most efficient way to add a new year to the accounting calendar?

A) Use the Add Year button
B) The application automatically populates the next year when you open the first period a new fiscal year.
C) Add the periods manually
D) Import the periods from a spreadsheet

Solutions: