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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Identify three functions of Functional Setup Manager.

A) Centrally manage the close processes across subledgers and ledgers.
B) Automatically mark the status of tasks as Completed after they have been completed.
C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D) Assign setup tasks to individuals with due dates where users must manually update their completion status.
E) Provide a central place to access and perform all of the setup steps across Fusion application product

2. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Redeploy the chart of accounts.
B) Make sure to flatten the rows of the tree version.
C) Make sure the tree is active.
D) Make sure the tree version was published successfully.

3. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

A) Allow Expansion
B) Report Functions
C) Nothing. All report balances are drillable in all FR Studio reports.
D) Drill Through in Grid Properties

4. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
B) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
C) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
D) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.

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

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

Solutions: