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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Source
B) Journal Category
C) Journal Description
D) Journal Batch

2. Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

A) You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
B) Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
C) Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
D) Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period

3. 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) Online Transactional Business Intelligence
C) Smart View
D) Account Inspector
E) Account Monitor

4. Which statement is true when creating an Implementation Project for Fusion Financials?

A) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
B) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
C) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
D) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

5. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
B) Journals Reports
C) Aging Reports
D) Account Analysis Reports

Solutions: