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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. 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) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
C) 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.
D) 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

3. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Determine the accounting impact of transactions.
B) Create the accounting in the source system and then import the journal entries into subledger accounting.
C) Capture accounting events.
D) Analyze external system transactions.

4. Identify three functions of Functional Setup Manager.

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

5. On whichthree occasions are Essbase balances updated?

A) Every time you open a new period
B) Every time journals are posted to the general ledger
C) Every time you run the batch program called "Update Essbase Balances"
D) At report run-time
E) Every time the tree version is published

Solutions: