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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. You lust submitted the Accounting Configuration. Which two statements are correct?

A) A Data Access Set with full read/write access to the ledger is automatically created.
B) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
C) Verify the data roles created and assign them to the General Ledger users.
D) Open the ledger's period to begin entering transactions.

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

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

4. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
B) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
C) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
D) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.

5. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Accounting attributes
B) Mapping Sets
C) Transaction Objects
D) Event Entities
E) Event Classes

Solutions: