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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
B) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
C) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
D) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules

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

3. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

A) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
B) Run Closing Status reports.
C) Use Close Monitor in General Accounting Dashboard.
D) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.

4. Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Reference Data Sets
B) None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
C) Data Access Sets
D) Business Units functions

5. You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?

A) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
B) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C) You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
D) It is fine to have the same child value roll up to two or more different parent values.
E) The tree should have at least two tree versions to reduce report and allocation maintenance.

Solutions: