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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Delete the journal and create a new journal.
B) Update the journal through workflow
C) Reverse the journaland create a new one.
D) Click the Withdraw Approval button in the Edit Journals page and edit the journal.

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

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

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

4. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?

A) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
B) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
C) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
D) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

5. Identify three functions of Functional Setup Manager.

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

Solutions: