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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to process multiple allocations at the same time. What feature do you use?

A) Point of View (POV)
B) General Ledger Journal entries
C) Formulas
D) RuleSets

2. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Translate only the adjusting journal entry.
B) Rerun Translation and then reconsolidate your result
C) Enter another adjusting journal entry in the currency to true up the balances.
D) Rerun Revaluation and then rerun Translation

3. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Oracle Identity Management (OIM)
B) Policy Manager (APM)
C) Hire a New Ernployee
D) Financials not a stand-alone product
E) Manage Users

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

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

Solutions: