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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
B) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
C) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
D) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

3. Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

A) Both balance sheet and income statement revaluation journals should be reversed in the period.
B) The reversals must be done at the end of each quarter.
C) Reverse them in the same period as the revaluation run.
D) Never, because each period's revaluation adjustment is just for that period.

4. On whichthree occasions are Essbase balances updated?

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

5. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Account Inspector
B) Account Monitor
C) Smart View
D) Application Development Framework Desktop Integration(ADFdi)

Solutions: