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

3. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
B) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
C) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
D) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.

4. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A) Account Inspector
B) Account Monitor
C) Smart View
D) Online Transactional Business Intelligence
E) Financial Reports published to Excel

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

Solutions: