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

2. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A) Job level
B) Position
C) Approval Group
D) Supervisory level based on HR Supervisors

3. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close Intercompany periods in Fusion Intercompany.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Close all subledger periods.

4. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A) Smart View
B) Oracle Business Intelligence Applications (OBIA)
C) Intelligence Publisher (BI Publish.
D) Financial Reporting Center
E) Oracle Transactional Business Intelligence (OTBI)

5. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Define two different charts of accounts.
B) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
C) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
D) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

Solutions: