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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) An Audit process needs to be successfully performed before a tree version can be set to Active.
B) Two tree versions were not defined
C) Accounting Configuration was not submitted-
D) Chart of accounts was not deployed.

2. Your user forgot the password. How do you resolve this?

A) Use Access Policy Manager (APM) to reset the user's password.
B) Create a new user ID and password for the user.
C) Use Oracle Identity Management (OIM) to reset the user's password.
D) Use the Manage Users page to update the user's information and change the password.
E) Log in to the user's machine as an Administrator and change the password from the login pa

3. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A) Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
B) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively
C) Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
D) Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.

4. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) Posting performance is much faster.
E) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

5. 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

Solutions: