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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You lust submitted the Accounting Configuration. Which two statements are correct?

A) Open the ledger's period to begin entering transactions.
B) Verify the data roles created and assign them to the General Ledger users.
C) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
D) A Data Access Set with full read/write access to the ledger is automatically created.

2. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A) Role-Based Access
B) Segment Value Security
C) Data Access Sets
D) Cross-Validation Rules

3. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Entering budget Journals
B) Smart View
C) File-based Data Import
D) Application Development Framework Desktop Integration (ADFdi)

4. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

A) Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
B) Create two journal line rules with a condition of supplier type.
C) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
D) Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.

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

Solutions: