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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Oracle Identity Management (OIM)
B) Hire a New Ernployee
C) Manage Users
D) Financials not a stand-alone product
E) Policy Manager (APM)

3. What is the most efficient way to add a new year to the accounting calendar?

A) The application automatically populates the next year when you open the first period a new fiscal year.
B) Use the Add Year button
C) Add the periods manually
D) Import the periods from a spreadsheet

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

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

5. Which two types of journals can be automatically routed through the journal approval process?

A) Sub ledger journals
B) Allocation journals
C) Revaluation journals
D) Manual journals
E) Journals imported from third-party systems

Solutions: