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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?
A) The Account Rule's chartof accounts have no account values assigned
B) The Account Rule's conditions are not defined.
C) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
D) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
2. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?
A) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
B) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
C) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
3. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
A) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
B) Cloud customers can use both OTBI and OBIA.
C) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
D) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
E) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
4. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
A) Freeze the Intercompany Journal source in General Ledger.
B) Close all subledger periods.
C) Close Intercompany periods in Fusion Intercompany.
D) Close the General Ledger period in the Manage Accounting Periods page.
5. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?
A) Enter another adjusting journal entry in the currency to true up the balances.
B) Translate only the adjusting journal entry.
C) Rerun Revaluation and then rerun Translation
D) Rerun Translation and then reconsolidate your result
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: B | Question # 3 Answer: A,C,E | Question # 4 Answer: C | Question # 5 Answer: B |
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