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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) There is no difference.
B) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
C) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
D) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

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

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

3. You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
B) Use SQL to populate the HR interface tables and load employees in bulk.
C) Use the "Enter a Supplier" user interface to enter each user manually.
D) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
E) Use the "Hire an Employee" user interfaceto inter each user manually.

4. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Description
B) Journal Category
C) Journal Batch
D) Journal Source

5. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.
B) Use Account Inspector that automatically creates graphs on financial balances.
C) When designing your financial statement using Financial Report (FR), embed a chart into your report
D) Use Smart View, which is and Excel Add-on

Solutions: