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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which two are prerequisites for creating subledger accounting entries?

A) Completing preaccounting validation
B) Selecting source values from transaction objects
C) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
D) Creating subledger accounting events
E) Populating supporting reference information in reference objects

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

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

3. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A) 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
B) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
C) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

4. You want to process multiple allocations at the same time. What feature do you use?

A) Point of View (POV)
B) RuleSets
C) Formulas
D) General Ledger Journal entries

5. 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.

Solutions: