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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) Aging Reports
B) Account Analysis Reports
C) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
D) Journals Reports

2. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
B) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
C) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.

3. You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?

A) You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
B) The tree should have at least two tree versions to reduce report and allocation maintenance.
C) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
D) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
E) It is fine to have the same child value roll up to two or more different parent values.

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

5. 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 the "Enter a Supplier" user interface to enter each user manually.
C) Use SQL to populate the HR interface tables and load employees in bulk.
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.

Solutions: