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

2. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

A) Event Type
B) Journal Line Rule
C) Event Class
D) Journal Entry Rule Set
E) Journal Entry

3. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
B) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
C) Open Access Policy Manager (APM) and assign the roles manually
D) Open the Manage Users page and make sure the employees at

4. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A) Account Inspector and its charts
B) Account Monitor
C) Smart View
D) Financial Reports with Embedded charts

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

Solutions: