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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
B) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
C) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
D) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

3. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?

A) Snapshot reports can only be viewed online.
B) Users can drill down on snapshot reports for future analysis.
C) Using Workspace, assemble multiple reports into a book.
D) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
E) Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.

4. Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A) Detach the table to resize it to the maximum size of the monitor
B) Use the Freeze feature on the tables to scroll through large amounts of data.
C) Export the table to Excel.
D) Run a Business Intelligence Publisher report with Excel as the output format.

5. You want to automatically post journal batches imported from subledger source to prevent accidental edits of deletions of the subledger sources journals, which could cause an out -ofbalance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?

A) Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
B) Use the Alloption for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
C) Create your AutoPost criteria using minimal source and categories.
D) Schedule your AutoPost Criteria set to run during off-peak hours only

Solutions: