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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. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) Period Close Work Area
B) Financial Reporting Center
C) Journals Work Area
D) General Accounting Dashboard

3. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are maintained for both actual and budget balances.
B) Average balances are stored in the Essbase cube.
C) Average balances are stored for both subledger balances and general ledger balances.
D) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
E) When using ADB, you must define a daily calendar and assign it to your ADB ledger.

4. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A) Smart View
B) Financial Reports published to Excel
C) Online Transactional Business Intelligence
D) Account Monitor
E) Account Inspector

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

Solutions: