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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.

A) The corresponding Payables and Receivablesinvoicehave not been generated.
B) The intercompany period is closed.
C) Both the intercompany and general ledger periods are open.
D) The intercompany transaction is not approved.
E) If they are different, then the exchange rate is missing between the intercompany and ledger currency.

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

3. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) You cannot reassign contingent workers.
B) Role Mappings
C) Data Roles
D) Oracle Identity Manager Roles Assignment
E) Access Policy Manager's Role Generation

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

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

5. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
B) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
C) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
D) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

Solutions: