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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You lust submitted the Accounting Configuration. Which two statements are correct?

A) A Data Access Set with full read/write access to the ledger is automatically created.
B) Verify the data roles created and assign them to the General Ledger users.
C) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
D) Open the ledger's period to begin entering transactions.

2. How do you hide accounts with no balances showing #Missing in Smart view?

A) This indicates a database connection issue. Try to reconnect to Fusion Applications.
B) Select the Data/Missing check box in the Data Options tab.
C) Choose the Suppress Zeros option under Data options.
D) Use Excel functions to hide rows with #Missing assigned

3. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

A) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
B) Create two journal line rules with a condition of supplier type.
C) Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
D) Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.

4. What is the most efficient way to add a new year to the accounting calendar?

A) Add the periods manually
B) Use the Add Year button
C) Import the periods from a spreadsheet
D) The application automatically populates the next year when you open the first period a new fiscal year.

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

Solutions: