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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Rerun Translation and then reconsolidate your result
B) Rerun Revaluation and then rerun Translation
C) Translate only the adjusting journal entry.
D) Enter another adjusting journal entry in the currency to true up the balances.

2. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Description
B) Journal Source
C) Journal Category
D) Journal Batch

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

4. Which two statements are true regarding the export/import of reports?

A) The export/import reports are available only for Fusion Customer Relationship Management.
B) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
C) Reports on setup data can be used to compare and analyze how the data might have changed over time.
D) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
E) A set of reports lists user names, suppliers, and customers that have been exported/imported

5. On whichthree occasions are Essbase balances updated?

A) At report run-time
B) Every time the tree version is published
C) Every time journals are posted to the general ledger
D) Every time you open a new period
E) Every time you run the batch program called "Update Essbase Balances"

Solutions: