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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Determine the accounting impact of transactions.
B) Capture accounting events.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Analyze external system transactions.

2. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

A) Run Closing Status reports.
B) Use Close Monitor in General Accounting Dashboard.
C) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
D) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.

3. Identify three functions of Functional Setup Manager.

A) Centrally manage the close processes across subledgers and ledgers.
B) Automatically mark the status of tasks as Completed after they have been completed.
C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D) Assign setup tasks to individuals with due dates where users must manually update their completion status.
E) Provide a central place to access and perform all of the setup steps across Fusion application product

4. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Make sure the tree is active.
C) Make sure to flatten the rows of the tree version.
D) Redeploy the chart of accounts.

5. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A) Open a Smart View file saved on your desktop.
B) Create an Account Group using Account Monitor.
C) Use Account Inspector.
D) Perform an account analysis online.

Solutions: