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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) Chart of accounts was not deployed.
B) Two tree versions were not defined
C) Accounting Configuration was not submitted-
D) An Audit process needs to be successfully performed before a tree version can be set to Active.

3. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Smart View
B) Application Development Framework Desktop Integration(ADFdi)
C) Account Inspector
D) Account Monitor

4. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Mapping Sets
B) Transaction Objects
C) Event Classes
D) Accounting attributes
E) Event Entities

5. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) Point of View (POV)
B) Formulas
C) Run Time Prompts (RTP)
D) RuleSets

Solutions: