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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are maintained for both actual and budget balances.
B) Average balances are stored for both subledger balances and general ledger balances.
C) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
D) Average balances are stored in the Essbase cube.
E) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.

2. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
C) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
D) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

3. Which two are prerequisites for creating subledger accounting entries?

A) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
B) Creating subledger accounting events
C) Selecting source values from transaction objects
D) Populating supporting reference information in reference objects
E) Completing preaccounting validation

4. Your user forgot the password. How do you resolve this?

A) Use Oracle Identity Management (OIM) to reset the user's password.
B) Use the Manage Users page to update the user's information and change the password.
C) Use Access Policy Manager (APM) to reset the user's password.
D) Create a new user ID and password for the user.
E) Log in to the user's machine as an Administrator and change the password from the login pa

5. You want to process multiple allocations at the same time. What feature do you use?

A) General Ledger Journal entries
B) Point of View (POV)
C) Formulas
D) RuleSets

Solutions: