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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A) Application Implementation Manager
B) IT Security Manager
C) Any functional user
D) Functional Setup Manager Superuser
E) Application Implementation Consultant

3. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) Posting performance is much faster.
B) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
D) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
E) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

4. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A) Oracle Business Intelligence Applications (OBIA)
B) Financial Reporting Center
C) Intelligence Publisher (BI Publish.
D) Smart View
E) Oracle Transactional Business Intelligence (OTBI)

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

Solutions: