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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?

A) Journal Line Rule
B) Journal Entry Rule Set
C) Journal Entry
D) Event Type
E) Event Class

2. Your company has complex consolidation requirements with multiple general ledger instances.
You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A) Data is summarized across segments that are not mapped to Hyperion Financial Management
B) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
C) The data is not transferred.
D) The unmapped segments default to future use segments in Hyperion Financial Management

3. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) Aging Reports
B) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C) Journals Reports
D) Account Analysis Reports

4. You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?

A) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
B) You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
C) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
D) It is fine to have the same child value roll up to two or more different parent values.
E) The tree should have at least two tree versions to reduce report and allocation maintenance.

5. You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A) Use the "Enter a Supplier" user interface to enter each user manually.
B) Use the "Hire an Employee" user interfaceto inter each user manually.
C) Use SQL to populate the HR interface tables and load employees in bulk.
D) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
E) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.

Solutions: