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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What type of user must be defined before you can create an Implementation Project?

A) None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.
B) A full-time employee that has the FSM Superuser role assigned
C) None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
D) Implementation Users
E) All roles that will be used throughout the implementation


2. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

A) Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
B) Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
C) Create two journal line rules with a condition of supplier type.
D) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.


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

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


4. 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) 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.
B) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
C) 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.
D) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.


5. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
B) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
C) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
D) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.


Solutions:

Question # 1
Answer: E
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: A
Question # 5
Answer: C

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