Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You lust submitted the Accounting Configuration. Which two statements are correct?

A) A Data Access Set with full read/write access to the ledger is automatically created.
B) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
C) Verify the data roles created and assign them to the General Ledger users.
D) Open the ledger's period to begin entering transactions.

2. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A) Open Access Policy Manager (APM) and assign the roles manually
B) Open the Manage Users page and make sure the employees at
C) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
D) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.

3. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?

A) Additional intercompany rules will need to be defined for the two additional balancing segments.
B) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
C) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
D) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.

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

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

Solutions: