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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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.

2. What is the most efficient way to add a new year to the accounting calendar?

A) The application automatically populates the next year when you open the first period a new fiscal year.
B) Use the Add Year button
C) Add the periods manually
D) Import the periods from a spreadsheet

3. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close the General Ledger period in the Manage Accounting Periods page.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close all subledger periods.
D) Close Intercompany periods in Fusion Intercompany.

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. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) Formulas
B) Run Time Prompts (RTP)
C) RuleSets
D) Point of View (POV)

Solutions: