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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
B) There is no difference.
C) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
D) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

2. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
C) Define two different charts of accounts.
D) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

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) 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.
B) 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.
C) Additional intercompany rules will need to be defined for the two additional balancing segments.
D) 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.

4. On whichthree occasions are Essbase balances updated?

A) Every time journals are posted to the general ledger
B) At report run-time
C) Every time you open a new period
D) Every time you run the batch program called "Update Essbase Balances"
E) Every time the tree version is published

5. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Redeploy the chart of accounts.
C) Make sure to flatten the rows of the tree version.
D) Make sure the tree is active.

Solutions: