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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which repot show you differences between your subledger balances and General Ledger balances?

A) Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
B) Payables and Receivables Aging Reports with the General Ledger Trial Balance report
C) General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice Registers
D) Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports

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

3. Which two types of journals can be automatically routed through the journal approval process?

A) Revaluation journals
B) Journals imported from third-party systems
C) Allocation journals
D) Sub ledger journals
E) Manual journals

4. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal.
B) Reverse the journaland create a new one.
C) Update the journal through workflow
D) Delete the journal and create a new journal.

5. Identify three functions of Functional Setup Manager.

A) Provide a central place to access and perform all of the setup steps across Fusion application product
B) Centrally manage the close processes across subledgers and ledgers.
C) Automatically mark the status of tasks as Completed after they have been completed.
D) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
E) Assign setup tasks to individuals with due dates where users must manually update their completion status.

Solutions: