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

2. Which two are prerequisites for creating subledger accounting entries?

A) Completing preaccounting validation
B) Selecting source values from transaction objects
C) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
D) Creating subledger accounting events
E) Populating supporting reference information in reference objects

3. Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A) Reference Data Sets
B) None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
C) Business Units functions
D) Data Access Sets

4. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) Chart of accounts was not deployed.
B) Accounting Configuration was not submitted-
C) An Audit process needs to be successfully performed before a tree version can be set to Active.
D) Two tree versions were not defined

5. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A) Account Inspector and its charts
B) Financial Reports with Embedded charts
C) Account Monitor
D) Smart View

Solutions: