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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored for both subledger balances and general ledger balances.
B) Average balances are stored in the Essbase cube.
C) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
D) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
E) Average balances are maintained for both actual and budget balances.

3. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Oracle Identity Management (OIM)
B) Financials not a stand-alone product
C) Manage Users
D) Policy Manager (APM)
E) Hire a New Ernployee

4. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A) Job level
B) Approval Group
C) Supervisory level based on HR Supervisors
D) Position

5. Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A) Functional Setup Manager Superuser
B) IT Security Manager
C) Application Implementation Consultant
D) Any functional user
E) Application Implementation Manager

Solutions: