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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Identify three functions of Functional Setup Manager.

A) Centrally manage the close processes across subledgers and ledgers.
B) Assign setup tasks to individuals with due dates where users must manually update their completion status.
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) Provide a central place to access and perform all of the setup steps across Fusion application product

2. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A) Segment Value Security
B) Role-Based Access
C) Cross-Validation Rules
D) Data Access Sets

3. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?

A) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
B) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
C) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
D) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

4. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A) Open Access Policy Manager (APM) and assign the roles manually
B) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
C) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
D) Open the Manage Users page and make sure the employees at

5. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
B) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
C) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
D) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.

Solutions: