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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
B) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.
C) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
D) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

2. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?

A) Users can drill down on snapshot reports for future analysis.
B) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
C) Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
D) Snapshot reports can only be viewed online.
E) Using Workspace, assemble multiple reports into a book.

3. Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?

A) Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
B) Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
C) Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
D) You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.

4. Which two statements are true regarding the export/import of reports?

A) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
B) A set of reports lists user names, suppliers, and customers that have been exported/imported
C) Reports on setup data can be used to compare and analyze how the data might have changed over time.
D) The export/import reports are available only for Fusion Customer Relationship Management.
E) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

5. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) Posting performance is much faster.
B) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
D) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
E) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.

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