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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A) Close all subledger periods.
B) Freeze the Intercompany Journal source in General Ledger.
C) Close Intercompany periods in Fusion Intercompany.
D) Close the General Ledger period in the Manage Accounting Periods page.

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

4. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?

A) Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
B) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
C) Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
D) Create two journal line rules with a condition of supplier type.

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

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

Solutions: