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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A) Cloud customers can use both OTBI and OBIA.
B) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
C) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
D) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
E) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly

2. Which three objectives must be considered when designing the chart of accounts?

A) Anticipate growth and maintenance needs as organizational changes occur.
B) Try to use all 30 segments and 25 characters per segment because you cannot change It later.
C) Limit the number of segments to those you need today to reduce data entry.
D) Consider implementing a single, global chart of accounts
E) Effectively manage an organization's financial business.

3. You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.
B) Use the "Hire an Employee" user interfaceto inter each user manually.
C) Use SQL to populate the HR interface tables and load employees in bulk.
D) Use the "Enter a Supplier" user interface to enter each user manually.
E) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.

4. You lust submitted the Accounting Configuration. Which two statements are correct?

A) A Data Access Set with full read/write access to the ledger is automatically created.
B) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
C) Verify the data roles created and assign them to the General Ledger users.
D) Open the ledger's period to begin entering transactions.

5. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

A) In Fusion Financials, you must manually reconcile your intercompany account balances.
B) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
C) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
D) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
E) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

Solutions: