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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

A) Drill Through in Grid Properties
B) Report Functions
C) Nothing. All report balances are drillable in all FR Studio reports.
D) Allow Expansion

2. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A) Smart View
B) Account Monitor
C) Financial Reports with Embedded charts
D) Account Inspector and its charts

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

A) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
B) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) 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.
D) Posting performance is much faster.
E) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

4. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule's chartof accounts have no account values assigned
B) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
C) The Account Rule's conditions are not defined.
D) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.

5. Your company has complex consolidation requirements with multiple general ledger instances.
You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?

A) The data is not transferred.
B) Data is summarized across segments that are not mapped to Hyperion Financial Management
C) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
D) The unmapped segments default to future use segments in Hyperion Financial Management

Solutions: