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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

A) Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
B) Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
C) Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
D) Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively

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

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

3. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) RuleSets
B) Point of View (POV)
C) Formulas
D) Run Time Prompts (RTP)

4. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A) Perform an account analysis online.
B) Create an Account Group using Account Monitor.
C) Use Account Inspector.
D) Open a Smart View file saved on your desktop.

5. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Define two different charts of accounts.
B) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
C) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
D) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

Solutions: