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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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


2. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Make sure the tree is active.
C) Make sure to flatten the rows of the tree version.
D) Redeploy the chart of accounts.


3. You want to process multiple allocations at the same time. What feature do you use?

A) RuleSets
B) Formulas
C) General Ledger Journal entries
D) Point of View (POV)


4. Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

A) There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.
B) Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading.
C) Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
D) There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.


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

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


Solutions:

Question # 1
Answer: A
Question # 2
Answer: D
Question # 3
Answer: B
Question # 4
Answer: D
Question # 5
Answer: D,E

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