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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Smart View
B) Entering budget Journals
C) File-based Data Import
D) Application Development Framework Desktop Integration (ADFdi)

2. 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) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
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) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.

3. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You must assign the corresponding Receivables and Payables Business Units.
B) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
C) You only need to assign the Legal Entity and Organization Contact.
D) You can only associate one Intercompany Organization per Legal Entity.

4. On whichthree occasions are Essbase balances updated?

A) Every time journals are posted to the general ledger
B) At report run-time
C) Every time you open a new period
D) Every time the tree version is published
E) Every time you run the batch program called "Update Essbase Balances"

5. Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?

A) General I edger Trial Balance report
B) Receivables Aging by General Ledger Account report
C) Receivables to General Ledger Reconciliation report
D) AR Aging report

Solutions: