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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:
1. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?
A) Smart View
B) Application Development Framework Desktop Integration(ADFdi)
C) Account Inspector
D) Account Monitor
2. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?
A) Position
B) Supervisory level based on HR Supervisors
C) Approval Group
D) Job level
3. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?
A) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
B) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
C) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
D) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
4. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?
A) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
B) Additional intercompany rules will need to be defined for the two additional balancing segments.
C) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
D) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
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) AR Aging report
C) Receivables Aging by General Ledger Account report
D) Receivables to General Ledger Reconciliation report
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: C | Question # 3 Answer: B,C | Question # 4 Answer: A,D | Question # 5 Answer: D |




