Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What type of user must be defined before you can create an Implementation Project?

A) Implementation Users
B) A full-time employee that has the FSM Superuser role assigned
C) None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the system, has full access.
D) All roles that will be used throughout the implementation
E) None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.

2. You operate in a country whose unstable currency makes it unsuitable for managing your day-today business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?

A) Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.
B) Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.
C) Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.
D) Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

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

4. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
B) Average balances are stored for both subledger balances and general ledger balances.
C) Average balances are maintained for both actual and budget balances.
D) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
E) Average balances are stored in the Essbase cube.

5. Which statement is true when creating an Implementation Project for Fusion Financials?

A) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
B) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
C) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
D) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

Solutions: