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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

A) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
B) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
C) Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
D) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint

2. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

A) In Fusion Financials, you must manually reconcile your intercompany account balances.
B) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
C) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
D) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
E) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.

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

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. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.
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, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.

5. Identify three functions of Functional Setup Manager.

A) Centrally manage the close processes across subledgers and ledgers.
B) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
C) Provide a central place to access and perform all of the setup steps across Fusion application product
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Assign setup tasks to individuals with due dates where users must manually update their completion status.

Solutions: