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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
B) The Account Rule's conditions are not defined.
C) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.
D) The Account Rule's chartof accounts have no account values assigned

2. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A) Open Access Policy Manager (APM) and assign the roles manually
B) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
C) Open the Oracle Identity Management (OIM) and make sure the data roles were created.
D) Open the Manage Users page and make sure the employees at

3. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Determine the accounting impact of transactions.
B) Analyze external system transactions.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Capture accounting events.

4. Which two are prerequisites for creating subledger accounting entries?

A) Selecting source values from transaction objects
B) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
C) Populating supporting reference information in reference objects
D) Completing preaccounting validation
E) Creating subledger accounting events

5. What is the most efficient way to add a new year to the accounting calendar?

A) Use the Add Year button
B) The application automatically populates the next year when you open the first period a new fiscal year.
C) Add the periods manually
D) Import the periods from a spreadsheet

Solutions: