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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Approval Group
C) Supervisory level based on HR Supervisors
D) Job level

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

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

3. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Policy Manager (APM)
B) Manage Users
C) Oracle Identity Management (OIM)
D) Financials not a stand-alone product
E) Hire a New Ernployee

4. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) Account Analysis Reports
B) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C) Journals Reports
D) Aging Reports

5. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Define two different charts of accounts.
B) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
C) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
D) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.

Solutions: