Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
B) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
C) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
D) Cloud customers can use both OTBI and OBIA.
E) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly

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

3. 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) 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.
C) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
D) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.

4. You are reconciling your Payables the Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between thebalances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

A) All sub ledger transactions have been entered but do not have complete accounting.
B) Period Close processes,such as Revaluation, Translation, and Consolidation have not beenperformed yet
C) Subledger transactions have been accounted and transferred to General Ledger but have not been posted.
D) There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.
E) Intercompany transactions have not been fully processed.

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

Solutions: