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

2. Which two delivered ro.es can access the full functionality of Functional Setup Manager,

A) IT Security Manager
B) Application Implementation Manager
C) Functional Setup Manager Superuser
D) Application Implementation Consultant
E) Any functional user

3. Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?

A) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B) Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
C) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
D) Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

4. You want to process multiple allocations at the same time. What feature do you use?

A) RuleSets
B) General Ledger Journal entries
C) Formulas
D) Point of View (POV)

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

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

Solutions: