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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) 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.
B) Purge all translated balances, 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.

2. Which two statements are true regarding the export/import of reports?

A) To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
B) Reports on setup data can be used to compare and analyze how the data might have changed over time.
C) A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
D) A set of reports lists user names, suppliers, and customers that have been exported/imported
E) The export/import reports are available only for Fusion Customer Relationship Management.

3. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A) Cross-Validation Rules
B) Role-Based Access
C) Segment Value Security
D) Data Access Sets

4. Which two types of journals can be automatically routed through the journal approval process?

A) Allocation journals
B) Journals imported from third-party systems
C) Sub ledger journals
D) Manual journals
E) Revaluation journals

5. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?

A) Mapping Sets
B) Accounting attributes
C) Event Classes
D) Transaction Objects
E) Event Entities

Solutions: