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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
B) There is no difference.
C) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
D) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

2. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Delete the journal and create a new journal.
B) Update the journal through workflow
C) Reverse the journaland create a new one.
D) Click the Withdraw Approval button in the Edit Journals page and edit the journal.

3. You want to display OTBI reports and graphs in PowerPoint to show general ledger or subledger data.
How do you accomplish this?

A) Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
B) Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to PowerPoint
C) Use SmartView to create reports and charts using general ledger and subledger subject areas embed the charts/reports into PowerPoint
D) Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.

4. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?

A) Users can drill down on snapshot reports for future analysis.
B) Snapshot reports can only be viewed online.
C) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
D) Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
E) Using Workspace, assemble multiple reports into a book.

5. You lust submitted the Accounting Configuration. Which two statements are correct?

A) Verify the data roles created and assign them to the General Ledger users.
B) Open the ledger's period to begin entering transactions.
C) A Data Access Set with full read/write access to the ledger is automatically created.
D) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

Solutions: