Oracle Fusion Financials: General Ledger 2014 Essentials

Question 1

Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. Data Access Sets

B. Reference Data Sets

C. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.

D. Business Units functions

Correct Answer: D

Question 2

On whichthree occasions are Essbase balances updated?

A. At report run-time

B. Every time you run the batch program called "Update Essbase Balances"

C. Every time you open a new period

D. Every time journals are posted to the general ledger

E. Every time the tree version is published

Correct Answer: A,D,E

Question 3

You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A. Formulas

B. Run Time Prompts (RTP)

C. RuleSets

D. Point of View (POV)

Correct Answer: A,B,C

Question 4

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 is defined with a different chart of accounts from the Journal Entry Rule Set.

B. The Account Rule's chartof accounts have no account values assigned

C. The Account Rule's conditions are not defined.

D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.

Correct Answer: B,D

Question 5

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

A. A set of reports lists user names, suppliers, and customers that have been exported/imported

B. The export/import reports are available only for Fusion Customer Relationship Management.

C. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.

D. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.

E. Reports on setup data can be used to compare and analyze how the data might have changed over time.

Correct Answer: B,D

Question 6

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

A. Receivables Aging by General Ledger Account report

B. Receivables to General Ledger Reconciliation report

C. AR Aging report

D. General I edger Trial Balance report

Correct Answer: B

Question 7

You want to specify Intercompany System Options.
Which three factors should you consider?

A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

B. Whether to allow receivers to reject intercompany transactions

C. The approvers who will approve intercompany transactions

D. Automatic or manual batch numbering and the minimum transaction amount

E. Automatic or manual batch numbering and the maximum transaction amount

Correct Answer: A,B,E

Question 8

When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A. Make sure the tree version was published successfully.

B. Make sure to flatten the rows of the tree version.

C. Make sure the tree is active.

D. Redeploy the chart of accounts.

Correct Answer: D

Oracle Fusion Financials: General Ledger 2014 Essentials - 1z0-408 Exam Practice Test

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