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

A) Cloud customers can use both OTBI and OBIA.
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 works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
D) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
E) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly

3. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Application Development Framework Desktop Integration(ADFdi)
B) Account Monitor
C) Account Inspector
D) Smart View

4. Which two are prerequisites for creating subledger accounting entries?

A) Selecting source values from transaction objects
B) Creating subledger accounting events
C) Populating supporting reference information in reference objects
D) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
E) Completing preaccounting validation

5. Your user forgot the password. How do you resolve this?

A) Create a new user ID and password for the user.
B) Use Oracle Identity Management (OIM) to reset the user's password.
C) Use Access Policy Manager (APM) to reset the user's password.
D) Log in to the user's machine as an Administrator and change the password from the login pa
E) Use the Manage Users page to update the user's information and change the password.

Solutions: