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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?

A) Approval Group
B) Position
C) Supervisory level based on HR Supervisors
D) Job level

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

5. 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) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
B) 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.
C) Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
D) 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.

Solutions: