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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which three objectives must be considered when designing the chart of accounts?

A) Effectively manage an organization's financial business.
B) Anticipate growth and maintenance needs as organizational changes occur.
C) Try to use all 30 segments and 25 characters per segment because you cannot change It later.
D) Consider implementing a single, global chart of accounts
E) Limit the number of segments to those you need today to reduce data entry.

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

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

3. How do you hide accounts with no balances showing #Missing in Smart view?

A) Choose the Suppress Zeros option under Data options.
B) Use Excel functions to hide rows with #Missing assigned
C) Select the Data/Missing check box in the Data Options tab.
D) This indicates a database connection issue. Try to reconnect to Fusion Applications.

4. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Determine the accounting impact of transactions.
B) Capture accounting events.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Analyze external system transactions.

5. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?

A) Use Account Inspector that automatically creates graphs on financial balances.
B) When designing your financial statement using Financial Report (FR), embed a chart into your report
C) Use Smart View, which is and Excel Add-on
D) When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

Solutions: