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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. Your customer requires physical invoices to be generated in Fusion Payables and Fusion Receivables for the intercompany payables and receivables transactions.
What statement is correct with regard to setting this up?

A) You must perform additional setup steps for Fusion Payables and Fusion Receivables.
B) You can only associate one Intercompany Organization per Legal Entity.
C) You only need to assign the Legal Entity and Organization Contact.
D) You must assign the corresponding Receivables and Payables Business Units.

3. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Description
B) Journal Source
C) Journal Category
D) Journal Batch

4. You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

A) Report Functions
B) Allow Expansion
C) Nothing. All report balances are drillable in all FR Studio reports.
D) Drill Through in Grid Properties

5. Which statement is true when creating an Implementation Project for Fusion Financials?

A) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
B) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
C) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
D) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

Solutions: