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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.
B) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.
C) There is no difference.
D) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.

3. 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) 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.
D) Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

4. Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

A) Oracle Identity Management (OIM)
B) Hire a New Ernployee
C) Policy Manager (APM)
D) Manage Users
E) Financials not a stand-alone product

5. Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A) Detach the table to resize it to the maximum size of the monitor
B) Use the Freeze feature on the tables to scroll through large amounts of data.
C) Export the table to Excel.
D) Run a Business Intelligence Publisher report with Excel as the output format.

Solutions: