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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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) Data Access Sets
B) Cross-Validation Rules
C) Role-Based Access
D) Segment Value Security

2. On whichthree occasions are Essbase balances updated?

A) At report run-time
B) Every time journals are posted to the general ledger
C) Every time you run the batch program called "Update Essbase Balances"
D) Every time the tree version is published
E) Every time you open a new period

3. You lust submitted the Accounting Configuration. Which two statements are correct?

A) Open the ledger's period to begin entering transactions.
B) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
C) A Data Access Set with full read/write access to the ledger is automatically created.
D) Verify the data roles created and assign them to the General Ledger users.

4. You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?

A) Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
B) Define the company segment only and qualify it as both the primary balancing segment andintercompany segment.
C) Define two different charts of accounts.
D) Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

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

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

Solutions: