Saturday, December 5, 2020

Last Year Oracle Fusion General Ledger Certification Question Answers

Last Year Oracle Fusion General Ledger Certification Question Answers

 
QUESTION 1
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.    Manage Users
B.    Hire a New Employee
C.    Oracle Identity Management (OIM)
D.    Policy Manager (APM)
E.    Financials not a stand-alone product 
 
 
Answer: C
Answer Explanation: Oracle Identity Management (OIM)

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

 
Option's:
A.    There is no difference.
B.    The “Real Time” subject areas are based on real-time transactions and all others are based on Historical data.
C.    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.
D.    The “Real time” subject areas are based on sub ledger transactions and all others are based on general ledger balances.

 
Answer: B
Answer Explanation: The “Real Time” subject areas are based on real-time transactions and all others are based on Historical data

 
QUESTION 3
You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practices for streamlining this process?

 
Option's:
A.    Define separate revaluation definitions for each class of accounts, currency, and different rate types.
B.    Use hierarchies and parent values in your revaluation definition.
C.    Share revaluation definitions across ledgers that share the same chart of accounts.
D.    Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply change the parameters at run time.

 
Answer: B
Answer Explanation: Use hierarchies and parent values in your revaluation definition.

 
QUESTION 4
You want to enter budget data in Fusion General Ledger. Which method is not supported?

 
 
Option's:
A.    Smart View
B.    Application Development Framework Desktop Integration (ADFdi)
C.    File-based Data Import
D.    Entering budget Journals

 
Answer: D 
Answer Explanation: Entering budget Journals to enter budget data in Fusion General Ledger.



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