Part18:Last Year Oracle Fusion General Ledger Certification Question Answers

QUESTION 73
Your customer wants to use a clearing company to automatically balance Intercompany entries. Which three statements are true regarding the use of a clearing company value?

 

Option's:

A.    Clearing companies are not supported.
B.    If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity.
C.    You must map legal entities to balancing segment values in order to use a clearing company.
D.    If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger.
E.    If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal.

 

Answer: A,C,E
 

 
QUESTION 74
Who are the three primary Functional Setup Manager users?

 

Option's:
A.    End Users that perform transaction processing
B.    Implementation Project Managers and Consultants
C.    System Administrators
D.    Application Developers
E.    C-Level Executives 

 

Answer: A,B,C
Answer Explanation: http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.html

 

QUESTION 75
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?
 

 

Option's:

A.    Account Inspector
B.    Smart View
C.    Account Monitor
D.    Online Transactional Business Intelligence
E.    Financial Reports published to Excel 

 

Answer: E

QUESTION 76
You want to automatically post journal batches imported from sub ledger source to prevent accidental edits of deletions of the sub ledger sources journals, which could cause an out - of-balance situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your Auto Post Criteria?

 

Option's:
A.    Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process.
B.    Include all of your sub ledger sources in the Auto Post Criteria. Divide up criteria sets by sub ledger source only if you need to schedule different posting times.
C.    Create your Auto Post criteria using minimal source and categories.
D.    Schedule your Auto Post Criteria set to run during off-peak hours only 

 

 Answer: B