Part5:Last Year Oracle Fusion General Ledger Certification Question Answers

QUESTION 17
What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

Option's:
A.    General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B.    You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
C.    You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D.    Posting performance is much faster.
E.    Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
 

Answer: B,D

QUESTION 18
You are required to change today's daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates?

 

Option's:
A.    Use the spreadsheet loader from the Currency Rates Manager.
B.    Import daily rates through the Daily Rates open interface table.
C.    Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
D.    Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger's Period Close work area.
E.    Edit existing transactions and update the rates manually.

Answer: B,C,D

 

QUESTION 19
You create a prepayment for USD l00 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice.
You then apply the prepayment fully on to the invoice and re validate it.
What happens to the available funds when you apply a prepayment that requires budgetary control?

 

Option's:
A.    The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.
B.    The prepayment application releases funds of 200 USD ^nd the invoice consumes funds of lOO USD, with a net decrease to available funds of 200 USD.
C.    Available funds will not change till invoice is approved.
D.    The prepayment application releases funds of lOO USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.
E.    The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.
F.    The budget will be released only foi the USD 30O invoice amount.

Answer: F

QUESTION 20
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?

 

Option's:
A.    Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively
B.    Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
 
C.    Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
D.    Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

Answer: C