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| Section | Objectives |
|---|---|
| Financial Reporting and Analysis | - Reporting Capabilities
|
| Allocations and Period Close | - Period-End Processing
|
| Intercompany and Consolidation | - Advanced General Ledger Features
|
| General Ledger Fundamentals | - General Ledger Overview
|
| Enterprise Structure and Configuration | - Enterprise Setup
|
| Journal Processing | - Journal Management
|
1. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?
A) Financial Reporting Center
B) General Accounting Dashboard
C) Journals Work Area
D) Period Close Work Area
2. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?
A) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
B) Run Closing Status reports.
C) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.
D) Use Close Monitor in General Accounting Dashboard.
3. How do you hide accounts with no balances showing #Missing in Smart view?
A) Select the Data/Missing check box in the Data Options tab.
B) This indicates a database connection issue. Try to reconnect to Fusion Applications.
C) Use Excel functions to hide rows with #Missing assigned
D) Choose the Suppress Zeros option under Data options.
4. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?
A) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
B) Additional intercompany rules will need to be defined for the two additional balancing segments.
C) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
D) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
5. Identify three functions of Functional Setup Manager.
A) Automatically mark the status of tasks as Completed after they have been completed.
B) Assign setup tasks to individuals with due dates where users must manually update their completion status.
C) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D) Centrally manage the close processes across subledgers and ledgers.
E) Provide a central place to access and perform all of the setup steps across Fusion application product
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: B | Question # 3 Answer: A | Question # 4 Answer: A,D | Question # 5 Answer: C,D,E |
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