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| Section | Objectives |
|---|---|
| Accounting and Close Processes | - Financial reporting
|
| Security and Integration | - Role-based access control
|
| Journal Processing | - Journal approvals and posting
|
| General Ledger Configuration | - Enterprise structure setup for Financials
|
| Advanced Financials Features | - Intercompany accounting
|
1. The Journal Import process pulls information from the GL Interface table to create valid, postable journal entries in General Ledger.
Which two statements are true about the Journal Import process?
A) You can only validate and select to transfer journal data in the Summary mode.
B) The process validates all your data before it creates journal entries in General Ledger.
C) Any error transactions from Oracle Subledgers can be easily deleted and resubmitted.
D) FBDI can be used to upload journal entry data from external sources into General Ledger.
2. You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
A) Capture accounting events.
B) Create the accounting in the source system and then import the journal entries into subledger accounting.
C) Analyze external system transactions.
D) Determine the accounting impact of transactions.
3. Which two are valid Data Access Set types? (Choose two.)
A) Read Only access
B) Primary Balancing Segment Value
C) Read and Write access
D) Full Ledger
E) Full access
4. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?
A) The original journal entry in Euros remains the same.
B) There is no unrealized exchange gain or loss calculated.
C) The original journal entry in Euros is updated.
D) You have an unrealized exchange gain recorded.
E) You have an unrealized exchange loss recorded.
5. Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers.
You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)
A) You can download the template only from the Manage Chart of Accounts Mappings page.
B) It supports external integration using REST services.
C) You can create, update, and delete account rules for a chart of accounts mapping.
D) You can create, update, and delete segment rules for a chart of accounts mapping.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: B | Question # 3 Answer: A,E | Question # 4 Answer: A,E | Question # 5 Answer: C,D |
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