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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Changing a Fusion Intercompany system option would______________.

A) take effect only on new transactions going forward
B) will be retroactive and include historical transactions
C) impact both new and transactions in progress
D) take effect on new, existing, and transactions in progress
E) be effective on transactions in progress

2. Identify three tasks that can be performed using the General Accounting Dashboard.

A) Configure user responsibilities.
B) Pay invoices to a contractor.
C) Receive instant visibility of transaction statuses.
D) Take immediate action and drill down to uncover more detailed information.
E) Get a high level view of the state of a department.
F) Pay invoices to a supplier.

3. You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

A) Run the Program - Optimizer.
B) Run the chart of Accounts - Account Hierarchy.
C) Run the import Chart of Account Segment Values.
D) Automatically create or modify the cube in Essbase.

4. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) three
B) Two
C) One
D) Four

5. What metric values are available on the General Ledger Dashboard?

A) Schedule Compliance, Target Attainment, Service Level
B) Price Yield, Win-Loss Ratio, Campaign Performance
C) Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus
D) Cost of Goods Sold, Return on Equity

Solutions: