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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Journal Sources
B) Event Classes and Types
C) Process Categories
D) Event Entities
E) Journal Categories

2. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) SmartVIew
B) Financial Reporting studio
C) Application Development Framework Integration
D) Web ADI

3. Identify the business intelligence component that enables you to explore and interact with information by visually presenting data in tables, graphs, and pivot tables.

A) Oracle Business Intelligence- Enterprise Edition
B) Oracle Business Intelligence Applications
C) BI Composer
D) Oracle Transaction Business intelligence
E) Analysis Editor

4. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A) setting notification thresholds in the Account Monitor view
B) getting more detail on a balance by clicking the Show More button
C) running a trial balance report to reconcile books
D) moving the cursor over projected balances displays the impact a journal will have on accounts

5. Which statement about intercompany balancing is INCORRECT?

A) Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company.
B) Segment values can be assigned more than once within your chart of account.
C) Segment values can be assigned only once within your chart of account.
D) Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment.
E) The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.

Solutions: