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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Choose four applications for which SmartView provides a common Microsoft Office interface.

A) Oracle Essbase
B) Oracle E-Business Suite Release 11g
C) Oracle Hyperion Planning, Fusion Edition
D) Oracle Business Intelligence Enterprise Edition
E) Oracle Enterprise Performance Management Workspace, Fusion Edition
F) Oracle Hyperion Financial Management, Fusion Edition

2. Which method will reverse accruals in the next accounting period?

A) Create one event and use the Accounting Reversal attribute.
B) Create one event and use the GL functionality to perform the reversal.
C) Create one entry and use Accrual Reversal GL Date.
D) Create two events, one for accrual and another for the reversal.

3. Which is an INCORRECT Function for Fusion intercompany?

A) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
B) Intercompany enables you to have a more granular set of rules.
C) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
D) You can use a simple setup in which you define one rule for your chart of accounts.

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) One
B) Four
C) Two
D) three

5. Choose the two options that need to be enabled for Journal Approval.

A) Batch level
B) Ledger level
C) Account
D) Journal Source

Solutions: