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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the two items that the intercompany Reconciliation reports display.

A) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
B) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
C) clearing company balance lines
D) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance

2. Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

A) Account Monitor and Account Inspector
B) Smart View
C) Financial Reporting Studio
D) Financial Reporting Workspace

3. Identify two valid points to be considered when configuring the workspace database connection.

A) A database connection is needed for each cube.
B) Ledgersetup has to be completed after the database connection is created.
C) Multiple cubes can be defined for each combination of the chart of accounts and the accounting calendar.
D) Cubes are created as part of ledger setup.
E) An ODBC connection is always required.

4. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A) Journal Line Types
B) Adjustments in the General Ledger
C) Secondary Valuation method
D) Account Derivation Rules

5. Select two text functions that are available only for financial management.

A) MemberAlias
B) CallText
C) MemberProprty
D) MemberDescription
E) ProcessManagementStatus

Solutions: