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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. 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) three
C) Two
D) Four

2. Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A) Chart of Accounts Hierarchy maintenance
B) the maintenance of Trading Community Data
C) data modeling
D) data access and security
E) Chart of Accounts Master Data maintenance

3. What are NOT included in the intercompany reconciliation reports?

A) Ledger balancing lines generated when the primary balancing segment value is in balance butneither the second balancing segment northird balancing segment is out of balance; clearing company balancing lines
B) Intercompany receivables and Intercompany payables lines generated for the provider and receiver of each intercompany transaction
C) Clearing company balancing lines
D) Intercompany receivables and intercompany lines generated by the intercompany balancing feature

4. Which three objectives must be considered when designing the chart of accounts?

A) Effectively manage an organization's financial business.
B) Provide less flexibility for management reporting and analysis.
C) Select the segment qualifiers.
D) Anticipate growth and maintenance needs because organizational changes occur
E) Support the audit and control of financial transactions.

5. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) Catalog
B) My Report
C) My folders
D) Shared Folders
E) Analyzer

Solutions: