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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) Two
B) One
C) Four
D) three

2. How do you identify errors in the accounting calendar?

A) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
B) Run the Transaction Calendar Concurrent Process.
C) Run the Create Accounting Process.
D) A calendar with errors can NOT be saved.

3. Which statement about intercompany balancing is INCORRECT?

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

4. Event classes are transaction types used to group____________.

A) Event Types
B) Journal Rule Sets
C) Process Categories
D) Event Models
E) Event Entities

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

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

Solutions: