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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. The reconciliation report shows the Entered or transaction amount of the accounting entries booked to the intercompany receivables and payables accounts for___________.

A) A pair of provider and receiver legal entities
B) Business segment only
C) A provider only
D) A legal entity only

2. When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?

A) Manage Historical Rates.
B) Manage General Accounting Dashboard.
C) Manage intercompany Settlements.
D) Manage Allocations and Period Entries.
E) Manage Revaluations.

3. A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A) Two ledger and two Legal Entities
B) One Ledger and three Legal Entities
C) One ledger and one Legal Entity
D) Three Ledger and three Legal Entities

4. Which three types of objects can be created in Allocation Manager?

A) Rules that contain components, such as points of view, formulas, and templates
B) Journal formulas grouped together and executed sequentially to update account balances step by step
C) Complex computations based on different variables to automatically calculate allocated amounts.
D) Rule Sets that contain sets of rules that can be calculated sequentially
E) components that contain formulas, points of view, or allocation Objects

5. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Single Ledger
B) Related ledgers
C) Level ledger update
D) Debit ledgers
E) Ledger Set
F) Currency Ledgers

Solutions: