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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

2. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Financial Reporting Studio
B) Application Development Framework Integration
C) SmartView
D) Web ADI

3. In Oracle Fusion, you can define more complex structure and multiple rules between pairs of____________.

A) Primary Segments only
B) Legal Entities only
C) Ledger, Legal Entities, or Primary Segments
D) Ledgers only

4. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the chart of account intercompany receivables and intercompany payables accounts
B) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
C) specify the chart of account intercompany receivables only
D) specify the chart of accounts intercompany payables only

5. What are two reasons for using scorecards?

A) Dimension Pinnings
B) an objective and its supporting child objectives
C) Assessment Mappings
D) KPIs are represented hierarchically
E) Gauges

Solutions: