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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which is an INCORRECT Function for Fusion intercompany?

A) Intercompany enables you to have a more granular set of rules.
B) You can use a simple setup in which you define one rule for your chart of accounts.
C) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
D) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.

2. Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?

A) Create an approval hierarchy.
B) Enable customization.
C) Set up journal category to use journal approval.
D) Set up journal sources to use Journal approval.
E) Define approver authorization limits.

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) Intercompany receivables and intercompany lines generated by the intercompany balancing feature
D) Clearing company balancing lines

4. During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?

A) Use Account Derivation rules to create two different entries.
B) Create two accounting events: one for payment and one for recognition.
C) Use multiperiod accounting-enabled Journal Line Types.
D) Use Journal Line Definitions.

5. Where do you perform real-time, ad hoc queries from a data warehouse?

A) Oracle Transaction Business Intelligence
B) Account Monitory and Account Inspector
C) General Accounting and Journals dashboards
D) Oracle Business Intelligence Analytics

Solutions: