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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Choose the four steps required to create and use the chart of accounts.

A) Create Account Hierarchies.
B) Create Value Sets.
C) Create Chart of Accounts Structure.
D) Publish Account Hierarchies.
E) Create Chart of Accounts Structure Instance.
F) Create Value Set Values.

2. Identify the two items that the intercompany Reconciliation reports display.

A) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
B) clearing company balance lines
C) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
D) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction

3. Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals that produce an error during the Posting Process or that are rejected in the approval flow?

A) Incomplete
B) Import Errors
C) Requiring Attention
D) Pending Approval Prom Others

4. Which attribute does NOT need to be considered when creating intercompany transaction?

A) Default Organization contact
B) Legal Entity
C) Receivables and Payables Business Units
D) Default Transaction Type

5. A Client has a sales region the East coast and one on the West coast. The East coast sales region wants data analyzed for only their region.
Which tool should be used?

A) SmartView
B) SmartCube
C) SmartSlice
D) Web ADI

Solutions: