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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

2. An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?

A) Threeevents: one for invoice creation and two for line creation
B) Twoevents: one for invoice creation and one for the adjustment
C) Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub
D) Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment

3. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Process Categories
B) Event Classes and Types
C) Event Entities
D) Journal Sources
E) Journal Categories

4. What are NOT included in the intercompany reconciliation reports?

A) Intercompany receivables and intercompany lines generated by the intercompany balancing feature
B) Clearing company balancing lines
C) 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
D) Intercompany receivables and Intercompany payables lines generated for the provider and receiver of each intercompany transaction

5. Identify the valid data source where key Figure Manager is used for Financial Reporting.

A) SAP BW
B) EssBase
C) Financial Management
D) MSOLAP
E) Planning

Solutions: