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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which statement about intercompany balancing is INCORRECT?

A) Segment values can be assigned more than once within your chart of account.
B) Segment values can be assigned only once within your chart of account.
C) The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.
D) Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment.
E) Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company.

2. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A) getting more detail on a balance by clicking the Show More button
B) setting notification thresholds in the Account Monitor view
C) running a trial balance report to reconcile books
D) moving the cursor over projected balances displays the impact a journal will have on accounts

3. Identify two INVALID features of POV in Financial Reporting Studio.

A) To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.
B) POV book is specific to any report or grid object in report in that book.
C) Multiple grids cannot be Included in a report.
D) A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
E) All POVs allow a single member to be set for a dimension.

4. Identify the option that needs to be selected at the header level when assigning a header level subledger Journal Rule Set.

A) Supporting Reference
B) Accounting Date
C) Description
D) Currency
E) Ledger

5. Changing a Fusion Intercompany system option would______________.

A) will be retroactive and include historical transactions
B) take effect on new, existing, and transactions in progress
C) be effective on transactions in progress
D) impact both new and transactions in progress
E) take effect only on new transactions going forward

Solutions: