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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the two steps that must be completed when performing Accounting Configuration

A) Create Reporting Currencies
B) Create Legal Entities
C) Open First Period
D) Create Primary Ledgers


2. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) Two
B) One
C) Four
D) three


3. Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A) spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period
B) spreading values among children and parents proportionally, based on existing distribution
C) temporarily locking the values of certain cells while spreading data over time periods
D) spreading data in a summary time period that includes members and mixed currency types
E) spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none


4. Which statement about intercompany balancing is INCORRECT?

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


5. How do you represent the Chart of Account Segments in SmartView technology?

A) Members
B) User POV
C) Dimensions
D) Grid POV


Solutions:

Question # 1
Answer: B,D
Question # 2
Answer: A
Question # 3
Answer: D
Question # 4
Answer: C
Question # 5
Answer: C

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