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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?

A) The journal balances for the allocation or periodic rules are entered and posted in the proper period.
B) The period is set to Open, Never Open or Future Enterable.
C) The period is set to Closed, Never Open or Future Enterable.
D) The period is set to Open or Future Enterable
E) The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.

2. Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management Fusion Edition. What are two primary purposes of this functionality?

A) a master data management solution for creating and maintaining hierarchies across an enterprise
B) stores the identifier for the transaction in the transaction table
C) ability to maintain charts of accounts values and hierarchies in one central location
D) ability to download very large amounts of data
E) accurately reflects the accounting rules

3. What metric values are available on the General Ledger Dashboard?

A) Price Yield, Win-Loss Ratio, Campaign Performance
B) Schedule Compliance, Target Attainment, Service Level
C) Cost of Goods Sold, Return on Equity
D) Profit Centers, Period of Time, Cost Centers, Expenses Budgets versus

4. To update an intercompany calendar, the calendar status must be in a(n)__________.

A) Newer Open or Closed Period
B) Open Period
C) Final Closed Period
D) Pending Close Period

5. You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

A) Run the Program - Optimizer.
B) Run the import Chart of Account Segment Values.
C) Run the chart of Accounts - Account Hierarchy.
D) Automatically create or modify the cube in Essbase.

Solutions: