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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category
B) specify the chart of accounts intercompany payables only
C) specify the chart of account intercompany receivables and intercompany payables accounts
D) specify the chart of account intercompany receivables only

2. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Debit ledgers
B) Ledger Set
C) Currency Ledgers
D) Level ledger update
E) Related ledgers
F) Single Ledger

3. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Financial Reporting studio
B) Application Development Framework Integration
C) Web ADI
D) SmartVIew

4. Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

A) Currency Symbol, Currency Name
B) Report Currency
C) Currency Code, Currency Name
D) Global Currency (two common currencies), Document Currency,Local Currency

5. A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A) One ledger and one Legal Entity
B) One Ledger and three Legal Entities
C) Two ledger and two Legal Entities
D) Three Ledger and three Legal Entities

Solutions: