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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?

A) Enter and post the journal balances for Mass Allocation in the Close period.
B) Set the period to Close or Open.
C) Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.
D) Define, validate and deploy the rules or rule sets successfully from Allocation Manager.

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

3. 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

4. Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

A) Smart View
B) Financial Reporting Workspace
C) Financial Reporting Studio
D) Account Monitor and Account Inspector

5. Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A) data modeling
B) Chart of Accounts Hierarchy maintenance
C) the maintenance of Trading Community Data
D) data access and security
E) Chart of Accounts Master Data maintenance

Solutions: