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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

2. Which attribute does NOT need to be considered when creating intercompany transaction?

A) Default Transaction Type
B) Receivables and Payables Business Units
C) Default Organization contact
D) Legal Entity

3. Which statement about intercompany balancing is INCORRECT?

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

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

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

5. 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) accurately reflects the accounting rules
C) stores the identifier for the transaction in the transaction table
D) ability to maintain charts of accounts values and hierarchies in one central location
E) ability to download very large amounts of data

Solutions: