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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

2. When you use allocations, revaluation, or translation to define and maintain your period close component, which three tasks should you perform under the Define Period Close Components parent task in your implementation project?

A) Manage General Accounting Dashboard.
B) Manage Allocations and Period Entries.
C) Manage Revaluations.
D) Manage Historical Rates.
E) Manage intercompany Settlements.

3. 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 account intercompany receivables and intercompany payables accounts
C) specify the chart of account intercompany receivables only
D) specify the chart of accounts intercompany payables only

4. In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

A) By both legal and balancing segments values
B) By legal entity only
C) By account values
D) By primary balancing segment values only

5. Which accounting attribute group will capture a customer's accounting invoice and the cash applied to that invoice?

A) Tax attribute
B) Distribution identifiers
C) Business Flow
D) System Transaction identifiers

Solutions: