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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Event Entities
B) Journal Sources
C) Process Categories
D) Event Classes and Types
E) Journal Categories

2. How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

A) Enable the offerings in the Manage BI Applications dialog box.
B) Select the Enable for Implementation check box.
C) Select the Business Intelligence check box for the Chart of AccountsInstance.
D) Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
E) Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.

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

4. Which method will reverse accruals in the next accounting period?

A) Create one event and use the Accounting Reversal attribute.
B) Create one entry and use Accrual Reversal GL Date.
C) Create one event and use the GL functionality to perform the reversal.
D) Create two events, one for accrual and another for the reversal.

5. Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?

A) Close selected accounts and periods that appear in the pivot table.
B) Drill down to the detailed balances within a custom pivot table.
C) Export a custom pivot table to Microsoft Excel.
D) Do not use a pivot table.
E) Interactively perform ad hoc inquiries on the financial balances.

Solutions: