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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

A) Chart Account Balancing Rule
B) Chart of Account Rule
C) Segment qualifier
D) Balancing Segment Rule

2. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type. What is the solution?

A) Create an Account Rule with two rule elements using one for expense type mapping and the other for condition of supplier type.
B) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
C) Create two journal line rules with a condition of supplier type.
D) Create an Account Rule with 31 rule elements using one condition for each expense type; and another for supplier type.

3. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A) getting more detail on a balance by clicking the Show More button
B) setting notification thresholds in the Account Monitor view
C) running a trial balance report to reconcile books
D) moving the cursor over projected balances displays the impact a journal will have on accounts

4. Identify the option that needs to be selected at the header level when assigning a header level subledger Journal Rule Set.

A) Description
B) Accounting Date
C) Ledger
D) Supporting Reference
E) Currency

5. 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) SmartVIew
C) Web ADI
D) Application Development Framework Integration

Solutions: