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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. 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) Web ADI
B) SmartView
C) Application Development Framework Integration
D) Financial Reporting Studio

2. The Receivables and Payables accounts that are automatically generated by intercompany transactions use rules and attributes in what order?

A) Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger Level Rules
B) Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of Account Rules
C) Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules
D) Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing Segment Rules
E) Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of Accounts Rules

3. There is a performance issue with new account hierarchies. Which setting would you update to improve performance?

A) Column set
B) Row set
C) ADF Business component View Objects
D) Parent Child Relationship

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

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

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

Solutions: