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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three types of objects can be created in Allocation Manager?

A) Rule Sets that contain sets of rules that can be calculated sequentially
B) Complex computations based on different variables to automatically calculate allocated amounts.
C) Journal formulas grouped together and executed sequentially to update account balances step by step
D) components that contain formulas, points of view, or allocation Objects
E) Rules that contain components, such as points of view, formulas, and templates

2. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) One
B) Four
C) three
D) Two

3. A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?

A) Use Function on expanded data segments that are NOT placed on separate rows or columns.
B) Create reusable objects and row and column templates.
C) Use multiple data segments for formatting or calculating.
D) Use cell formulas to write efficient formulas rather than row or column formulas.

4. What is the primary source of data that is used for the Financial Reporting Center?

A) the Code Combinations table
B) defined dimensions for journals
C) transaction tables
D) data from the balances cubes and dimensions contained in the chart of account segments

5. Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A) the maintenance of Trading Community Data
B) Chart of Accounts Master Data maintenance
C) Chart of Accounts Hierarchy maintenance
D) data modeling
E) data access and security

Solutions: