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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?

A) Use the Add Year button.
B) Run the Other - Calendar Validation Report.
C) The application automatically populates the next period.
D) Manually add the periods.

2. Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported into financial Reporting.

A) Dynamic Report (* .des)
B) Books. (*.kbk)
C) Snapshot Reports (*.rpt)
D) Impact Manage Transformation Scripts (*. Js)

3. You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?

A) Define, validate and deploy the rules or rule sets successfully from Allocation Manager.
B) Set the period to Close or Open.
C) Enter and post the journal balances for Mass Allocation in the Close period.
D) Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.

4. A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?

A) Use the Third Party control account feature.
B) Use supporting references to capture customer classification.
C) Use Open account balances listing.
D) Capture it as a source and develop custom report.
E) Change the Chart of Accounts structure to include customer classification; there is no other option.

5. How do you identify errors in the accounting calendar?

A) A calendar with errors can NOT be saved.
B) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
C) Run the Create Accounting Process.
D) Run the Transaction Calendar Concurrent Process.

Solutions: