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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A) One Ledger and three Legal Entities
B) Two ledger and two Legal Entities
C) Three Ledger and three Legal Entities
D) One ledger and one Legal Entity

2. Which two locations display reports and folders that you have been granted access to based on your role, but have NOT created?

A) My Report
B) Analyzer
C) My folders
D) Shared Folders
E) Catalog

3. 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) Application Development Framework Integration
C) Financial Reporting Studio
D) SmartView

4. The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?

A) builds account for a journal line using segments from the offsetting entry of the current journal line
B) copies the description from the debitline to the credit line
C) copies the accounting dale from a previous journal
D) copies the accounted amount from a previous journal
E) copies from a previous journal line

5. What is the most efficient way to add a new year to the accounting calendar?

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

Solutions: