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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Event classes are transaction types used to group____________.

A) Event Types
B) Journal Rule Sets
C) Process Categories
D) Event Models
E) Event Entities

2. 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) Balancing Segment Rule
C) Segment qualifier
D) Chart of Account Rule

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

4. An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?

A) Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub
B) Twoevents: one for invoice creation and one for the adjustment
C) Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment
D) Threeevents: one for invoice creation and two for line creation

5. Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of Gross Margin Analysis

A) Value Trends KPI
B) Gross Margins KPI
C) Item Cost KPI
D) Inventory Value KPI

Solutions: