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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Transaction objects in Fusion Accounting Hub are associated to_____________.

A) Event Types
B) Event Entities
C) Journal Line Types
D) Event Classes

2. Identify two valid points to be considered when configuring the workspace database connection.

A) Ledgersetup has to be completed after the database connection is created.
B) Cubes are created as part of ledger setup.
C) An ODBC connection is always required.
D) Multiple cubes can be defined for each combination of the chart of accounts and the accounting calendar.
E) A database connection is needed for each cube.

3. To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A) specify the chart of accounts intercompany payables only
B) specify the chart of account intercompany receivables only
C) specify the chart of account intercompany receivables and intercompany payables accounts
D) specify the Chart of account intercompany receivables accounts, intercompany payables account the source and the category

4. To update an intercompany calendar, the calendar status must be in a(n)__________.

A) Open Period
B) Final Closed Period
C) Newer Open or Closed Period
D) Pending Close Period

5. XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functional divisions: receivables and payables. Select the flow for establishing hierarchy.

A) Hierarchy between functional divisions only
B) Hierarchy between the organization and its departments, and between the departments and their respective functional divisions
C) Hierarchy between departments only
D) hierarchy between the organization and its departments and functional divisions only

Solutions: