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

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

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

3. Select the option that helps in sharing Account Rules across applications.

A) Transaction Objects
B) Same Chart of Accounts
C) Same Value Set validation
D) Reference Objects

4. How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

A) Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.
B) Select the Business Intelligence check box for the Chart of AccountsInstance.
C) Enable the offerings in the Manage BI Applications dialog box.
D) Select the Enable for Implementation check box.
E) Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.

5. 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) Financial Reporting studio
B) Application Development Framework Integration
C) SmartVIew
D) Web ADI

Solutions: