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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. 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

2. Which is an INCORRECT Function for Fusion intercompany?

A) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.
B) You can use a simple setup in which you define one rule for your chart of accounts.
C) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
D) Intercompany enables you to have a more granular set of rules.

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) Application Development Framework Integration
B) SmartView
C) Web ADI
D) Financial Reporting Studio

4. Which task enables you to define the legal entities that are classified as intercompany organizations?

A) Manage intercompany transactions.
B) Enter intercompany transactions.
C) Edit intercompany transactions.
D) Define intercompany transactions.

5. Which three actions can you perform on subledger journal entities?

A) Incomplete
B) Finish
C) Reverse
D) Duplicate
E) Complete
F) Close

Solutions: