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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with an external system.

A) Enable external system to create Journal entries.
B) Determine the accounting impact of transactions.
C) Analyze external system transactions.
D) Capture accounting events.

2. Identify the two steps that must be completed when performing Accounting Configuration

A) Create Reporting Currencies
B) Create Primary Ledgers
C) Create Legal Entities
D) Open First Period

3. A customer is trying to build dynamic reports in Fusion Financial Reporting. What are two recommendations?

A) Use multiple data segments for formatting or calculating.
B) Use cell formulas to write efficient formulas rather than row or column formulas.
C) Use Function on expanded data segments that are NOT placed on separate rows or columns.
D) Create reusable objects and row and column templates.

4. Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A) spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
B) spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period
C) temporarily locking the values of certain cells while spreading data over time periods
D) spreading data in a summary time period that includes members and mixed currency types
E) spreading values among children and parents proportionally, based on existing distribution

5. Identify two INVALID features of POV in Financial Reporting Studio.

A) Multiple grids cannot be Included in a report.
B) All POVs allow a single member to be set for a dimension.
C) POV book is specific to any report or grid object in report in that book.
D) A memberselection function with CurrentPOV as the member parameter changes to a User POV when members are selected from a row, column or page axis on a grid.
E) To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for a dimension.

Solutions: