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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. How do you identify errors in the accounting calendar?

A) A calendar with errors can NOT be saved.
B) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
C) Run the Create Accounting Process.
D) Run the Transaction Calendar Concurrent Process.

2. Event classes are transaction types used to group____________.

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

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

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

4. Identify the two items that the intercompany Reconciliation reports display.

A) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
B) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
C) clearing company balance lines
D) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction

5. Choose the four steps required to create and use the chart of accounts.

A) Publish Account Hierarchies.
B) Create Value Sets.
C) Create Chart of Accounts Structure.
D) Create Value Set Values.
E) Create Chart of Accounts Structure Instance.
F) Create Account Hierarchies.

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