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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?

A) Do not use a pivot table.
B) Interactively perform ad hoc inquiries on the financial balances.
C) Export a custom pivot table to Microsoft Excel.
D) Drill down to the detailed balances within a custom pivot table.
E) Close selected accounts and periods that appear in the pivot table.

2. During the analysis phase of the implementation, it was discovered that there were some expense entries that are paid in the current month for services rendered in the next month, the client wants to defer the expense and recognize it in the next month. What would you recommend?

A) Create two accounting events: one for payment and one for recognition.
B) Use Account Derivation rules to create two different entries.
C) Use multiperiod accounting-enabled Journal Line Types.
D) Use Journal Line Definitions.

3. You have been given a task to update a calendar by adding a new period to it. What is the quickest way to perform this task?

A) The application automatically populates the next period.
B) Manually add the periods.
C) Use the Add Year button.
D) Run the Other - Calendar Validation Report.

4. Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

A) View the Projected Balances Region on the Create Journal page
B) View the Account Inquiry window
C) Run Trial Balance.
D) Run the Journals- (132 Char) Report.

5. Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager for approval. Which three additional steps must, be performed for the approval process to work?

A) Define approver authorization limits.
B) Set up journal category to use journal approval.
C) Create an approval hierarchy.
D) Enable customization.
E) Set up journal sources to use Journal approval.

Solutions: