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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

2. Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?

A) Create Accounting execution Report
B) Journals - (132 Char)
C) Trial Balance - Detail
D) Create Accounting Report

3. 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) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction
D) clearing company balance lines

4. Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

A) Ctrl + F
B) Ctrl+ L
C) Ctrl + Y
D) Ctrl + G
E) Ctrl + B

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

Solutions: