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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

A) Add a ledger-balancing line in the intercompany Receivables account and rerun the report
B) Run the report using an additional common currency conversion rate
C) Add a ledger-balancing line in the intercompany Payables account and rerun the report
D) Run additional reports using a number of varied currency conversion rates

2. Account Rules are specific to ____________.

A) Event Types
B) Event Classes
C) Journal Rule sets
D) Accounting methods
E) Subledger application

3. Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals that produce an error during the Posting Process or that are rejected in the approval flow?

A) Incomplete
B) Pending Approval Prom Others
C) Requiring Attention
D) Import Errors

4. The General Ledger supervisor requested a schedule be created to AutoPost the subledger accounts different times. To accomplish this, the AutoPost criteria need to be set by__________.

A) Source
B) Journal
C) Category
D) Batch

5. If you change the status of a tree structure, the status of the trees and tree versions associated with structure also change. Which three statuses apply to the tree structure?

A) Future
B) Draft
C) Inactive
D) Active
E) Pending

Solutions: