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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

A) Balancing Segment Rule
B) Chart Account Balancing Rule
C) Segment qualifier
D) Chart of Account Rule

2. In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

A) By account values
B) By primary balancing segment values only
C) By legal entity only
D) By both legal and balancing segments values

3. Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to build approvals. Which AMX builder method is most effective when the General Accountant enters the journals for approval?

A) Human Resources (HK) Supervisory
B) Position
C) Approval Group
D) Job level

4. Which three types of objects can be created in Allocation Manager?

A) Journal formulas grouped together and executed sequentially to update account balances step by step
B) components that contain formulas, points of view, or allocation Objects
C) Rules that contain components, such as points of view, formulas, and templates
D) Complex computations based on different variables to automatically calculate allocated amounts.
E) Rule Sets that contain sets of rules that can be calculated sequentially

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

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

Solutions: