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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) Segment qualifier
B) Balancing Segment Rule
C) Chart Account Balancing Rule
D) Chart of Account Rule
2. When recording the closing of a loan, you can link to the account that was used to book the loan origination.
Which option would you choose in Journal Line Rule?
A) Merge Matching Lines to All
B) Link Journal Lines Options set toBusinessFlow
C) Link Journal Lines Options set to None
D) Link Journal Lines Options set to Copy from Corresponding Line
E) Journal Line Rule Conditions
3. When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?
A) The period is set to Closed, Never Open or Future Enterable.
B) The period is set to Open or Future Enterable
C) The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
D) The period is set to Open, Never Open or Future Enterable.
E) The journal balances for the allocation or periodic rules are entered and posted in the proper period.
4. 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) Position
B) Approval Group
C) Human Resources (HK) Supervisory
D) Job level
5. How do you identify errors in the accounting calendar?
A) A calendar with errors can NOT be saved.
B) Run the Transaction Calendar Concurrent Process.
C) An error messageisdisplayed when you enter a new calendar or change data on an existing calendar
D) Run the Create Accounting Process.
Solutions:
Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: B,C,E | Question # 4 Answer: C | Question # 5 Answer: A |