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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Which three ledgers can be viewed from the Close Status work region of the General Accounting Dashboard?

A) Related ledgers
B) Single Ledger
C) Debit ledgers
D) Level ledger update
E) Ledger Set
F) Currency Ledgers

2. Transactions may involve multiple currencies that require a common currency to make the reports meaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

A) Currency Symbol, Currency Name
B) Report Currency
C) Currency Code, Currency Name
D) Global Currency (two common currencies), Document Currency,Local Currency

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

4. Where can a multidimensional analysis of accounting balances be performed online?

A) Account Monitor and Account Inspector
B) Forecast and Actual versus Quota
C) Requisition Overview
D) Revenue Influenced by Program
E) Project Analytics

5. The life cycle of a transaction's accounting impact is modeled by using__________.

A) Journal Sources
B) Process Categories
C) Event Classes and Types
D) Event Entities
E) Journal Categories

Solutions: