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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Identify three tasks that can be performed using the General Accounting Dashboard.

A) Take immediate action and drill down to uncover more detailed information.
B) Pay invoices to a supplier.
C) Get a high level view of the state of a department.
D) Receive instant visibility of transaction statuses.
E) Configure user responsibilities.
F) Pay invoices to a contractor.

2. Event classes are transaction types used to group____________.

A) Event Types
B) Event Models
C) Event Entities
D) Journal Rule Sets
E) Process Categories

3. The lowest level of granularity at which a journal entry rule set can be assigned is_____________.

A) Event Types
B) Events
C) Event Entities
D) Event Classes
E) Journal line Rules

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

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

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

Solutions: