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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A user wants to enter a multiple currency journal in the General Ledger. What must the user do to see the conversion rate type, conversion date, and conversion rate columns?

A) At the Journal line level, select a blank value in the currency field.
B) At the Journal Header level, accept the default value in the currency field.
C) At the Journal line level, accept the default value in the currency field.
D) At the Journal Header level, select a blank value in the currency field.

2. Transaction objects in Fusion Accounting Hub are associated to_____________.

A) Event Classes
B) Journal Line Types
C) Event Entities
D) Event Types

3. A company has three divisions: a U.S. division that covers the U.S. locations, a European division that covers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisions have their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A) One Ledger and three Legal Entities
B) Two ledger and two Legal Entities
C) Three Ledger and three Legal Entities
D) One ledger and one Legal Entity

4. Identify the valid data source where key Figure Manager is used for Financial Reporting.

A) Financial Management
B) MSOLAP
C) EssBase
D) SAP BW
E) Planning

5. Identify the two items that the intercompany Reconciliation reports display.

A) intercompany receivables and intercompany payables lines generated by the intercompany balancing feature
B) clearing company balance lines
C) ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance
D) intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction

Solutions: