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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. What is the most efficient way to add a new year to the accounting calendar?

A) Use the Add Year button.
B) Run the Other - Calendar Validation Report.
C) The application automatically populates the next period.
D) Add the periods manually.

2. Select two text functions that are available only for financial management.

A) MemberProprty
B) CallText
C) ProcessManagementStatus
D) MemberDescription
E) MemberAlias

3. Choose the four steps required to create and use the chart of accounts.

A) Create Value Sets.
B) Publish Account Hierarchies.
C) Create Account Hierarchies.
D) Create Chart of Accounts Structure Instance.
E) Create Value Set Values.
F) Create Chart of Accounts Structure.

4. Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of Gross Margin Analysis

A) Value Trends KPI
B) Gross Margins KPI
C) Item Cost KPI
D) Inventory Value KPI

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

Solutions: