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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

2. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

A) Add a ledger-balancing line in the intercompany Payables account and rerun the report
B) Run additional reports using a number of varied currency conversion rates
C) Run the report using an additional common currency conversion rate
D) Add a ledger-balancing line in the intercompany Receivables account and rerun the report

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

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

4. Which is an INCORRECT Function for Fusion intercompany?

A) You do NOT have the functionality to define rules for specific Journal and category combinations for intercompany transaction types.
B) Intercompany enables you to have a more granular set of rules.
C) You can use a simple setup in which you define one rule for your chart of accounts.
D) The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the same chart of accounts.

5. Identify three characters that can NOT be used with the FRExecute command.

A) &
B) =
C) (
D) >
E) ;

Solutions: