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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?

A) Secondary Valuation method
B) Journal Line Types
C) Account Derivation Rules
D) Adjustments in the General Ledger

2. Yon have entered a journal and your supervisor is asking for the current account balance and what the future account balance will be after the journal is approved and posted. How will you get this information?

A) Run the Journals- (132 Char) Report.
B) View the Account Inquiry window
C) View the Projected Balances Region on the Create Journal page
D) Run Trial Balance.

3. The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."
What would this do?

A) copies the accounting dale from a previous journal
B) copies from a previous journal line
C) copies the description from the debitline to the credit line
D) copies the accounted amount from a previous journal
E) builds account for a journal line using segments from the offsetting entry of the current journal line

4. Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A) Chart of Accounts Master Data maintenance
B) the maintenance of Trading Community Data
C) data modeling
D) data access and security
E) Chart of Accounts Hierarchy maintenance

5. Which attribute does NOT need to be considered when creating intercompany transaction?

A) Legal Entity
B) Default Organization contact
C) Default Transaction Type
D) Receivables and Payables Business Units

Solutions: