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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. What are NOT included in the intercompany reconciliation reports?

A) Clearing company balancing lines
B) Ledger balancing lines generated when the primary balancing segment value is in balance butneither the second balancing segment northird balancing segment is out of balance; clearing company balancing lines
C) Intercompany receivables and intercompany lines generated by the intercompany balancing feature
D) Intercompany receivables and Intercompany payables lines generated for the provider and receiver of each intercompany transaction

2. After submitting the journal for approval, you realize the department value in journal is incorrect.
How do you correct the value?

A) Click the Withdraw Approval button on the journal page and edit the journal.
B) Reverse the journal and create a new journal.
C) Update the journal through a workflow.
D) Delete the journal and create a new journal.

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

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

4. In Member Selection, which three operators and symbols enable you to display members based specified criteria?

A) Right parenthesis
B) Union operator
C) Double parentheses
D) AND operator
E) Left parenthesis

5. Which method will reverse accruals in the next accounting period?

A) Create one entry and use Accrual Reversal GL Date.
B) Create one event and use the Accounting Reversal attribute.
C) Create one event and use the GL functionality to perform the reversal.
D) Create two events, one for accrual and another for the reversal.

Solutions: