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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Changing a Fusion Intercompany system option would______________.

A) take effect only on new transactions going forward
B) take effect on new, existing, and transactions in progress
C) be effective on transactions in progress
D) will be retroactive and include historical transactions
E) impact both new and transactions in progress

2. Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and share data.

A) Microsoft PowerPoint
B) Microsoft Word
C) Microsoft Excel
D) Microsoft Access
E) Microsoft Notes

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

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

4. A client is implementing Fusion Accounting Hub for their external receivable system. The external system sends invoices billed and cash receipts in a flat file along with the customer classification Information. The client wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a Chart of Accounts segment. How can this be solved?

A) Change the Chart of Accounts structure to include customer classification; there is no other option.
B) Capture it as a source and develop custom report.
C) Use the Third Party control account feature.
D) Use Open account balances listing.
E) Use supporting references to capture customer classification.

5. You are required to enter the daily rates for currency conversion from British pound (GBP) to United States dollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A) Financial Reporting Studio
B) SmartView
C) Web ADI
D) Application Development Framework Integration

Solutions: