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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

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

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

2. With which two options can Mapping Sets validate input values?

A) Lookup Types
B) FlexFields
C) Value Sets
D) Accounting Segment

3. An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line. At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would you create?

A) Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment
B) Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting Hub
C) Threeevents: one for invoice creation and two for line creation
D) Twoevents: one for invoice creation and one for the adjustment

4. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?

A) One
B) Four
C) three
D) Two

5. Choose the two options that need to be enabled for Journal Approval.

A) Account
B) Batch level
C) Ledger level
D) Journal Source

Solutions: