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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. A company has the second and third balancing segment enabled for its chart of accounts, and the journal is balanced by the primary balancing segment but is out of balance by the second and third balancing segment. This is an example of ____________.

A) Chart Account Balancing Rule
B) Chart of Account Rule
C) Balancing Segment Rule
D) Segment qualifier

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

A) 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
B) 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

3. Which three objectives must be considered when designing the chart of accounts?

A) Anticipate growth and maintenance needs because organizational changes occur
B) Effectively manage an organization's financial business.
C) Support the audit and control of financial transactions.
D) Select the segment qualifiers.
E) Provide less flexibility for management reporting and analysis.

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

5. Which three actions can you perform on subledger journal entities?

A) Complete
B) Finish
C) Duplicate
D) Close
E) Incomplete
F) Reverse

Solutions: