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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. 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) Use supporting references to capture customer classification.
C) Use the Third Party control account feature.
D) Capture it as a source and develop custom report.
E) Use Open account balances listing.

2. Select the appropriate financial Reporting Center functionality that helps users to view, input, manipulate, distribute and share data from the General Ledger balances to Microsoft Excel.

A) Financial Reporting Studio
B) Account Monitor and Account Inspector
C) Financial Reporting Workspace
D) Smart View

3. Oracle Business Intelligence Enterprise Edition (OBIEE) allows buttons to create, manage, and invoke the task functionality within the application. What framework is used to set them up?

A) Application Development Framework (ADF)
B) Action Framework
C) Seed Data Framework (SDF)
D) Resource Description Framework (RDF)
E) Security Framework

4. When reconciling transactions, accounted amounts in a reconciliation report may be different due to differences in the currency conversion rates used. To mitigate the differences in the account balances you should ____________.

A) Run the report using an additional common currency conversion rate
B) Add a ledger-balancing line in the intercompany Receivables account and rerun the report
C) Run additional reports using a number of varied currency conversion rates
D) Add a ledger-balancing line in the intercompany Payables account and rerun the report

5. Choose four applications for which SmartView provides a common Microsoft Office interface.

A) Oracle Hyperion Planning, Fusion Edition
B) Oracle Essbase
C) Oracle Enterprise Performance Management Workspace, Fusion Edition
D) Oracle E-Business Suite Release 11g
E) Oracle Hyperion Financial Management, Fusion Edition
F) Oracle Business Intelligence Enterprise Edition

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