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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. When configuring the allocation and periodic entries, which three tasks must be completed before generating the entries?

A) The journal balances for the allocation or periodic rules are entered and posted in the proper period.
B) The period is set to Open or Future Enterable
C) The period is set to Closed, Never Open or Future Enterable.
D) The rules or rules sets have been defined, validated and deployed successfully from the Allocation Manager.
E) The period is set to Open, Never Open or Future Enterable.

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

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

3. Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A) spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or none
B) temporarily locking the values of certain cells while spreading data over time periods
C) spreading data in a summary time period that includes members and mixed currency types
D) spreading values among children and parents proportionally, based on existing distribution
E) spreading the value of a summary time period to its base time periods or to the first parent or first child of the parent time period

4. What is the best view or tool to use it you need to quickly perform an ad hoc ledger query that drill down to in a web view?

A) Account Monitoring
B) Account Inspector
C) Oracle Hyperion Financial Reporting Studio
D) Oracle Hyperion Smart View

5. When an external system sends an invoice to Fusion Accounts Payable, the life cycle of the transaction is invoice Created, Invoice Adjusted, Invoice Deleted or Invoice Canceled. This cycle can be modeled using______________.

A) Event Types
B) Event model
C) Journal Rules
D) Event Categories
E) Event entities

Solutions: