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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. You have created allocution and periodic journal entry definitions for several monthly entries. You are now ready to generate allocation entries. Which task must be completed before generating the allocation and periodic entries?

A) Set the period to Close or Open.
B) Enter and post the journal balances for Mass Allocation in the Close period.
C) Manually set the last day of the submission period as the Accounting Date and Calculation effective Date.
D) Define, validate and deploy the rules or rule sets successfully from Allocation Manager.

2. Transaction objects in Fusion Accounting Hub are associated to_____________.

A) Event Classes
B) Journal Line Types
C) Event Entities
D) Event Types

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

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

4. Event classes are transaction types used to group____________.

A) Process Categories
B) Journal Rule Sets
C) Event Entities
D) Event Types
E) Event Models

5. You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the process that you need to run to sync the cube in Essbase.

A) Automatically create or modify the cube in Essbase.
B) Run the import Chart of Account Segment Values.
C) Run the chart of Accounts - Account Hierarchy.
D) Run the Program - Optimizer.

Solutions: