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Oracle Fusion Financials 11g General Ledger Essentials Sample Questions:

1. Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type. What is the solution?

A) Create an Account Rule with 31 rule elements using one condition for each expense type; and another for supplier type.
B) Create an Account Rule with two rule elements using one for expense type mapping and the other for condition of supplier type.
C) Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
D) Create two journal line rules with a condition of supplier type.

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

A) Intercompany receivables and intercompany lines generated by the intercompany balancing feature
B) Intercompany receivables and Intercompany payables lines generated for the provider and receiver of each intercompany transaction
C) 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
D) Clearing company balancing lines

3. In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance ____________.

A) By both legal and balancing segments values
B) By legal entity only
C) By primary balancing segment values only
D) By account values

4. Which statement about intercompany balancing is INCORRECT?

A) Segment values can be assigned only once within your chart of account.
B) Segment values can be assigned more than once within your chart of account.
C) The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.
D) Intercompany balancingisused to track intercompany duo to/due from balances by identifying the specific trading company.
E) Intercompany balancing is used to balance transactions by an additional dimension beyond the primary segment.

5. Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A) getting more detail on a balance by clicking the Show More button
B) moving the cursor over projected balances displays the impact a journal will have on accounts
C) running a trial balance report to reconcile books
D) setting notification thresholds in the Account Monitor view

Solutions: