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1. Which report indicates if the accounting entries have been transferred to the Oracle Ledger when submitting the Create Accounting process?
A) Journals - (132 Char)
B) Trial Balance - Detail
C) Create Accounting Report
D) Create Accounting execution Report
2. The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart of accounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.
How many ledgers are needed?
A) Two
B) Four
C) three
D) One
3. Choose the four steps required to create and use the chart of accounts.
A) Publish Account Hierarchies.
B) Create Value Sets.
C) Create Chart of Accounts Structure Instance.
D) Create Chart of Accounts Structure.
E) Create Value Set Values.
F) Create Account Hierarchies.
4. A company has different methods of inventory valuation. What would be the best way of capturing this in the Fusion Accounting Hub?
A) Adjustments in the General Ledger
B) Account Derivation Rules
C) Journal Line Types
D) Secondary Valuation method
5. 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 of Account Rule
B) Chart Account Balancing Rule
C) Balancing Segment Rule
D) Segment qualifier
Solutions:
Question # 1 Answer: D | Question # 2 Answer: A | Question # 3 Answer: B,D,E,F | Question # 4 Answer: C | Question # 5 Answer: D |
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