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Exam : Oracle 1Z0-211
Title : Oracle 11i General Ledger Fundamentals


1. Select the two minimum set up steps for intercompany accounting. (Choose two.)
A. Define a clearing company for all many-to-many intercompany journals.
B. Include an Intercompany segment in the chart of accounts structure.
C. Enable the Intercompany Qualifier for the Intercompany segment.
D. Enable Balance Intercompany Journal when defining the set of books.
E. Set up intercompany accounts for every journal source and journal category for intercompany transactions.
F. Set up intercompany accounts for journal source and journal category of Other.
G. Define a value set for the Company and Intercompany segments.
H. Define a journal source and a journal category for Intercompany.
Answer: DF

2. In creating a report, what is true about the column set? (Choose two.)
A. Formats can be set for each column.
B. Accounts cannot be assigned to a column set.
C. Calculations can be performed using columns.
D. Seeded column sets provided by Oracle must be used.
Answer: AC

3. Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)
A. Recreate the Profit and Loss under her own responsibility.
B. Ask to have security removed from her responsibility.
C. Perform an on-line inquiry to get the revenue balances.
D. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.
Answer: BD

4. Which two statements would be true when helping a customer make implementation decisions for General Ledger? (Choose two)
A. Integration issues can be minimized.
B. Cost of upgrades would not be affected.
C. Patching cannot be done on a customized implementation.
D. Training can be standardized when Oracle is implemented without customization.
E. All Oracle subledger journals go directly to General Ledger to overcome interface problems.
Answer: AD

5. Select the three true statements about mapping rules. (Choose three.)
A. A rollup rule tells General Ledger what detail level of information to transfer and how to roll that information up to the parent.
B. There are only three rollup rules: 1. Transfer Level Detail - Using Detail Ranges; 2. Transfer Level Detail - Using Parent; 3. Transfer Level Summary - Using Parent
C. You can define a combination of segment values and account rules.
D. There are only two mapping rule actions: 1. Copy Value from; 2. Assign Value from
E. Mapping sets enable you transfer data from multiple subsidiaries simultaneously.
Answer: ACE

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