Infosys Certified Oracle Fusion Accounting Hub Cloud Consultant
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Join Premium10 Infosys Certified Oracle Fusion Accounting Hub Cloud Consultant practice questions with answers
Real Lex exam-pattern multiple-choice questions for the Infosys Certified Oracle Fusion Accounting Hub Cloud Consultant certification. Each question includes the correct answer. The full question bank is available to Premium members.
- Question 1
Which of the following statement is wrong about FAH?
- ✓ After configuration and integration, Financial data of legacy system has a possiblity of slight differences with FAH Correct
- B Consolidation of Financial data can be achieved irrespective of applications
- C Accounting Rules need to be configured based on the business requirements
- D Flexibility to support Multiple GAAP representations
- Question 2
Which is the correct order of integration of Accounting data in FAH?
- ✓ Transfer & Post the data, Audit & Analyze , Configure accounting Rules and capture accounting events Correct
- B Configure accounting Rules,capture accounting events, Transfer & Post the data and Audit & Analyze
- C Capture accounting events, Configure accounting Rules, Transfer & Post the data and Audit & Analyze
- D Audit & Analyze, Capture accounting events, Configure accounting Rules and Transfer & Post the data
- Question 3
Which of the following is WRONG statement from the point of FAH as Accounting platform ?
- ✓ Configure accounting rules to process business transactions Correct
- B Identify and Capture third party transactions into custom tables called Transaction Objects
- C Create accounting entries, Transfer and Post these entries to Fusion GL
- D Provides embedded balances cube functionality with multidimensional, online analytical processing (OLAP) of financial information.
- Question 4
Which of the following is the WRONG statement about FAH?
- ✓ Integrate data from multiple sources Correct
- B Global solution with local flavour can not be achieved
- C Automate Payroll Accounting
- D Automate Travel and Expense transactions
- Question 5
For which of the below purpose Reference Data sharing is defined ?
- ✓ Maintenance of financial records Correct
- B To meet the regulatory requirements
- C Ensure Access Security
- D To identify legal reporting units
- Question 6
What are the data integration templates available in FAH?
- ✓ Journal Import Correct
- B Payments
- C Sales Orders
- D Intercompany Transactions
- Question 7
Which of the following statements is TRUE with respect to Create Accounting Program?
- ✓ Create Accounting Program creates balanced journal entries in draft or final mode Correct
- B Create Accounting Program is run before running Create Events Program
- C Create Accounting Program can be run for multiple Process Categories at the same time
- D Create Accounting Program can not be used to post journals in the ledger
- Question 8
Which of the following statement is INCORRECT in the context of Intercompany Organization
- ✓ Intercompany organization is assigned to a Legal Entity Correct
- B A business unit can have more than one intercompany organization
- C Intercompany organization can act either as a provider or a receiver in an intercompany transaction
- D None
- Question 9
Which one of the following is the BEST PRACTICE to be kept in mind while creating COA structure ?
- ✓ Avoid to have additional segments in your COA as it looks too lengthy Correct
- B Assign multiple meanings to a segment to provide much data for business users
- C Create a global COA structure and structure instance to use its different Values for Values sets
- D Share segment values to all business parameter
- Question 10
Which is the CORRECT statement about sequencing options?
- ✓ Accounting Sequences assigns gap-less unique numbers and triggers when the entries are entered in GL Correct
- B Accounting Sequences assigns gap-less unique numbers and triggers when the entries are posted in GL.
- C Reporting Sequences assigns gap-less unique numbers and triggers when the entries are posted in GL.
- D Reporting Sequences assigns gap-less unique numbers and triggers when the period opens in GL.
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