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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the Essbase balances cube.
What should you do to correct this situation?

A) Make sure the tree version was published successfully.
B) Make sure the tree is active.
C) Make sure to flatten the rows of the tree version.
D) Redeploy the chart of accounts.

2. You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?

A) Run Time Prompts (RTP)
B) Formulas
C) RuleSets
D) Point of View (POV)

3. You lust submitted the Accounting Configuration. Which two statements are correct?

A) You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
B) Verify the data roles created and assign them to the General Ledger users.
C) A Data Access Set with full read/write access to the ledger is automatically created.
D) Open the ledger's period to begin entering transactions.

4. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

A) Run Closing Status reports.
B) Use Close Monitor in General Accounting Dashboard.
C) Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period.
D) Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.

5. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
B) Posting performance is much faster.
C) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
D) You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
E) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

Solutions: