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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

A) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
B) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
C) Posting performance is much faster.
D) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
E) 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.

2. Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?

A) Use the Freeze feature on the tables to scroll through large amounts of data.
B) Run a Business Intelligence Publisher report with Excel as the output format.
C) Export the table to Excel.
D) Detach the table to resize it to the maximum size of the monitor

3. You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

A) Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
B) Use the "Hire an Employee" user interfaceto inter each user manually.
C) Use the "Enter a Supplier" user interface to enter each user manually.
D) Use SQL to populate the HR interface tables and load employees in bulk.
E) Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import users into Fusion Applications.

4. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) Financial Reporting Center
B) Journals Work Area
C) Period Close Work Area
D) General Accounting Dashboard

5. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?

A) Average balances are stored for both subledger balances and general ledger balances.
B) Average balances are maintained for both actual and budget balances.
C) Average balances are stored in the Essbase cube.
D) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
E) When using ADB, you must define a daily calendar and assign it to your ADB ledger.

Solutions: