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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?

A) When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
B) Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
C) Additional intercompany rules will need to be defined for the two additional balancing segments.
D) Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.

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

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

3. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
B) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
C) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.

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

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

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

Solutions: