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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A) You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
B) You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
C) All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
D) You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

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

3. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?

A) Snapshot reports can only be viewed online.
B) Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
C) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
D) Users can drill down on snapshot reports for future analysis.
E) Using Workspace, assemble multiple reports into a book.

4. You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?

A) You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
B) It is fine to have the same child value roll up to two or more different parent values.
C) You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
D) You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
E) The tree should have at least two tree versions to reduce report and allocation maintenance.

5. 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 is active, and the Publish check box is selected for the hierarchy.
C) 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
D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

Solutions: