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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?

A) Click the Withdraw Approval button in the Edit Journals page and edit the journal.
B) Reverse the journaland create a new one.
C) Update the journal through workflow
D) Delete the journal and create a new journal.

2. 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.

3. Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?

A) Open the Manage Users page and make sure the employees at
B) Open Access Policy Manager (APM) and assign the roles manually
C) Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
D) Open the Oracle Identity Management (OIM) and make sure the data roles were created.

4. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A) Entering budget Journals
B) File-based Data Import
C) Application Development Framework Desktop Integration (ADFdi)
D) Smart View

5. On whichthree occasions are Essbase balances updated?

A) Every time you run the batch program called "Update Essbase Balances"
B) Every time the tree version is published
C) Every time journals are posted to the general ledger
D) At report run-time
E) Every time you open a new period

Solutions: