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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. What's the difference between subject areas that append the word "Real Time" and those that do not?

A) There is no difference.
B) The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.
C) The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.
D) The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.

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 the tree version was published successfully.
C) Make sure the tree is active.
D) Make sure to flatten the rows of the tree version.

3. 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.

4. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) An Audit process needs to be successfully performed before a tree version can be set to Active.
B) Chart of accounts was not deployed.
C) Two tree versions were not defined
D) Accounting Configuration was not submitted-

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 you open a new period
D) At report run-time
E) Every time journals are posted to the general ledger

Solutions: