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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You want to process multiple allocations at the same time. What feature do you use?

A) Point of View (POV)
B) General Ledger Journal entries
C) RuleSets
D) Formulas

2. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?

A) Translate only the adjusting journal entry.
B) Rerun Translation and then reconsolidate your result
C) Enter another adjusting journal entry in the currency to true up the balances.
D) Rerun Revaluation and then rerun Translation

3. 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) 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.
C) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
D) Posting performance is much faster.
E) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

4. What Is Oracle Essbase?

A) A relational database
B) A data ware house
C) A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
D) A robust reporting and analysis tool

5. Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?

A) Data Access Sets
B) Cross-Validation Rules
C) Role-Based Access
D) Segment Value Security

Solutions:

Question # 1 Answer: D

Question # 2 Answer: A

Question # 3 Answer: B,D

Question # 4 Answer: A

Question # 5 Answer: D