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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

2. You want to specify Intercompany System Options.
Which three factors should you consider?

A) Whether to allow receivers to reject intercompany transactions
B) Automatic or manual batch numbering and the maximum transaction amount
C) The approvers who will approve intercompany transactions
D) Automatic or manual batch numbering and the minimum transaction amount
E) Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local currencies

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

4. 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) 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.
B) Users can drill down on snapshot reports for future analysis.
C) Using Workspace, assemble multiple reports into a book.
D) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
E) Snapshot reports can only be viewed online.

5. Which statement is true when creating an Implementation Project for Fusion Financials?

A) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain
B) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
C) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
D) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.

Solutions: