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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. On whichthree occasions are Essbase balances updated?

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

2. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?

A) Journal Batch
B) Journal Source
C) Journal Category
D) Journal Description

3. Which three objectives must be considered when designing the chart of accounts?

A) Anticipate growth and maintenance needs as organizational changes occur.
B) Effectively manage an organization's financial business.
C) Limit the number of segments to those you need today to reduce data entry.
D) Consider implementing a single, global chart of accounts
E) Try to use all 30 segments and 25 characters per segment because you cannot change It later.

4. What Is Oracle Essbase?

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

5. 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.

Solutions: