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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. 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

2. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?

A) Aging Reports
B) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C) Journals Reports
D) Account Analysis Reports

3. You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

A) Data Roles
B) Access Policy Manager's Role Generation
C) You cannot reassign contingent workers.
D) Role Mappings
E) Oracle Identity Manager Roles Assignment

4. You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?

A) Open a Smart View file saved on your desktop.
B) Create an Account Group using Account Monitor.
C) Use Account Inspector.
D) Perform an account analysis online.

5. Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?

A) Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.
B) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.
C) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
D) Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.

Solutions: