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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.

A) Capture accounting events.
B) Analyze external system transactions.
C) Create the accounting in the source system and then import the journal entries into subledger accounting.
D) Determine the accounting impact of transactions.

2. What process must be followed to propagate a chart of accounts hierarchy to the Essbase cube?

A) Define the hierarchy, make sure the tree version is active, and then run the publish account Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
B) Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the hierarchy.
C) Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be generated automatically.
D) Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for

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

4. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B) Posting performance is much faster.
C) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D) 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.
E) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

5. Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use In addition to using the intercompany Reconciliation report?

A) Receivables Aging by General Ledger Account report
B) General I edger Trial Balance report
C) Receivables to General Ledger Reconciliation report
D) AR Aging report

Solutions: