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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?

A) Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
B) Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
C) Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
D) Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
E) In Fusion Financials, you must manually reconcile your intercompany account balances.

2. What Is Oracle Essbase?

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

3. 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) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
C) Posting performance is much faster.
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) You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

4. Identify three functions of Functional Setup Manager.

A) Assign setup tasks to individuals with due dates where users must manually update their completion status.
B) Centrally manage the close processes across subledgers and ledgers.
C) Provide a central place to access and perform all of the setup steps across Fusion application product
D) Automatically mark the status of tasks as Completed after they have been completed.
E) Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

5. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?

A) Account Monitor
B) Online Transactional Business Intelligence
C) Smart View
D) Financial Reports published to Excel
E) Account Inspector

Solutions: