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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

1. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?

A) The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
B) The Account Rule's conditions are not defined.
C) The Account Rule's chartof accounts have no account values assigned
D) The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set.

2. Your new accountants have been making mistakes in reconciling accounts assigned to them. Yourbalances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timelymanner?

A) Account Inspector and its charts
B) Account Monitor
C) Smart View
D) Financial Reports with Embedded charts

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

4. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

A) OBIA is based on the universal data warehouse design with different prebuilt adapters that canconnect to various source application
B) OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, andFusion Applications.
C) Cloud customers can use both OTBI and OBIA.
D) OTBI allows you to create custom reports from real-time transactional data against thedatabase directly
E) Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance

5. What Is Oracle Essbase?

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

Solutions: