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. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
• D. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
• E. 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.

Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?

• A. Oracle Identity Management (OIM)
• B. Manage Users
• C. Financials not a stand-alone product
• D. Policy Manager (APM)
• E. Hire a New Ernployee

Your customer wants to use a clearing company to automatically balance Intercompany entries. Which three statements are true regarding the use of a clearing company value?

• A. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger.
• B. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal.
• C. You must map legal entities to balancing segment values in order to use a clearing company.
• D. Clearing companies are not supported.
• E. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity.

Your customer has enabled encumbrance accounting. You have a control budget with the advisory level set at control. For November 2015, your budget for a given combination is $5,000 USD. You have an approved requisition of $900 USD and you have an approved purchase order of $2,500 USD. An adjustment encumbrance journal is created in the General Ledger for the obligation type for $1,600 USD. You then cancelled the approved PO line of $400 USD. For November 201b, you created a new invoice by matching to the PO for $2,100 USD.
Which two statements are true?

• A. As you are matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved.
• B. Purchase order encumbrance will be released for $2100 USD.
• C. The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation.
• D. As there are cancellations for $400 USD, the system will partially reserve the funds in November 2015 and fully reserve it in December 2015.
• E. Encumbrance entries are created only for nonmatched Invoices, so the system will not create any encumbrance accounting entries.

You've set up the standard accrual with encumbrance accounting for your ledger and you realized that the encumbrance journals are defaulting with current date as the accounting date.
What is causing this?

• A. The subledger accounting option Is set to system date.
• B. The actual accounting date was set up under the encumbrance accounting Default Date Rule.
• C. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.
• D. The system date was set up under the encumbrance accounting Default Date Rule.
• E. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.