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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

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

2. After loading your budget data into Fusion Genera. Ledger, you can view budget balances using these feature.
Which feature does not belong on the list?

A) Application Development Framework Desktop Integration(ADFdi)
B) Account Monitor
C) Smart View
D) Account Inspector

3. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A) Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
B) Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
C) Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
D) There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.

4. 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 two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.
C) Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.
D) Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

5. On whichthree occasions are Essbase balances updated?

A) Every time journals are posted to the general ledger
B) Every time you run the batch program called "Update Essbase Balances"
C) At report run-time
D) Every time the tree version is published
E) Every time you open a new period

Solutions: