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Oracle Fusion Financials: General Ledger 2014 Essentials Sample Questions:

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

A) Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
B) Posting performance is much faster.
C) General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
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.

2. How do you hide accounts with no balances showing #Missing in Smart view?

A) Choose the Suppress Zeros option under Data options.
B) Use Excel functions to hide rows with #Missing assigned
C) Select the Data/Missing check box in the Data Options tab.
D) This indicates a database connection issue. Try to reconnect to Fusion Applications.

3. Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A) Financial Reporting Center
B) Journals Work Area
C) Period Close Work Area
D) General Accounting Dashboard

4. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?

A) Chart of accounts was not deployed.
B) Two tree versions were not defined
C) Accounting Configuration was not submitted-
D) An Audit process needs to be successfully performed before a tree version can be set to Active.

5. Which statement is true when creating an Implementation Project for Fusion Financials?

A) Plan your implementation project carefully because you cannot delete it or make changes later. E) The Implementation Project is preconfigured and cannot be deleted or changed.
B) Selecting the Offering "Financials," automatically allows you to perform the setup for all Fusion Financial products.
C) You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Fusion Financials.
D) You only need to make the project name unique, then you can perform the setup for any product family, such as Financials, Procurement, Human Capital Management and Supply Chain

Solutions: