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Oracle Financials Cloud: General Ledger 2021 Implementation Essentials Sample Questions:

1. What Is Oracle Essbase?

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

2. Which three reporting tools are based on real-time data or balances?

A) Business Intelligence Publisher (BI Publisher)
B) Smart view
C) Oracle Transactional Business Intelligence (OTBI)
D) Oracle Financial Reporting (FR)
E) Oracle Business Intelligence Applications (??IA)

3. You want to monitor the close process if all your financial subledgers and ledgers. How can you quickly obtain this information?

A) Use the Manage Accounting Periods page to view the status all subledgers and ledgers
B) Run Closing Status Reports
C) Access each subledgers' calendar and General Ledgers' Manage Accounting Periods page to view the status of each period
D) Use Close Monitor in General Accounting Dashboard

4. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A) Never use the Outer Point of View (POV)
B) Specify Run Time Prompts (RTP)
C) Always use the Outer Point of View (POV)
D) Only specify segment values in formulas

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

Solutions: