Question 1

What are the two purposes of a secondary ledger? (Choose two.)

Options :

A : It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

B : It should not be used when trying to meet local accounting requirements

C : It is used to main balances in a different currency only

D : It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

E : It should only be used to main balances for processing performance

Answer: A,D

Question 2

Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

Options :

A : General Ledger - Journal Transaction Balances Real Time

B : General Ledger – Journal Balances Real Time

C : General Ledger – Summary Journals Real Time

D : General Ledger – Journals Real Time

Answer: D

Question 3

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

Options :

A : Posting performance is much faster

B : Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

C : General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

D : 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

E : You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

Answer: C,D

Question 4

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger. What should you associate with the ledger set to achieve this?

Options :

A : OTBI report

B : Financial Reporting Web Studio report

C : Account group

D : Trial Balance report

Answer: B

Question 5

You have exported data from your budgeting application into a .csv file.

What should you use to load that data into General Ledger?

Options :

A : The budget journal spreadsheet

B : Enterprise Resource Budget Integrator

C : File Based Data Import

D : Application Developer Framework Desktop Integrator

Answer: D

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