GL – Essbase – Certification MCQs – Portal

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Question 1 of 4

1. Question
Which feature outside of reporting and analysis leverages the Essbase cube?
- Revaluations and translation to revalue and translate currencies stored in the Essbase cube
- Calculation manager to perform allocations based on multidimensional balances and budgets
- Period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- Journal entries and journal approval to create journals that update balances to the cube directly
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Question 2 of 4

2. Question
On which three occasions are Essbase balances updated? (Choose three.)
- Every time the tree version is published
- Every time you run the batch program called “Update Essbase Balances”
- Every time you open a new period
- Every time journals are posted to the general ledger
- At report run-time
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Question 3 of 4

3. Question
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)
- Posting performance is much faster
- Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
- General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
- 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
- You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
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Question 4 of 4

4. Question
What Is Oracle Essbase?
- A robust reporting and analysis tool
- A relational database
- A data ware house
- A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
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GL – Essbase – Certification MCQs

GL – Essbase – Certification MCQs

Mock Certification Exam Summary

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