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

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