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

• A.General Ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
• B.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.
• C.Integrating with third-party systems is easier because the Essbase cube provides chart of Accounts mapping rules.
• D.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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On which three occasions are Essbase balances updated? (Choose three.)

• A.every time journals are posted to the general ledger
• B.at report run-time
• C.every time you open a new period
• D.every time you run the batch program called "Update Essbase Balances"
• E.every time the tree version is published

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You have enabled budgetary control and have a control budget set to Advisory control level. ForSeptember
2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A.As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016
• B.The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation
• C.Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D.No change
• E.Purchase order encumbrance will be released for $2,100 USD

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What are the Two purposes of a secondary ledger?

• A.it is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting.
• B.it should only be used to maintain balances for processing performance.
• C.it should not be used when trying to meet local accounting requirements.
• D.it is used to main balances in a different currency only
• E.it can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency and/or journal processing options

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You create a prepayment for USD 100 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and revalidate it. What happens to the available funds when you apply a prepayment that requires budgetary control?

• A.The prepayment application releases funds of 200 USD and the invoice consumes funds of 100 USD, with a net decrease to available funds of 200 USD.
• B.The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.
• C.The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.
• D.Available funds will not change till invoice is approved.
• E.The budget will be released only for the USD 300 invoice amount.
• F.The prepayment application releases funds of 100 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.

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