Question 1

On which three occasions are Essbase balances updated? (Choose three.)

Options :

A : every time the tree version is published

B : every time you run the batch program called “Update Essbase Balances”

C : every time you open a new period

D : every time journals are posted to the general ledger

E : at report run-time

Answer: B,C,D

Question 2

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

Options :

A : Account Monitor

B : Financial Reports with Embedded charts

C : Smart View

D : Account Inspector and its charts

Answer: A

Question 3

Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

Options :

A : Supervisory level approval

B : Cost center based approval

C : Dynamic Approval Groups

D : Management Chain approval

E : Approval Groups

Answer: A

Question 4

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

Options :

A : You must re-deploy the chart of accounts

B : A Data Access Set with full read/write access to the ledger is automatically created

C : You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration

D : You must assign the job role and data security context to each user

Answer: B,D

Question 5

You have set up a supporting reference with balances to capture revenue by account manager.Which option should you use to view the supporting reference balances?

Options :

A : an Account Group

B : an OTBI analysis

C : a SmartView analysis

D : General Ledger inquiries and reports

Answer: B