What are the two benefits of having the Essbase cube em…

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?

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

B.
General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

C.
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.

D.
Posting performance is much faster.

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



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Bakr Elkassas

Bakr Elkassas

B,C The correct Answers
Bakr Reference:Conclusion:
Oracle Fusion General Ledger embeds Oracle Essbase technology to combine traditional general ledger functionality with dimension based reporting functionality. At the time users set up their ledger and complete the accounting configuration, the balances cube is created automatically. Later, if a user makes a change such as adding a cost center or modifying a date effective hierarchy, the General Ledger uses simple maintenance routines to easily update the dimensions. As transactions or journals are posted, the General Ledger automatically updates the multidimensional cube when the journal is posted.
Oracle Fusion General Ledger also pre aggregates balances at every possible summarization level across each dimension of the chart of accounts and accounting periods for multiple date effective hierarchies, which accelerates reporting and inquiry. Reports and analytics are refreshed immediately when an entry is made, without having to run a process or program, because the balances are precalculated and aggregated in real time. Multidimensional analysis is also instantaneous. Users can instantly view reports using different dimensions on the same data, and drill up, down, and through on any parent level.
End users are not distracted from the task at hand, reporting and process demand is reduced, and users can make smarter decisions in the context of the transaction.

Bibek

Bibek

Hi Bakr Elkassas….I am preparing for the GL certification and need some help. Can you please send your contact details to [email protected]. Thanks.

Balaji

Balaji

Correct Answers: C and D

Sandeep Kumar

Sandeep Kumar

B and C

Mosab Al-Najjar

Mosab Al-Najjar

B,C The correct Answers

Bipinsahoo

Bipinsahoo

I agree! B,C The correct Answers
B-General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

C–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.