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                     Oracle Financials Cloud: General 
Ledger 2020 Implementation 
1Z0-E1ss0en5tia4ls-20 
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Sample Question #1
When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are
not available in the Essbase balances cube. What should you do to correct this situation?
A. Make sure to flatten the rows of the tree version
B. Make sure the tree is active
C. Make sure the tree version was published successfully
D. Redeploy the chart of accounts
Answer: C
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Sample Question #2
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? 
(Choose
two.)
A. Accounting Calendar
B. Legal Entities, Business Units, and Chart of Accounts
C. Chart of Accounts
D. Chart of Accounts and Business Units
E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
Answer: A,C 
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Sample Question #3
You want to monitor the close process of all your financial subledgers and ledgers. How can you 
quickly
obtain this information?
A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
B. Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to 
view the
status of each period
C. Run Closing Status reports
D. Use Close Monitor in General Accounting Dashboard
Answer: C
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Sample Question #4
Which feature outside of reporting and analysis leverages the 
Essbase cube?
A. revaluations and translation to revalue and translate 
currencies stored in the Essbase cube
B. calculation manager to perform allocations based on 
multidimensional balances and budgets
C. period closing and opening of ledgers to keep General Ledger 
Cloud and the Essbase cubes in sync
D. journal entries and journal approval to create journals that 
update balances to the cube directly
Answer: A
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