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NEW QUESTION 61
What are the two purposes of a secondary ledger? (Choose two.)
- A. It should only be used to main balances for processing performance
- B. It is used to main balances in a different currency only
- C. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
- D. It should not be used when trying to meet local accounting requirements
- E. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
Answer: C,E
NEW QUESTION 62
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times. Which journal attribute should you use to set the automatic posting criteria?
- A. Journal Category
- B. Journal Source
- C. Journal Description
- D. Journal Batch
Answer: B
NEW QUESTION 63
Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
- A. Journal Entry Rule Set
- B. Journal Entry
- C. Event Type
- D. Journal Line Rule
- E. Event Class
Answer: D
NEW QUESTION 64
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?
- A. Approval Groups
- B. Supervisory level approval
- C. Dynamic Approval Groups
- D. Cost center based approval
- E. Management Chain approval
Answer: B
NEW QUESTION 65
Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?
- A. Financial Reporting Center
- B. Oracle Transactional Business Intelligence (OTBI)
- C. Smart View
- D. Oracle Data Visualization Cloud Service
- E. Business Intelligence Publisher (BI Publisher)
Answer: E
NEW QUESTION 66
During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.
Select the process that allows you to change the qualifier back to cost center qualifier.
- A. Create a new chart of accounts.
- B. Change and save the segment qualifier.
- C. Delete the segment and create a new segment with the correct qualifier.
- D. Delete the chart of accounts and create a new one.
Answer: D
NEW QUESTION 67
Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
- A. Data is summarized across segments that are not mapped to Hyperion Financial Management
- B. No data is transferred
- C. The unmapped segments default to future use segments in Hyperion Financial Management
- D. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
Answer: D
NEW QUESTION 68
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
- A. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
- B. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
- C. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
- D. This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
- E. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
Answer: C,E
Explanation:
Reference:
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NEW QUESTION 69
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)
- A. whether to allow receivers to reject intercompany transactions
- B. automatic or manual batch numbering and the maximum transaction amount
- C. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
- D. the approvers who will approve intercompany transactions
- E. automatic or manual batch numbering and the minimum transaction amount
Answer: A,C,E
NEW QUESTION 70
What is the most efficient way to add a new year to the accounting calendar?
- A. The application automatically populates the next year when you open the first period of a new fiscal year
- B. Import the periods from a spreadsheet
- C. Use the Add Year button
- D. Add the periods manually
Answer: C
NEW QUESTION 71
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?
- A. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- B. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- C. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.
- D. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.
Answer: D
NEW QUESTION 72
You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed.
How will you achieve this?
- A. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes
- B. Opt in to the Prevent Period Close option for the offering
- C. Nothing, this option is enabled automatically
- D. Set the relevant option on the Specify Ledger Options page
Answer: B
Explanation:
Reference:
html#FAUGL691839
NEW QUESTION 73
Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?
- A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances
- B. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
- C. In Financials Cloud, you must manually reconcile your intercompany account balances
- D. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
- E. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
Answer: B
Explanation:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DAAC7706212CF48E040D30A6881766A
NEW QUESTION 74
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle's recommended approach to performing consolidations?
- A. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.
- B. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then creates a ledger set across all ledgers and report on the ledger set.
- C. Use Oracle Hyperion Financial Management for this type of complex consolidation.
- D. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program
Answer: D
NEW QUESTION 75
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?
- A. Run Revaluation to translate into Statistical Currency
- B. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
- C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency's balances
- D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
Answer: D
NEW QUESTION 76
You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
- A. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
- B. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
- C. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other".
- D. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
Answer: C,D
NEW QUESTION 77
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?
- A. General Ledger - Journal Transaction Balances Real Time
- B. General Ledger - Journal Balances Real Time
- C. General Ledger - Summary Journals Real Time
- D. General Ledger - Journals Real Time
Answer: D
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376
NEW QUESTION 78
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)
- A. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
- B. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
- C. Define budgetary control at ledger level and only encumbrance control at the business units
- D. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
- E. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
- F. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
Answer: A,E
NEW QUESTION 79
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- B. revaluations and translation to revalue and translate currencies stored in the Essbase cube
- C. journal entries and journal approval to create journals that update balances to the cube directly
- D. calculation manager to perform allocations based on multidimensional balances and budgets
Answer: B
NEW QUESTION 80
You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?
- A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period
- B. Run Closing Status reports
- C. Use Close Monitor in General Accounting Dashboard
- D. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
Answer: B
NEW QUESTION 81
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)
- A. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types.
- B. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ys
- C. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
- D. All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules.
Answer: A,D
NEW QUESTION 82
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?
- A. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
- B. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.
- C. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
- D. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
Answer: A
NEW QUESTION 83
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