When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).
A. Financial Reporting Studio
B. Smart View
C. Oracle Financial Statement Generator
D. Financial Reporting Center
You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?
A. Calendar
B. Fiscal
C. Year
D. Period
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that? (Choose two.)
A. The Account Rule's conditions are not defined
B. The Account Rule's chart of accounts has no account values assigned
C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set
Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product
B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects
C. Each product has its own Intercompany Accounting feature that needs to be configured separately
D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization. After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.)
A. Enable Payment Request Subtypes
B. Rebuild the GL Balances Cube
C. Create a Payment Process Profile
D. Rebuild the Budgetary Control Cube
E. Enable spend authorization
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger.
Which two actions should you now perform to prevent duplicate accounting entries? (Choose two.)
A. Go to Manage Subledger Accounting Options, locate your created secondary ledger and disable the subledger accounting enabled for each component.
B. Define Supporting References with balances
C. Define Journal Conversion Rules that exclude subledgers
D. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
E. Define Journal Conversion Rules that include subledgers to transfer subledger transactions
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?
A. The purchase order is Open and the invoice is Validated
B. Both are reserved
C. Both are Partially Reserved
D. The purchase order is Partially Liquidated and the invoice is Partially Reserved
E. The purchase order is Liquidated and the invoice is Partially Reserved
F. The purchase order is Partially Liquidated and the invoice will be Reserved
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?
A. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing segment, second, and third balancing segments, respectively
B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
C. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions
D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product segment
A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal reports under local GAAP, is about to configure their General Ledger.
Given the following:
Subledgers transferring to general ledger must use the local currency.
There is a requirement to report to the parent company (not local currency) using International Financial
Reporting Standards (IFRS).
Which two ledger types should be configured to address this reporting requirement? (Choose two.)
A. a primary ledger with the local accounting convention
B. a reporting currency with the IFRS accounting convention
C. a primary ledger with the IFRS accounting convention
D. a secondary ledger with the IFRS accounting convention
E. a reporting currency with the local accounting convention
You want to define an allocation rule where segment values are constants for rules and formulas.
What should you do?
A. Use the Point of View (POV) tab of the Allocation Wizard
B. Only specify segment values in formulas
C. Never use the Outer Point of View (POV)
D. Specify Run Time Prompts (RTP)
The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry?
A. Journal Balances Rule
B. Journal Entry Rule Set
C. Journal Line Rule
D. Journal Accounting Rule
E. Account Rule
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle's recommended method to define this chart of accounts?
A. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment.
B. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
C. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
D. Define two different charts of accounts
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. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
C. No data is transferred
D. The unmapped segments default to future use segments in Hyperion Financial Management
You entered a journal and the client is asking for the following information: The current account balance The future account balance if the journal is approved and posted
How will you get this information?
A. Run a Trial Balance before and after posting
B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
C. View the Projected Balances region in the Create Journals page
D. Query the account balance online
You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts.
You are not able to assign an Account Type. What is the reason for this?
A. You have not set the Allow Budgeting attribute for the value set
B. The Account Type qualifier has not been enabled when defining the value set
C. You are creating values before assigning the value set to the structure
D. You have not set the Allow Posting attribute for the value set