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Correct Answer: A

Process Category: restricts the events selected for accounting to a particular process category

The Create Accounting program selects events with event types falling into the event classes assigned to the process category.

Only process categories established by development teams as part of the seed data are included in the list of values.

Reference: Oracle Subledger Accounting Implementation Guide, Create Accounting Program

Correct Answer: ABD

Prior to generating the allocation and periodic entries, the following tasks must be completed:

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(A) The period is set to Open or Future Enterable. You post in open periods, but generation can take place in either an open or future enterable period.

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(B) The rules or rules sets have been defined, validated, and deployed successfully from the Allocation Manager.

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(D) The journal balances, that are inputs for the allocation or periodic rules, are entered and posted in the proper period.

Note on B:In Oracle Fusion General Ledger, use the Allocation Manager to create allocations and other formulaic journal templates for generating periodic journal entries automatically. Base formulas on multiple criteria. For example, use account balances or statistical amounts to allocate shared revenue or costs across multiple organizational units and ledgers. Define complex computations based on variables from different charts of accounts. Group journal formulas together and execute sequentially to update account balances in a step-by-step process.

Reference: Oracle Fusion Applications Financials Implementation Guide, Generating Allocations and Periodic Entries Manually: Worked Example

Correct Answer: A

Note:

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The Cost centre qualifier is used in FA for reporting purposes.

1) One of the four predefined qualifiers in the Accounting Flexfield is the Cost Center qualifier. This qualifier is used exclusively for reporting in Oracle Assets and in the Account Generator for Oracle Assets.

2) The Cost Center qualifier is designated for reporting purposes. Typically, a customer will use it to associate asset assignment at a department level, or some other organization level (ie qualifier) within the Accounting Flexfield structure.

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Natural Account: This qualifier when attached to a segment enables the five nature of accounts Asset, Liability, Expense,Revenue, Owner's Equity. It also assigns the option of Reconciliation account and Third Party Control.

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Define the natural account segment. A natural account segment contains values representing account types, such as cash, accounts receivable, product revenue and salary expense. Enter Yes or No to indicate whether the segment you are defining is your natural account segment. You define only one natural account segment in your account.

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Define the Cost Center segment. Cost centers indicate functional areas of your organization, such as Accounting, Facilities, Shipping, and so on. Enter Yes or No to indicate whether the segment you are defining is a Cost Center segment.

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You can change the Account Type segment qualifier by unfreezing all Accounting Flexfield structures that reference the natural account segment. Changing the account type only affects new accounts created with the reclassified natural account segment; it does not change the account type of existing accounts.

Correct Answer: D

Account Inspector allows financial analysts and accountants to quickly perform ad hoc ledger queries, multi-dimensional analysis, pivoting, and drill down--all within a web page. Because it works off the same multi-dimensional balances that stores pre-aggregated balances at all levels, slicing and dicing data is extremely fast. Any changes you make to your query criteria are instantaneously refreshed to ensure you are working with the most up-to-date information to make the most informed decisions.

Correct Answer: ACD

Oracle Business Intelligence Mobile, part of Oracle Business Intelligence Foundation Suite, provides the ability to deliver analyses, dashboards, alerts, and other BI content directly to mobile devices, enabling users to view and then take action on BI insights wherever they are.

Intelligence Mobile gives you the full spectrum of BI functionality on hoc query, OLAP analysis, dashboards and scorecards. You even have the ability to turn insight into action directly from your mobile reports and dashboards. Reference: Oracle Business Intelligence Mobile, Data Sheet