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NEW QUESTION 14
What are the two purposes of a secondary ledger? (Choose two.)
- A. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
- B. It should only be used to main balances for processing performance
- C. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
- D. It should not be used when trying to meet local accounting requirements
- E. It is used to main balances in a different currency only
Answer: A,C
NEW QUESTION 15
Your company has a legal entity in the UK, US, and Canad A.
They can all share the same chart of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why?
- A. One, because they can all share the same chart of accounts
- B. Two, because the US and Canada can share the same ledger because they are in North America
- C. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
- D. Three, because each requires a different currency
Answer: A
NEW QUESTION 16
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?
- A. Enter another adjusting journal entry in the target currency to true up the balances
- B. Rerun Revaluation and then rerun Translation
- C. Rerun Translation and then reconsolidate your results
- D. Translate only the adjusting journal entry
Answer: C
NEW QUESTION 17
You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)
- A. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
- B. Schedule your AutoPost Criteria set to run during off-peak hours only
- C. Include all of your subledger sources in the AutoPost CriteriA. Divide up criteria sets by subledger source only if you need to schedule different posting times
- D. Create your AutoPost criteria using minimal sources and categories
Answer: A,C
NEW QUESTION 18
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 Balances Real Time
- B. General Ledger - Journals Real Time
- C. General Ledger - Summary Journals Real Time
- D. General Ledger - Journal Transaction Balances Real Time
Answer: B
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376
NEW QUESTION 19
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)
- A. You must have implemented Payables Cloud and Receivables Cloud
- B. You must assign the corresponding Receivables and Payables Business Units
- C. You only need to assign the Legal Entity and Organization Contact
- D. You can only associate one Intercompany Organization per Legal Entity
Answer: A,B
NEW QUESTION 20
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?
- A. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)
- B. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
- C. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
- D. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
Answer: D
NEW QUESTION 21
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)
- A. OTBI allows you to create custom reports from real-time transactional data against the database directly
- B. Cloud customers can use both OTBI and OBIA
- C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
- D. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications
- E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
Answer: A,C,D
NEW QUESTION 22
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?
- A. Close Intercompany periods in Fusion Intercompany
- B. Close the General Ledger period in the Manager Accounting Periods page
- C. Close all subledger periods
- D. Freeze the Intercompany journal source in General Ledger
Answer: A
NEW QUESTION 23
When creating your financial statements, you would like to have a chart, such as a bar graph, included in the report output.
Which two reporting tools allow you to achieve this? (Choose two.)
- A. Account Inspector
- B. Smart View
- C. Financial Statement Generator
- D. Financial Reporting Studio
Answer: B,D
NEW QUESTION 24
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true?
- A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
- B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
- C. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward
- D. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
- E. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.
Answer: A
NEW QUESTION 25
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?
- A. When designing your financial statement using Financial Report (FR), embed a chart into your report
- B. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph
- C. Use Account Inspector that automatically creates graphs on financial balances
- D. Use Smart View, which is an Excel Add-on
Answer: A
NEW QUESTION 26
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
D18912E1457D5D1DDCBD40AB3BF70D5D
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. Enable spend authorization
- C. Create a Payment Process Profile
- D. Rebuild the GL Balances Cube
- E. Rebuild the Budgetary Control Cube
Answer: A,B,E
NEW QUESTION 27
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports that you want to share with executives and auditors that are nicely formatted.
Identify the two Oracle recommended ways to accomplish this. (Choose two.)
- A. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
- B. Use OTBI to create multiple reports that you save to a folder that only the users can access
- C. Use a report batch to run reports at a specific time to create a set of snapshot reports
- D. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
- E. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
Answer: C,E
NEW QUESTION 28
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Specify Run Time Prompts (RTP)
- B. Never use the Outer Point of View (POV)
- C. Always use the Outer Point of View (POV)
- D. Only specify segment values in formulas
Answer: C
Explanation:
A Point of View is used to define dimension values that remain fixed throughout the entire allocation rule. For example, assume a chart of accounts includes a segment for future use. The Point of View fixes the value to be the default value so that the dimension value does not have to be selected while defining the source, basis, target, offset, or allocation range
NEW QUESTION 29
You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)
- A. Point of View (POV)
- B. Formulas
- C. Run Time Prompts (RTP)
- D. RuleSets
Answer: B,C,D
NEW QUESTION 30
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
- A. Each product has its own Intercompany Accounting feature that needs to be set up separately
- B. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub
- C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
- D. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
Answer: C,D
NEW QUESTION 31
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? (Choose two.)
- A. Define Journal Conversion Rules that exclude subledgers
- B. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
- C. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
- D. Assign a Subledger Accounting Method to the secondary ledger
- E. Define Supporting References with balances
Answer: C,D
NEW QUESTION 32
You want to enter budget data in General Ledger Cloud. Which method is not supported?
- A. Entering budget journals
- B. File-based Data Import
- C. Application Development Framework Desktop Integration (ADFdi)
- D. Direct budget balance updates from a Financial Statement in Smart View
Answer: A
NEW QUESTION 33
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?
- A. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
- B. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
- C. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.
- D. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
Answer: A
NEW QUESTION 34
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
-
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)
- A. The rules validate and apply to new accounts only
D18912E1457D5D1DDCBD40AB3BF70D5D - B. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
- C. The rules will validate and apply to new and existing accounts
- D. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
- E. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance
Answer: C,D
NEW QUESTION 35
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)
- A. All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules.
- B. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types.
- C. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ys
- D. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
Answer: A,B
NEW QUESTION 36
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