NEW QUESTION 1
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. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
• B. Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions
• C. Define Journal Conversion Rules that exclude subledgers
• D. Assign a Subledger Accounting Method to the secondary ledger
• E. Define Supporting References with balances

Answer: BD

NEW QUESTION 2
You entered a journal and the client is asking for the following information:
The current account balance
What the future account balance will be if the journal is approved and posted
How will you get this information?

• A. Query the account balance online
• B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
• C. View the Projected Balances region in the Create Journals page
• D. Run a Trial Balance before and after posting

Answer: C

NEW QUESTION 3
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)

• A. The control budget structure has all the chart of account segments as budget segments
• B. Control budgets are always absolute to generate encumbrance accounting
• C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
• D. A control budget can allow override rules only if the control level is absolute
• E. A control budget can be associated with a different calendar than accounting calendar

Answer: BDE

NEW QUESTION 4
Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer? (Choose two.)

• A. Additional intercompany rules will need to be defined for the two additional balancing segments
• B. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
• C. Define Ledger balancing options to balance by second and third balancing segments
• D. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal

Answer: AD

NEW QUESTION 5
You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

• A. You must re-deploy the chart of accounts
• B. A Data Access Set with full read/write access to the ledger is automatically created
• C. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
• D. You must assign the job role and data security context to each user

Answer: BD

NEW QUESTION 6
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

• A. Nothing has change
• B. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
• C. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
• D. CVRs only test new account combinations being inserted into the tabl
• E. They ignore any invalid account combinations already existing in the table
• F. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Answer: C

NEW QUESTION 7
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

NEW QUESTION 8
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. Supervisory level approval
• B. Cost center based approval
• C. Dynamic Approval Groups
• D. Management Chain approval
• E. Approval Groups

Answer: A

NEW QUESTION 9
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?

• A. Freeze the Intercompany journal source in General Ledger
• B. Close all subledger periods
• C. Close the General Ledger period in the Manager Accounting Periods page
• D. Close Intercompany periods in Fusion Intercompany

Answer: C

NEW QUESTION 10
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. Delete the segment and create a new segment with the correct qualifier.
• C. Change and save the segment qualifier.
• D. Delete the chart of accounts and create a new one.

Answer: D

NEW QUESTION 11
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

• A. the approvers who will approve intercompany transactions
• B. whether to allow receivers to reject intercompany transactions
• C. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
• D. automatic or manual batch numbering and the maximum transaction amount
• E. automatic or manual batch numbering and the minimum transaction amount

Answer: BCE

NEW QUESTION 12
After loading your budget data into General Ledger Cloud, you can view budget balances using these features. Which feature does not belong on the list?

• A. Application Development Framework Desktop Integration Budget Balances Report
• B. Account Monitor
• C. Smart View
• D. Account Inspector

Answer: A

NEW QUESTION 13
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 obligation $10,000 USD and expenditure $20,000 USD only 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 only the obligation of $10,000 USD will be carried forward

Answer: A

NEW QUESTION 14
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

• A. Sunburst reports
• B. Online Transactional Business Intelligence
• C. Account Inspector
• D. Account Monitor
• E. Smart View

Answer: CDE

NEW QUESTION 15
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. Translate only the adjusting journal entry
• B. Rerun Translation and then reconsolidate your results
• C. Rerun Revaluation and then rerun Translation
• D. Enter another adjusting journal entry in the target currency to true up the balances

Answer: B

NEW QUESTION 16
The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?

• A. Budget Controller
• B. Budget Group
• C. Account Group
• D. Budget Account Group
• E. Application Development Framework Desktop Integration (ADFdi)

Answer: D

NEW QUESTION 17
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle’s recommended approach to performing consolidations?

• A. Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiar
• B. Any eliminating entries can be entered in yet another separate balancing segment
• C. Use Oracle Hyperion Financial Management for this type of complex consolidation
• D. Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
• E. Define multiple ledgers for consolidation and report on ledger set

Answer: B

NEW QUESTION 18
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

• A. Cloud customers can use both OTBI and OBIA
• B. OTBI allows you to create custom reports from real-time transactional data against the database directly
• C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
• D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
• E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Answer: BCE

NEW QUESTION 19
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

NEW QUESTION 20
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: BCD

NEW QUESTION 21
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. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
• C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
• D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Answer: BD

NEW QUESTION 22
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