Get 20% off Quizlet Plus Claim discount

Study For Oracle Exam 2021 (Most Up to Date)

5.0 (1 review)

Practice questions for this set

Learn 1 /7 Study with Learn

Use Journal-Level or Subledger-Level Reporting Currencies denominated in

the more stable currency

Choose matching term

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?

Run Revaluation as often as you need to the more stable currency and report on the
more stable currency's balances
1
Run Revaluation to translate into Statistical Currency

Create a secondary ledger that uses a different chart of accounts that is

denominated in the more stable currency

Use Journal-Level or Subledger-Level Reporting Currencies denominated in the

more stable currency
 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?

Translate only the adjusting journal entry

2
Rerun Translation and then reconsolidate your results

Rerun Revaluation and then rerun Translation

Enter another adjusting journal entry in the target currency to true up the balances

You need to create a boardroom ready 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. What are the two
Oracle recommended ways to accomplish this? (Choose two.)

Use BI Publisher to configure the reports and then use bursting to email the reports
to the executives and Audit Committee

Using Workspace, assemble multiple reports into a book that can be printed and
3 viewed individually as an entire book

Create a Smartview report, where the various sheets represent the different
Financial Statements and send them the spreadsheet

Use a report batch to run reports at a specific time to create a set of snapshot
reports

Use OTBI to create multiple reports that you save to a folder that only the users can
access

You want to monitor the close process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

Use the Manage Accounting Periods page to view the status of all subledgers and
ledgers

4
Access each subledgers' calendar and General Ledger's Manage Accounting
Periods page to view the status of each period
 Run Closing Status reports

Use Close Monitor in General Accounting Dashboard

Don't know?

Terms in this set (105)

You need to create a Use a report batch to run reports at a specific time
month-end reporting to create a set of snapshot reports.
package for an upcoming
Audit Committee Using Workspace, assemble multiple reports into a
meeting, you have 10 book that can be printed and viewed individually
financial reports that you asan entire book
want to share with
executives and auditors
that are nicely formatted.
Identify the two Oracle
recommended ways to
accomplish this. (Choose
two.)

Use BI Publisher to
configure the reports and
then use bursting to
email the reports to the
executives and Audit
Committee

Use a report batch to run

reports at a specific time
to create a set of
snapshot reports

Using Workspace,
assemble multiple
reports into a book that
can be printed and
viewed individually as an
entire book

Create a Smartview
report, where the various
sheets represent the
different Financial
Statements and send
them the spreadsheet
Use OTBI to create
multiple reports that you
save to a folder that only
the users can access
You already ran Rerun Translation and then reconsolidate your
Translation, but a last- results
minute adjusting journal
entry in your ledger
currency was entered
after you consolidated
your results. What is
Oracle's recommended
practice when this
occurs?

Translate only the

adjusting journal entry

Rerun Translation and

then reconsolidate your
results

Rerun Revaluation and

then rerun Translation

Enter another adjusting

journal entry in the target
currency to true up the
balances
The budget managers Account Group
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?

Budget Controller

Budget Group

Account Group

Budget Account Group

Application
Development Framework
Desktop Integration
(ADFdi)
Your enterprise structure While defining control for business unit one,
has one ledger and two disable control for Purchasing, Payable Invoicing,
business units. Business and Receiving
unit one wants to enable
budgetary control for Define control for business unit two to disable
Requisitioning only on control for Requisitioning, Purchasing, and
Procure-to-Pay Business Receiving
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.)

While defining control for

business unit two, enable
control at Requisitioning
and define the
exceptions to only
include invoicing

While defining control for

business unit one, enable
control at purchasing and
define the exceptions to
only include
requisitioning

Define budgetary control

at ledger level with
Budgetary Control
Exceptions for each
business unit

While defining control for

business unit one, disable
control for Purchasing,
Payable Invoicing, and
Receiving

Define budgetary control

at ledger level and only
encumbrance control at
the business units

Define control for

business unit two to
disable control for
Requisitioning,
Purchasing, and
Receiving
You are defining You can create a rule for all sources and
intercompany balancing categories by selecting the source “Other” and
rules that are applied to a the category “Other”.
specific source and
category, such as Set up a chart of accounts rule for every chart of
payable and invoices, or accounts structure you have in order to ensure
a specific intercompany that Intercompany Balancing will always find a rule
transaction type, such as to use to generate balancing accounts.
Intercompany Sales.
Which two statements
are correct? (Choose
two.)

You can create a rule for

all sources and
categories by selecting
the source “Other” and
the category “Other”.

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.

You must define rules for

every combination of
specific categories and
sources. Otherwise, the
intercompany balancing
will not work

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.
You are setting up Close Accounting Calendar
Monitor, which
compromises a ledger Chart of Accounts
set hierarchy definition.
Which two components
of the enterprise
structure should the
ledgers in the ledger set
share? (Choose two.)

Accounting Calendar

Legal Entities, Business

Units, and Chart of
Accounts

Chart of Accounts

Chart of Accounts and

Business Units

Chart of Accounts,
Currency, Accounting
Calendar, and Subledger
Accounting Method
You want to monitor the AccountMonitor
close process of all your
financial subledgers and
ledgers. How can you
quickly obtain this
information?

Use the Manage

Accounting Periods page
to view the status of all
subledgers and ledgers

Access each subledgers’

calendar and General
Ledger’s Manage
Accounting Periods page
to view the status of each
period

Run Closing Status

reports

Use Close Monitor in

General Accounting
Dashboard
You entered a cross You need to run the Cross-Validation Rule
validation rule to prevent Violations process to allow rules to apply to
the balance sheet cost existing combinations that violate rules
center (000) being used
with Profit and Loss The rules will validate and apply to new and
Accounts (4000-ZZZZ). existing accounts
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.)

The rules validate and

apply to new accounts
onlyD18912E1457D5D1DD
CBD40AB3BF70D5D

You need to run the

Cross-Validation Rules
process to list and
optionally disable
combinations that violate
rules

You need to run the

Cross-Validation Rule
Violations process to
allow rules to apply to
existing combinations
that violate rules

There is no need to
create cross-validation
rules if Dynamic
Combination Creation
Allowed is not enabled
for your chart of
accounts instance

The rules will validate

and apply to new and
existing accounts
You are reconciling your Account Analysis Reports
subledger balances and
you need a report that
includes beginning and
ending account balances
and all transactions that
constitute the account's
activities. What type of
report will provide this
type of information?

Account Analysis Reports

Aging Reports

an Online Transactional
Business Intelligence
(OTBI) report to create
ad hoc queries on
transactions and
balances

Journals Reports
A subsidiary company, in A primary ledger with the IFRS accounting
a highly regulated convention
country, where there is a
legal requirement to A reporting currency with the local accounting
produce fiscal reports convention
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 primary ledger with the

local accounting
convention

a reporting currency with

the IFRS accounting
convention

a primary ledger with the

IFRS accounting
convention

a secondary ledger with

the IFRS accounting
convention
a reporting currency with
the local accounting
convention
What are the two benefits General ledger balances are multidimensional,
of having the Essbase allowing you to perform robust reporting and
cube embedded in analysis
General Ledger Cloud?
(Choose two.) You no longer need to create and maintain
hierarchies because the Essbase cubes are
Posting performance is created when you create your chart of accounts
much faster

Integrating with third-

party systems is easier
because the Essbase
cube provides chart of
accounts mapping rules

General ledger balances

are multidimensional,
allowing you to perform
robust reporting and
analysis

You can access real-time

results for reporting and
analysis because every
time a transaction is
posted in General
Ledger, multidimensional
balances are also
updated simultaneously

You no longer need to

create and maintain
hierarchies because the
Essbase cubes are
created when you create
your chart of accounts
Which AMX builder Supervisory level approval
method is most effective
in routing the journals to
the Accounting Manager
when his subordinate,
The General Accountant,
enters a journal?

Supervisory level
approval

Cost center based

approval

Dynamic Approval
Groups

Management Chain
approval

Approval Groups
You want to prevent Close Intercompany periods in Fusion
intercompany Intercompany
transactions from being
entered during the last
day of the close. What
should you do?

Freeze the Intercompany

journal source in General
Ledger

Close all subledger

periods

Close the General

Ledger period in the
Manager Accounting
Periods page

Close Intercompany
periods in Fusion
Intercompany
Your customer uses Within Financials Cloud, Intercompany Balancing
Financials Cloud, Rules are used to balance both cross-ledger
Projects, Inventory and intercompany transactions and single-ledger
Procurement. Which two Intercompany journals
statements are true
regarding intercompany Intercompany Balancing Rules are defined
accounting for these centrally and applied across Financials and
products? (Choose two.) Project Portfolio Management

Each product has its own

Intercompany
Accounting feature that
needs to be set up
separately

Within Financials Cloud,

Intercompany Balancing
Rules are used to
balance both cross-
ledger intercompany
transactions and single-
ledger Intercompany
journals

Intercompany Balancing
Rules are defined
centrally and applied
across Financials and
Project Portfolio
Management

They need to license a

separate stand-alone
Intercompany product
that acts as the
Intercompany
Accounting Hub
The Create Accounting Journal Entry Rule Set
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?

Journal Balances Rule

Journal Entry Rule Set

Journal Line Rule

Journal Accounting Rule

Account Rule
Budgetary control for If you have included 5020 and 5021 in the
accounts 5020 and 5021 encumbrance rule, then budget balances $90,000
has a budget of $90,000 USD, obligation $10,000 USD, and expenditure
USD each for the year $20,000 USD, and the funds available $50,000 USD
2012. The accounts also will be carried forward
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?

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

The Encumbrance Year

End Carry Forward
process will run for all
the accounts to carry
forward the general
ledger balances
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.

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.

If you have included

5020 and 5021 in the
encumbrance rule, then
only the obligation of
$10,000 USD will be
carried forward
Your company has Errors occur for unmapped segments. You must
complex consolidation map multiple segments from source general
requirements with ledgers to the target segment in Hyperion
multiple general ledger Financial Management
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?

Data is summarized
across segments that are
not mapped to Hyperion
Financial Management

The unmapped segments

default to future use
segments in Hyperion
Financial Management

No data is transferred

Errors occur for

unmapped segments.
You must map multiple
segments from source
general ledgers to the
target segment in
Hyperion Financial
Management
You want to Use the All option for category and accounting
automatically post period to reduce maintenance and ensure that all
journal batches imported imported journals are included in the posting
form subledger sources process
to prevent accidental
edits or deletions of the Include all of your subledger sources in the
subledger sources AutoPost Criteria. Divide up criteria sets by
journals, which could subledger source only if you need to schedule
cause an out-of-balance different posting times
situation between your
subledgers and general
ledger. Which two
aspects should you
consider when defining
your AutoPost Criteria?
(Choose two.)

Use the All option for

category and accounting
period to reduce
maintenance and ensure
that all imported journals
are included in the
posting process

Create your AutoPost

criteria using minimal
sources and categories

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

Schedule your AutoPost

Criteria set to run during
off-peak hours only
You want to enter budget Entering budget journals
data in General Ledger
Cloud. Which method is
not supported?

Entering budget journals

Application
Development Framework
Desktop Integration
(ADFdi)

Direct budget balance

updates from a Financial
Statement in Smart View

File-based Data Import

Most of the accounting Journal Line Rule
entries for transactions
form your source system
use
TRANSACTION_AMOUN
T 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?

Journal Entry Rule Set

Event Type

Journal Line Rule

Journal Entry

Event Class
Which three objectives Anticipate growth and maintenance needs as
must be considered organizational changes occur
when designing the chart
of accounts? (Choose Effectively manage an organization’s financial
three.) business

Anticipate growth and Consider implementing a single, global chart of

maintenance needs as accounts
organizational changes
occur

Effectively manage an
organization’s financial
business

Try to use all 30

segments and 25
characters per segment
because you cannot
change it later

Consider implementing a
single, global chart of
accounts

Limit the number of

segments to those you
need today to reduce
data entry
While creating a Journal The Account Rule is defined with a different chart
Entry Rule Set, you are of accounts form the Journal Entry Rule Set
not able to use an
Account Rule recently The Account Rule is using sources assigned to
created. Which two different event classes from that of the associated
options explain that? Journal Entry Rule Set
(Choose two.)

The Account Rule’s

conditions are not
defined

The Account Rule’s chart

of accounts has no
account values assigned

The Account Rule is

defined with a different
chart of accounts form
the Journal Entry Rule Set

The Account Rule is using

sources assigned to
different event classes
from that of the
associated Journal Entry
Rule Set
Your company has two You should assign the balancing segment value to
legal entities in the US the ledger in the US and assign a balancing
(Balancing Segment segment value to identify each legal entity in the
Values [BSV] 101 and 102), UK and France ledgers.
one legal entity in France
(BSV 401), and one legal
entity in the UK (BSV
402).Both US legal
entities share the same
ledger, whereas the UK
and France have their
own ledgers. Assuming
intercompany
transactions are not
being entered, what is
the minimal action you
can take and still
configure the ledgers
correctly?

You should assign a

balancing segment value
to identify each legal
entity in the US Ledger
and assign the balancing
segment values to the
ledger in the UK and
France.

You should assign a

balancing segment value
to identify each legal
entity in the US ledger.

You should assign a

balancing segment value
to identify each legal
entity in each ledger.
You should assign the
balancing segment value
to the ledger in the US
and assign a balancing
segment value to identify
each legal entity in the
UK andtool
Which France
can ledgers.
you use Account Inspector
to create a Financial
Income Statement?

One View Reporting

PS/nVision

Account Inspector

Rapid Implementation
Enterprise Structures
setup
Account combinations Insert rows into the GL_BULK_COMBINATIONS_INT
can be created and/or table using the FBDI template and then submit the
modified using the Import Account Combinations process.
Import Account
Combinations file-based
data import (FBDI).Which
represents the
appropriate upload
steps?

Submit the Import

Account Combinations
process, then insert rows
into
theGL_MULTI_COMBINAT
IONS_INT table using the
FBDI template.

Insert rows into the

GL_BULK_COMBINATIO
NS_INT table using the
FBDI template and then
submit the Import
Account Combinations
process.

Insert rows into the

GL_MULTI_COMBINATIO
NS_INT table using the
FBDI template and then
submit the Import
Account Combinations
process.

Submit the Import

Account Combinations
process, then insert rows
into
theGL_BULK_COMBINATI
ONS_INT table using the
FBDI template.
You defined a tree or An Audit process needs to be successfully
hierarchy, but you are performed before a tree version can be set to
unable to set its status to Active
Active. What is the
reason?

Two tree versions were

not defined

An Audit process needs

to be successfully
performed before a tree
version can be set to
Active

Accounting
Configuration was not
submitted

Chart of accounts was

not deployed
Identify three roles that General Accountant Manager
get access to the reports
in the Fusion Accounting Business Intelligence Administrator (BI Admin)
Hub Reporting Cloud
Service(FAHRCS). Financial Analyst
(Choose three.)

Controller

General Accountant

General Accountant
Manager

Business Intelligence
Administrator (BI Admin)

Financial Analyst
Your customer has many Use the General Ledger’s Calculation Manager to
eliminating entries to define an allocation definition to eliminate entries
eliminate intercompany that you can generate every period
balances. The General
Ledger does not include
a purpose-built
Consolidation feature.
How would you
automate the process of
creating eliminating
entries, assuming your
customer is not using
Oracle Hyperion
Financial Close
Management?

Use the General Ledger’s

Calculation Manager to
define an allocation
definition to eliminate
entries that you can
generate every period

Use the spreadsheet

template that is accessed
from the “Create Journal
in Spreadsheet” task and
import the spreadsheet
with the eliminating
entries every period

There is no way to
automate this process if
the customer is not using
Oracle Hyperion
Financial Close
Management

Create a manual journal

that includes the
eliminating entries, and
then create a copy of the
journal batch every
period
Which two statements All ledgers engaged in an intercompany
are true regarding how transaction must share the same chart of accounts
Intercompany Balancing in order to define balancing rules.
Rule are defined?
(Choose two.) You can define different balancing rules for
different combinations of journal sources, journal
All ledgers engaged in categories, and transaction types.
an intercompany
transaction must share
the same chart of
accounts in order to
define balancing rules.

You can only define

balancing rules for
different journals’
sources. You cannot
define balancing rules for
different journal
categories.

You can define different

balancing rules for
different combinations of
journal sources, journal
categories, and
transaction types.

You can define different

rules for different charts
of accounts, ledgers,
legal entities, and
primary balancing
segment values.
You want to be notified Create an Account Group using Account Monitor
of anomalies in certain
account balances in real
time. What is the most
efficient way to do this?

Create an Account Group

using Account Monitor

Use Account Inspector

Open a Smart View file

saved on your desktop

Perform an account
analysis online
You need to create a Using Workspace, assemble multiple reports into a
boardroom ready month- book that can be printed and viewed individually
end reporting package as an entire book
for an upcoming Audit
Committee meeting. You Use a report batch to run reports at a specific time
have 10 Financial Reports to create a set of snapshot reports
that you want to share
with executives and
auditors that are nicely
formatted. What are the
two Oracle
recommended ways to
accomplish this? (Choose
two.)

Use BI Publisher to
configure the reports and
then use bursting to
email the reports to the
executives and Audit
Committee

Using Workspace,
assemble multiple
reports into a book that
can be printed and
viewed individually as an
entire book

Create a Smartview
report, where the various
sheets represent the
different Financial
Statements and send
them the spreadsheet

Use a report batch to run

reports at a specific time
to create a set of
snapshot reports
Use OTBI to create
multiple reports that you
save to a folder that only
the users can access
The Accounting Manager Journal Source
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?

Journal Source

Journal Category

Journal Batch

Journal Description
Your Financial Analyst Account Inspector
needs to interactively
analyze General Ledger Account Monitor
balances with the ability
to drill down to Smart View
originating transactions.
Which three features
facilitate this? (Choose
three.)

Sunburst reports

Online Transactional
Business Intelligence

Account Inspector

Account Monitor

Smart View
You are defining an Drill Down in GridProperties
income statement report
using Financial Reporting
Studio. Users of the
report need to be able to
analyze the balances
directly from the report.
What should you enable
to allow this?

Nothing. All report are

drillable

Drill Through in Grid

Properties

Drill Down in Report

Functions

Allow Expansion in
Report Functions
When creating your Financial Reporting Studio
financial statements, you
would like to have a Smart View
chart, such as a bar
graph, included in the
report output. Which two
reporting tools allow you
to achieve this? (Choose
two.)

Financial Reporting
Studio

Account Inspector

Smart View

Financial Statement
Generator
You create an invoice for The funds reserved for the purchase order is
USD 100 that is matched reinstated while the invoice expenditure is
to a purchase order of reserved by USD100
USD 100. You validate the
invoice to consume the
budget and reduce funds
available. And then later,
you cancel the invoice.
What happens to funds
available when you
cancel an invoice that
requires budgetary
control?

Funds available will

change when the invoice
is approved

The funds reserved for

the purchase order is
reinstated while the
invoice expenditure is
reserved by USD 100

The budget will increase

by USD 100 and the funds
available will decrease by
USD 100

The budget and funds

available will increase by
USD 100
In which two ways can They can use Personalization to move and remove
your users customize the regions from those pages
Springboards and Work
Areas to suit their They can format each table by hiding and showing
individual working styles? columns, moving columns, and resizing columns
(Choose two.)

Users have very little

control their
Springboards and Work
Areas; they can only
resize columns

They can use

Personalization to move
and remove regions from
those pages

They can have the

System Administration
customize pages for
them using Page
Composer

They can format each

table by hiding and
showing columns,
moving columns, and
resizing columns
When creating financial Financial Reporting Studio
reports which two tools
use data from the SmartView
General Ledger Balances
Cube? (Choose two).

Financial Reporting
Studio

Smart View

Oracle Financial
Statement Generator

Financial Reporting
Center
The general accountant is A cross validation rule is in place to prevent the
trying to update the cost resulting combination from being created
center for the Default
Suspense Account in the
Ledger Options to match
the cost center for the
Rounding Account. The
rounding account is
showing as 01-110-7699-
00; however, 110 is not
appearing in the List of
Values for the accountant
to select in the Suspense
Account. What is the
reason for this?

The general accountant

does not have the
Financials Application
administrator role
assigned and, therefore,
has view-only privileges
on this page

The general accountant

has a segment value
security rule assigned
which restricts access to
that cost center

There is a primary
balancing segment
attached to the legal
entity of the primary
ledger

A cross validation rule is

in place to prevent the
resulting combination
from being created
You want to specify Whether to enforce an enterprise-wide currency
Intercompany System or allow intercompany transactions in local
Options. Which three currencies
factors should you
consider? (Choose Whether to allow receivers to reject intercompany
three.) transactions

whether to enforce an Automatic or manual batch numbering and the

enterprise-wide currency minimum transaction amount
or allow intercompany
transactions in local
currencies

whether to allow
receivers to reject
intercompany
transactions

automatic or manual
batch numbering and the
minimum transaction
amount

automatic or manual
batch numbering and the
maximum transaction
amount

the approvers who will

approve intercompany
transactions
You operate in a country Use Journal-Level or Subledger-Level Reporting
whose unstable currency Currencies denominated in the more stable
makes it unsuitable for currency
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?

Run Revaluation as often

as you need to the more
stable currency and
report on the more
stable currency’s
balances

Run Revaluation to
translate into Statistical
Currency

Create a secondary
ledger that uses a
different chart of
accounts that is
denominated in the more
stable currency

Use Journal-Level or
Subledger-Level
Reporting Currencies
denominated in the more
stable currency
Your new accountants Account Monitor
have been making
mistakes in reconciling
accounts assigned to
them. Your account
balances have either
spiked or dropped 30-
40% every period due to
human error. This causes
delays in reconciliation.
What feature can you use
to be proactively notified
of account anomalies in a
more timely manner?

Account Monitor

Financial Reports with

Embedded charts

Smart View

Account Inspector and its

charts
What are the three OTBI allows you to create custom reports from
differences between real-time transactional data against the database
Oracle Transactional directly
Business Intelligence
(OTBI) and Oracle OBIA is based on the universal data warehouse
Business Intelligence design with different prebuilt adapters that can
Applications (OBIA)? connect to various source applications.
(Choose three.)
OBIA works for multiple sources including E-
Cloud customers can use Business Suite, PeopleSoft, JD Edwards, SAP, and
both OTBI and OBIA Cloud Applications

OTBI allows you to

create custom reports
from real-time
transactional data against
the database directly

OBIA is based on the

universal data warehouse
design with different
prebuilt adapters that can
connect to various
source applications.

Both OBIA and OTBI

provide a set of
predefined reports and
dashboards and a library
of metrics that help to
measure business
performance.

OBIA works for multiple

sources including E-
Business Suite,
PeopleSoft, JD Edwards,
SAP, and Cloud
Applications
After loading your Application Development Framework Desktop
budget data into General Integration Budget Balances Report
Ledger Cloud, you can
view budget balances
using these features.
Which feature does not
belong on the list?

Application
Development Framework
Desktop Integration
Budget Balances Report

Account Monitor

Smart View

Account Inspector
What are the two The purchase order is canceled or finally closed or
possible reasons for rejected without performing any receipt or invoice
encumbrance created on
the purchase order to go When the purchase order is set to accrue at
back to the budget or receipt and partially received, then canceled or
funds availability? finally closed, encumbrance goes back to the
(Choose two.) extent of the unreceived amount

The purchase order is

canceled or finally
closed or rejected
without performing any
receipt or invoice

When the purchase order

is set to accrue at receipt
and partially received,
then canceled or finally
closed, encumbrance
goes back to the extent
of the unreceived
amount

The requisition reserved

successfully undergoes
amendment and is
rejected in the
reapproval

When the requisition is

set to accrue at period
end and partially billed
and then canceled or
finally closed,
encumbrance goes back
to the budget to the
extent of the unbilled
amount
You are using budgetary The purchase order is Partially Liquidated and the
control. You have an invoice is Reserved
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?

Both are Partially

Reserved

The purchase order is

Liquidated and the
invoice is Partially
Reserved

The purchase order is

Partially Liquidated and
the invoice is Partially
Reserved

The purchase order is

Partially Liquidated and
the invoice will be
Reserved

Both are reserved

The purchase order is

Open and the invoice is
Validated
You just submitted the You must define a Data Access Set to obtain
Accounting read/write access to the ledger is automatically
Configuration. What two created
things must happen
before you can enter You must assign the job role and data security
journals? (Choose two.) context to each user

You must re-deploy the

chart of accounts

A Data Access Set with

full read/write access to
the ledger is
automatically created

You must define a Data

Access Set to obtain full
read/write access to
ledgers in the Accounting
Configuration

You must assign the job

role and data security
context to each user
In which two ways can They can format certain tables by hiding and
your users personalize showing columns, moving columns, and resizing
the Springboards and columns
Work Areas to suit their
individual working styles? They can have the System Administrator
(Choose two.) configuring pages for them using Page Composer

They can format certain

tables by hiding and
showing columns,
moving columns, and
resizing columns

Users have very little

control configuring their
Springboards and Work
Areas; they can only
resize columns

They can have the

System Administrator
configuring pages for
them using Page
Composer

They can use “+” under

the Apps section of the
News Feed homepage
Management has added Uncheck the Enable Posting from the Manage
a requirement to Subledger Accounting Options task.
segregate the duties of
transferring journals to For previously scheduled automated processes, it
the General Ledger from is recommended to cancel and rescheduled the
the posting function. process for the option to be effective.
Which two new features
allow this segregation?
(Choose two.)

Uncheck the Enable

Posting from the Manage
Subledger Accounting
Options task.

Journal entry
spreadsheets are not
impacted by this new
function.

Must have separate user

defined roles using the
privilegeXLA_CREATE_GE
NERAL_LEDGER_AND_SU
BLEDGER _JOURNALS.

For previously scheduled

automated processes, it
is recommended to
cancel and rescheduled
the process for the
option to be effective.
You entered the 4
following information in
the Companies and Legal
Entities tab of the Rapid
Implementation
Spreadsheet:

Assuming currency is left

blank in the Ledger
worksheet, how many
Ledgers will the process
create?

6
3
4
5

Which subject area has General Ledger - Journals Real Time

been enhanced to allow
you to drill down from
OTBI General Ledger
Reports to a General
Ledger journal?

General Ledger - Journal

Transaction Balances
Real Time

General Ledger – Journal

Balances Real Time

General Ledger –
Summary Journals Real
Time

General Ledger –
Journals Real Time
Your customer has a Define an intercompany segment in the chart of
large number of legal accounts. The Intercompany module and the
entities. The legal entity Intercompany balancing feature in general ledger
values are defined in the and subledger accounting will automatically
company segment which populate the intercompany segment which the
represents the primary balancing segment value of the legal entity with
balancing segment. They which you are trading
want to easily create
eliminating entries for
their intercompany
activity. What would you
recommend?

Define an intercompany
segment in the chart of
accounts. The
Intercompany module
and the Intercompany
balancing feature in
general ledger and
subledger accounting
will automatically
populate the
intercompany segment
which the balancing
segment value of the
legal entity with which
you are trading

There is no need to
define an intercompany
segment, the
Intercompany module
keeps track of the trading
partners for you based
on the intercompany
rules to define

Define an intercompany
segment and qualify it as
the second balancing
segment to make sure all
entries are balanced for
the primary balancing
segment and
intercompany segment

There is no need to
define an intercompany
segment. You can track
the intercompany trading
partner using distinct
intercompany
receivable/payable
natural accounts to
identify the trading
partner

On which three Every time the tree version is published

occasions are Essbase
balances updated? Every time journals are posted to the general
(Choose three.) ledger

every time the tree At report run-time

version is published

every time you run the

batch program called
“Update Essbase
Balances”

every time you open a

new period

every time journals are

posted to the general
ledger

at report run-time
Your customer wants to If you do not map legal entities to balancing
use a clearing company segment values, then a clearing company can be
to automatically balance applied to any journal within the ledger
intercompany entries.
Which three statements If you map legal entities to balancing segment
are true regarding the values, then a clearing company can only be
use of a clearing applied within a legal entity
company value? (Choose
three.) If you choose to use a clearing company, you can
define a default clearing company value or select
You must map legal the clearing company value directly in the general
entities to balancing ledger journal
segment values in order
to use a clearing
company

If you do not map legal

entities to balancing
segment values, then a
clearing company can be
applied to any journal
within the ledger

Clearing companies are

not supported

If you map legal entities

to balancing segment
values, then a clearing
company can only be
applied within a legal
entity

If you choose to use a

clearing company, you
can define a default
clearing company value
or select the clearing
company value directly in
the general ledger
journal
You want to achieve RuleSets
multi-step cascading
allocations, which feature
do you use?

RuleSets

Formulas

Point of View (POV)

General Ledger journal

entries

You want to monitor the Access each subledgers’ calendar and General
close process of all Ledger’s Manage Accounting Periods page to view
financial subledgers and the status of each period
ledgers. How can you
quickly obtain this
information?

Use the Manage

Accounting Periods page
to view the status of all
subledgers and ledgers

Access each subledgers’

calendar and General
Ledger’s Manage
Accounting Periods page
to view the status of each
period

Run Closing Status

reports

Use Close Monitor in

General Accounting
Dashboard
How do Cross Validation CVRs only test new account combinations being
Rules (CVRs) handle inserted into the table. They ignore any invalid
existing violations in the account combinations already existing in the table
Code Combinations
Identification(CCID)
table?

Nothing has changed. If

you have an invalid
account combination
existing in the table, you
must deactivate it to
prevent further usage

CVRs are assigned to the

end user role; therefore
controlling what account
code combination
individuals can leverage
in the General Ledger
and the subledgers

CVRs only test new

account combinations
being inserted into the
table. They ignore any
invalid account
combinations already
existing in the table

If CVR determines that an

invalid combination exists
in the CCID table, it will
automatically disable that
account code
combination.
You need to define Formulas
multiple allocation rules
as efficiency as possible. Point of View (POV)
Which three components
can be reused across RuleSets
allocation rules? (Choose
three.)

Point of View (POV)

Formulas

Run Time Prompts (RTP)

RuleSets
Which two statements This report can be run using an additional
are true regarding the currency and conversion rate that converts all
Intercompany amounts into a common currency for comparison
Reconciliation Report?
(Choose two.) This report displays the intercompany receivables
and intercompany payables balances in summary
You can only drill down for a period.
to the general ledger
journal and then from
there to the subledger
journal entry.

This report can be run

using an additional
currency and conversion
rate that converts all
amounts into a common
currency for comparison.

This report displays only

the reconciled
transactions. You need to
further process automatic
reconciliation to
reconcile the
unreconciled
transactions.

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.

This report displays the

intercompany receivables
and intercompany
payables balances in
summary for a period.
The Delete Translated Submit the Create General Ledger Balances Cube
Balances process process to ensure that the balances cube
provides the ability to maintains translated balances that are consistent
completely reset with future translations.
translations in the event
that significant changes
are made to the
accounting configuration.
Once the deletion
process completes, what
additional process must
you run?

Submit the Update

General Ledger Balances
Cube process to ensure
that the balances cube
maintains translated
balances that are
consistent with future
translations.

Submit the Create

General Ledger Balances
Cube process to ensure
that the balances cube
maintains translated
balances that are
consistent with future
translations.

Submit the Create

Currency Dimension
Members process to
ensure that the balances
cube maintains translated
balances that are
consistent with future
translations.
Submit the Create
Scenario Dimension
Members process to
ensure that the balances
cube maintains translated
balances that are
consistent with future
translations.
What is the most efficient Use the Add Year button
way to add a new year to
the accounting calendar?

Import the periods from

a spreadsheet

The application
automatically populates
the next year when you
open the first period of a
new fiscal year

Add the periods

manually

Use the Add Year button

You are using Oracle Opt in to the Prevent Period Close option for the
General Ledger (GL), offering
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?

Opt in to the Prevent

Period Close option for
the offering

Set the relevant option

on the Specify Ledger
Options page

Nothing, this option is

enabled automatically

Set the
ORA_GL_INCLD_STRICT_
PRD_CLOSE profile
option to yes
You are implementing a Deploy your chart of accounts
multipillar
implementation of both Use HCM’s Enterprise Structure Configurator (ESC)
HCM Cloud and ERP first
Cloud. You are
implementing ERP first Use the Rapid Implementation spreadsheet when
followed by HCM Cloud. creating your enterprise structure
You want to ensure your
ledgers and chart of
accounts are correctly
defined. What should you
do? (Choose three)

Deploy your chart of

accounts

Use HCM’s Enterprise

Structure Configurator
(ESC) first

Create your chart of

accounts in the following
order: value sets, COA
structure, and instance
before assigning values
to the value sets

Use file-based
spreadsheet loaders
using UCM to mass load
and maintain chart of
accounts segment values
and hierarchies

Use the Rapid

Implementation
spreadsheet when
creating your enterprise
structure
All of your subsidiaries Translate balances to the corporate currency,
reside on the same create a chart of accounts mapping to the
application instance, but corporate chart of accounts, then transfer
some of them require a balances to the corporate consolidation ledger
different chart of using the balance transfer program
accounts and/or
accounting calendar and
currency. There is no
minority interest or
partial ownerships. What
is Oracle's recommended
approach to performing
consolidations?

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

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.

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.

Use Oracle Hyperion

Financial Management
for this type of complex
consolidation.
Your customer is Control budgets are always absolute to generate
implementing budgetary encumbrance accounting
control with
encumbrance A control budget can allow override rules only if
accounting. Your the control level is absolute
customer has businesses
in Australia, New A control budget can be associated with a
Zealand, and Singapore different calendar than accounting calendar
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.)

The control budget

structure has all the chart
of account segments as
budget segments

Control budgets are

always absolute to
generate encumbrance
accounting

A control budget is
associated to a ledger
and creates three control
budgets for Australia,
New Zealand, and
Singapore

A control budget can

allow override rules only
if the control level is
absolute
A control budget can be
associated with a
different calendar than
accounting
You set up acalendar
secondary Define Journal Conversion Rules that include
ledger using the Manage subledgers in order to transfer subledger
Secondary Ledger task transactions
and selected a data
conversion level of Assign a Subledger Accounting Method to the
subledger. Which two secondary ledger
actions should you now
perform? (Choose two.)

Ensure that the

Accounting Calendar and
Currency are the same as
the Primary Ledger

Define Journal
Conversion Rules that
include subledgers in
order to transfer
subledger transactions

Define Journal
Conversion Rules that
exclude subledgers

Assign a Subledger
Accounting Method to
the secondary ledger

Define Supporting
References with balances
You have a requirement A Provider and Receiver distribution set
for the Intercompany
Provider and Receiver
distribution accounts to
be created automatically
for all intercompany
transactions. What should
you configure?

a Provider and Receiver

distribution set

Intercompany transaction
type default accounts

the AutoAccounting
Definition

the Transaction Account

Definition

You want to define an Always use the Outer Point of View (POV)
allocation rule where
segment values are
constants for rules and
formulas. What should
you do?

Never use the Outer

Point of View (POV)

Always use the Outer

Point of View (POV)

Specify Run Time

Prompts (RTP)

Only specify segment

values in formulas
All of your subsidiaries Use General Ledger’s Financial Reporting
can share the same functionality to produce consolidated reports by
ledger with their parent balancing segment where each report represents
company and all reside a different subsidiary. Any eliminating entries can
on the same application be entered in yet another separate balancing
instance. They do segment
perform intercompany
accounting. What is
Oracle's recommended
approach to performing
consolidations?

Use General Ledger’s

Financial Reporting
functionality to produce
consolidated reports by
balancing segment
where each report
represents a different
subsidiary. Any
eliminating entries can be
entered in yet another
separate balancing
segment

Use Oracle Hyperion

Financial Management
for this type of complex
consolidation

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.
Define multiple ledgers
for consolidation and
report on ledger set
You have set up a An OTBI analysis
supporting reference
with balances to capture
revenue by account
manager. Which option
should you use to view
the supporting reference
balances?

an Account Group

an OTBI analysis

a SmartView analysis

General Ledger inquiries

and reports
When working with Make sure the tree version was published
Essbase, versions of the successfully
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?

Make sure to flatten the

rows of the tree version

Make sure the tree is

active

Make sure the tree

version was published
successfully

Redeploy the chart of

accounts
You need to define a Share the same value set for the company and
chart of accounts that intercompany segments to reduce chart of
includes an intercompany accounts maintenance
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?

Define the company

segment only and qualify
it as both the primary
balancing segment and
intercompany segment

Define two different

charts of accounts

Share the same value set

for the company and
intercompany segments
to reduce chart of
accounts maintenance

Use two different value

sets for the company and
intercompany segment
because segment value
security rules are at the
value set level
Which reporting tool is Business Intelligence Publisher (BI Publisher)
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?

Oracle Transactional
Business Intelligence
(OTBI)

Business Intelligence
Publisher (BI Publisher)

Financial Reporting
Center

Smart View

Oracle Data Visualization

Cloud Service
Your client has been Enable Payment Request Subtypes
using Budgetary Control
for six months. Now, they Rebuild the Budgetary Control Cube
want to use the Spend
Authorization. After Enable spend authorization
opting in the new feature
Spend Authorization with
Budgetary Control, what
additional three actions
need to be accomplished
to activate this feature?
(Choose three.)

Enable Payment Request

Subtypes

Rebuild the GL Balances

Cube

Create a Payment
Process Profile

Rebuild the Budgetary

Control Cube

Enable spend
authorization
What are the two It can differ from its primary ledger by the
purposes of a secondary accounting method, chart of accounts, accounting
ledger? (Choose two.) calendar, currency, and/or journal processing
options
It can differ from its
primary ledger by the It is an optional ledger that is linked to a primary
accounting method, ledger for the purpose of tracking alternative
chart of accounts, accounting
accounting calendar,
currency, and/or journal
processing options

It should not be used

when trying to meet local
accounting requirements

It is used to main
balances in a different
currency only

It is an optional ledger
that is linked to a primary
ledger for the purpose of
tracking alternative
accounting

It should only be used to

main balances for
processing performance
Which two methods can Export to Excel Detach the table to resize it to the
your General Ledger maximum size of the monitor.
accountants use to more
easily view large amounts
of data contained in the
tables in their work
areas? (Choose two.)

Use the Freeze feature

on the tables to scroll
through large amounts of
data

Run a Business
Intelligence Publisher
report with Excel as the
output format

Export the table to Excel

Detach the table to

resize it to the maximum
size of the monitor.
Your customer has $400 USD will be added back to available funds
enabled budgetary
control for purchase
orders. They have a
purchase order for $1,000
USD which is fully
reserved. An invoice for
$600 is entered and
matched to the purchase
order, and the purchase
order is closed for further
invoicing. What happens
to the remaining $400
USD?

Invoice type will have

less funds available by
$400 USD

$400 USD will be expired

and not available for use

$400 USD will be added

back to available funds

Only obligation type will

have $400 USD funds
available

Manual encumbrance
journal needs to be
entered in General
Ledger to release the
budget amount of $400
USD
How can your By using the Journals region to view journals
Accounting Manager Requiring Attention, Requiring Approval, and
expedite journal Pending Approval from Other
processing during the
time-critical month-end
close?

by creating an ad hoc
query on journals using
Oracle Transactional
Business Intelligence
(OTBI)

by running the Journals

report using Business
Intelligence Publisher

by using the Journals

region to view journals
Requiring Attention,
Requiring Approval, and
Pending Approval from
Other

by using the Close Status

monitor to drill down on
the close status across
ledgers
Your company has a legal Three
entity in the UK, US, and
Canada. 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?

One, because they can

all share the same chart
of accounts

Three, because each

requires a different
currency

Two, because the US and

Canada can share the
same ledger because
they are in North
America

Four, because the UK has

statutory requirements
and you will need a
separate ledger for
statutory reporting
Your customer requires You must have implemented Payables Cloud and
physical invoices to be Receivables Cloud
generated in Payables
Cloud and Receivables You must assign the corresponding Receivables
Cloud for the and Payables Business Units
Intercompany payables
and receivables
transactions. Which two
statements are correct
with regards to setting
this up? (Choose two.)

You only need to assign

the Legal Entity and
Organization Contact

You can only associate

one Intercompany
Organization per Legal
Entity

You must have

implemented Payables
Cloud and Receivables
Cloud

You must assign the

corresponding
Receivables and
Payables Business Units
You need to set up a Period
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? Calendar
format should you
choose

Calendar

Fiscal

Year

Period

Journal Description Rules Journal Line Rules

are assigned to
Subledger Journal Entry Account Rules
Rule Sets. What are the
other three Supporting References
subcomponents of a
Subledger Journal Entry
Rule Set? (Choose three.)

Accounting Date

Chart of Accounts

Journal Line Rules

Account Rules

Supporting References
You are implementing When you enable Segment Value Security on a
Segment Value Security segment, users will not be able to access any
rules. Which two values until you grant access to users and
statements are true? products
(Choose two.)
You can use hierarchies to define rules
When you enable
Segment Value Security
on a segment, users will
not be able to access any
values until you grant
access to users and
products

You can use hierarchies

to define rules

When you enable or

disable Segment Value
Security, you do not
need to redeploy your
chart of accounts

The Segment Value

Security rules do not take
effect until you assign the
rules to users and
products
Which feature outside of Revaluations and translation to revalue and
reporting and analysis translate currencies stored in the Essbase cube
leverages the Essbase
cube?

revaluations and
translation to revalue and
translate currencies
stored in the Essbase
cube

calculation manager to
perform allocations
based on
multidimensional
balances and budgets

period closing and

opening of ledgers to
keep General Ledger
Cloud and the Essbase
cubes in sync

journal entries and

journal approval to
create journals that
update balances to the
cube directly
You are defining an Drill Through in Grid Properties
income statement report.
You want to allow
viewers of the report to
be able to drill down
from report balances to
the underlying
transactions. What so you
need to enable?

Drill Through in Grid

Properties

Nothing. All report

balances are drillable in
all FR Studio reports

Allow Expansion

Report Functions
Your customer has three Define five segments for the company,
legal entities, 50 department, natural account, intercompany, and
departments, and 10,000 future use segment. The qualifiers should be
natural accounts. They primary balancing segment, cost center segment,
use intercompany entries. natural account segment, intercompany segment,
What is Oracle's and no qualifier, respectively.
recommended practice
when implementing a
new chart of accounts?
How many segments and
what segment qualifiers
should be used?

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.

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.

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.

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.
Which two statements New dimensions can be added to a General
are TRUE regarding the Ledger Balances Cube
Balances Cubes in
General Ledger? They are updated automatically when the
(Choose two.) Revaluation process is run

They are updated

automatically when the
General Ledger period is
opened

New dimensions can be

added to a General
Ledger Balances Cube

They are updated

automatically when the
Revaluation process is
run

A new Balances Cube is

created for a unique
combination of Ledger
and Currency

They are updated

automatically when the
Translation process is run
You want to process RuleSets
multiple allocations at the
same time. What feature
do you use?

RuleSets

Formulas

General Ledger journal

entries

Point of View (POV)

In Financial Cloud, which Oracle Transactions Business Intelligence

three reporting tools can
be used to access Financial Reporting Studio
General Ledger
balances? (Choose Smart View
three.)

Application Composer

Oracle Enterprise
Repository

Oracle Transactions
Business Intelligence

Financial Reporting
Studio

Smart View
Your customer uses Intercompany Balancing Rules are defined
Financials Cloud, centrally and applied across Financials and
Projects, Inventory, and Projects
SCM. Which two
statements are true In Financials Cloud, Intercompany Balancing Rules
regarding intercompany are used to balance both cross-ledger allocation
accounting for these journals and single-ledger journals
products? (Choose two.)

Intercompany balancing
rules in General Ledger
need to be mapped with
the intercompany
configuration in each
product

Intercompany Balancing
Rules are defined
centrally and applied
across Financials and
Projects

Each product has its own

Intercompany
Accounting feature that
needs to be configured
separately

In Financials Cloud,
Intercompany Balancing
Rules are used to
balance both cross-
ledger allocation journals
and single-ledger
journals
During implementation, a Change and save the segment qualifier.
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.

Create a new chart of

accounts.

Delete the segment and

create a new segment
with the correct qualifier.

Change and save the

segment qualifier.

Delete the chart of

accounts and create a
new one.
Your customer wants to Create three segments for the Company, Line of
create fully balanced Business, and Product segments and qualify them
balance sheets for the as primary balancing segment, second, and third
Company, Line of balancing segments, respectively
Business, and Product
segments for both
financial and
management reporting.
What is Oracle's
recommended method
for doing this?

Create a segment that

acts as the primary
balancing segment and
create values that
represent a
concatenation of all three
business dimensions

Use account hierarchies

to create different
hierarchies for different
purposes and use those
hierarchies for reporting

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

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
You have enabled Purchase order encumbrance will be released for
budgetary control and $2,100 USD
have a control budget set
to Advisory control level. As there are cancellations for $400 USD, the
For September2016, your system will partially reserve the funds in
budget for a given September 2016and fully reserve it in October 2016
account combination is
$5,000 USD. In the same
month, there is an
approved requisition for
that account of $900 and
an approved purchase
order for that account of
$2,500 USD. There is also
a General Ledger
adjustment journal entry
for that account of $1,600
USD. An approved
purchase order line of
$400 USD is then
cancelled. And an invoice
is matched to the
purchase order for $2,100
USD. Which two
statements are true?
(Choose two.)

No change

Purchase order
encumbrance will be
released for $2,100 USD

Funds reservation only

happens for non-
matched invoices, so the
system will not reserve
funds
As there are
cancellations for $400
USD, the system will
partially reserve the
funds in September
2016and fully reserve it in
October 2016

The system always

consumes budget of
future periods if the limit
for the current period is
expired, so October 2016
budget will be
considered for
reservation
You are creating values You have not set the Allow Posting attribute for the
for the chart of account value set
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?

You have not set the

Allow Budgeting
attribute for the value set

The Account Type

qualifier has not been
enabled when defining
the value set

You are creating values

before assigning the
value set to the structure

You have not set the

Allow Posting attribute
for the value set
Encumbrance accounting The current transaction accounting date was set
is enabled for your up under the encumbrance accounting Default
ledger. An encumbrance Date Rule
journal dated 3/15/19 was
recorded for a purchase
order. The invoice was
entered on 5/5/19, but
the invoice accounting
date was 4/20/19. The
encumbrance journal for
liquidating the purchase
order encumbrance is
dated 5/5/19.What is
causing this?

The actual accounting

date was set up under
the encumbrance
accounting Default Date
Rule

The current transaction

accounting date was set
up under the
encumbrance accounting
Default Date Rule

The subledger
accounting option is set
to system date

The system date was set

up under the
encumbrance accounting
Default Date Rule

The prior related

transaction accounting
date was set up under
the encumbrance
accounting Default Date
Rule
Before implementing Run the Intercompany Reconciliation report, which
Financials Cloud, your shows pairs of intercompany receivables and
customer used to payables accounts that are out of balance
manually reconcile their
intercompany payables
and receivables
accounts. What is a more
automated approach to
do this?

Use Oracle Hyperion

Close Manager to
automatically reconcile
intercompany account
balances

In Financials Cloud, you

must manually reconcile
your intercompany
account balances

Run the BI Publisher

reports called
Intercompany Transaction
Summary and Account
Details to automatically
reconcile intercompany
balances

Run the Intercompany

Reconciliation report,
which shows pairs of
intercompany receivables
and payables accounts
that are out of balance

Create a query using

Oracle Transactional
Business Intelligence
(OTBI) that will match the
intercompany payables
and receivables balances
Management wants to Import Budget Amounts
use the budget transfer (XCC_IMPORT_BUDGET_PRIV)
function available on the
Review Budgetary
Control Balances page.
Which privilege is
required to perform the
budget transfer?

Import Budget Amounts

from
spreadsheet(XCC_IMPOR
T_BUDGET_FROM_SPREA
DSHEETS_PRIV)

Import Budget Amounts

(XCC_IMPORT_BUDGET_
PRIV)

Manage Control Budgets

(XCC_MANAGE_CONTR
OL_BUDGETS_PRIV)

Budget Loading
(XCC_BUDGET_LOADING
_DUTY_PRIV)
You entered a journal View the Projected Balances region in the Create
and the client is asking Journals page
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?

Query the account

balance online

Use Oracle Transactional

Business Intelligence
(OTBI) to query General
Ledger balances

View the Projected

Balances region in the
Create Journals page

Run a Trial Balance

before and after posting
You are creating financial When designing your financial statement using
statements and want to Financial Report (FR), embed a chart into your
have charts, such as a bar report
graph, automatically
inserted to improve the
understanding financial
results. How would you
achieve this?

Use Smart View, which is

an Excel Add-on

Use Account Inspector

that automatically creates
graphs on financial
balances

When viewing the report,

download to Excel and
use Excel’s Charting
features to create your
bar graph

When designing your

financial statement using
Financial Report (FR),
embed a chart into your
report
Your customer is Additional intercompany rules will need to be
planning to have three defined for the two additional balancing segments
balancing segments for
generating balance Every journal where debits do not equal credits
sheets and income across the three balancing segments will result in
statements at cost center the system generating extra journal lines to
segment and program balance the entry
segment
levels.D18912E1457D5D1D
DCBD40AB3BF70D5D

Which two
recommendations would
you give your customer?
(Choose two.)

Additional intercompany
rules will need to be
defined for the two
additional balancing
segments

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

Additional intercompany
balancing and clearing
options will need to be
defined

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
You have exported data Application Developer Framework Desktop
from your budgeting Integrator
application into a .csv file.
What should you use to
load that data into
General Ledger?

The budget journal

spreadsheet

Enterprise Resource
Budget Integrator

File Based Data Import

Application Developer
Framework Desktop
Integrator
The expense account of Run the “Correct Misclassified Account” program
airfare was erroneously
assigned to the account
type "Liability". Which
method should you
choose to fix the
problem?

Deactivate the value

Run the “Segment Value

Inheritance” program

Run the “Correct

Misclassified Account”
program

Run the “Update Balance

Cube Chart of the
Accounting Dimension”
program
Your enterprise structure While defining control for business unit one,
has one ledger and two disable control for Purchasing, Payable Invoicing,
business units. Business and Receiving
unit one wants to enable
budgetary control for Define control for business unit two to disable
Requisitioning only on control for Requisitioning, Purchasing, and
Procure-to-Pay Business Receiving
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.)

While defining control for

business unit two, enable
control at Requisitioning
and define the
exceptions to only
include invoicing

While defining control for

business unit one, enable
control at purchasing and
define the exceptions to
only include
requisitioning

Define budgetary control

at ledger level with
Budgetary Control
Exceptions for each
business unit

While defining control for

business unit one, disable
control for Purchasing,
Payable Invoicing, and
Receiving

Define budgetary control

at ledger level and only
encumbrance control at
the business units

Define control for

business unit two to
disable control for
Requisitioning,
Purchasing, and
Receiving
Account combinations Insert rows into the GL_BULK_COMBINATIONS_INT
can be created and/or table using the FBDI template and then submit the
modified using the Import Account Combinations process.
Import Account
Combinations file-based
data import (FBDI).
Which represents the
appropriate upload
steps?

Submit the Import

Account Combinations
process, then insert rows
into the
GL_MULTI_COMBINATIO
NS_INT table using the
FBDI template.

Insert rows into the

GL_BULK_COMBINATIO
NS_INT table using the
FBDI template and then
submit the Import
Account Combinations
process.

Insert rows into the

GL_MULTI_COMBINATIO
NS_INT table using the
FBDI template and then
submit the Import
Account Combinations
process.

Submit the Import

Account Combinations
process, then insert rows
into the
GL_BULK_COMBINATIO
NS_INT table using the
FBDI template.
Your company has Data is summarized across segments that are not
complex consolidation mapped to Hyperion Financial Management
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?

Data is summarized
across segments that are
not mapped to Hyperion
Financial Management

The unmapped segments

default to future use
segments in Hyperion
Financial Management

No data is transferred

Errors occur for

unmapped segments.
You must map multiple
segments from source
general ledgers to the
target segment in
Hyperion Financial
Management