test

Question 1

You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and
you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?

A. Period
B. Calendar
C. Year
D. Fiscal

Answer 1

Answer : D

Question 2

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. Three, because each requires a different currency
C. Two, because the US and Canada can share the same ledger because they are in North
America
D. Four, because the UK has statutory requirements and you will need a separate ledger for
statutory reporting

Answer 2

B

Question 3

All of your subsidiaries reside on the same application instance, but some of them require a different
chart of accounts and/or accounting calendar and currency. There is no minority interest or partial
ownerships. What is Oracle's recommended approach to performing consolidations?
A. 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
B. Use Oracle Hyperion Financial Management for this type of complex consolidation.
C. 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.
D. 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.

Answer 3

D

Question 4

The Accounting Manager 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?
A. Journal Category
B. Journal Description
C. Journal Batch
D. Journal Source

Answer 4

D

Question 5

You can run predefined reports to reconcile subledger application balances to General Ledger
balances.
Which attribute needs to be set up on the Manage Values page for chart of accounts segment values
so that you can run the Payables to General Ledger Reconciliation Report or Receivables to General
Ledger Reconciliation Report?
A. End Date
B. Reconcile
C. Financial Category
D. Third Party Control Account
E. Start Date

Answer 5

C

Question 6

Your company has a legal 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?
A. One, because they can all share the same chart of accounts
B. Three, because each requires a different currency
C. Two, because the US and Canada can share the same ledger because they are in North
America
D. Four, because the UK has statutory requirements and you will need a separate ledger for
statutory reporting

Answer 6

B

Question 7

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. Import Budget Amounts from Spreadsheet
(XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
B. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
C. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
D. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)

Answer 7

C

Question 8

You entered the following information in the Companies and Legal Entities tab of the Rapid
Implementation Spreadsheet:
(check Q8)
Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?

A. 6
B. 4
C. 5
D. 3

Answer 8

B

Question 9

On which three occasions are Essbase balances updated? (Choose three.)
A. every time the tree version is published
B. every time you run the batch program called “Update Essbase Balances”
C. every time you open a new period
D. every time journals are posted to the general ledger
E. at report run-time

Answer 9

Answer : A, C, D

Question 10

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations
Identification (CCID) table?
A. If CVR determines that an invalid combination exists in the CCID table, it will automatically
disable that account code combination.
B. Nothing has changed. If you have an invalid account combination existing in the table, you
must deactivate it to prevent further usage
C. CVRs only test new account combinations being inserted into the table. They ignore any
invalid account combinations already existing in the table
D. CVRs are assigned to the end user role; therefore controlling what account code combination
individuals can leverage in the General Ledger and the subledgers

Answer 10

C

Question 11

What is the most efficient way to add a new year to the accounting calendar?
A. Import the periods from a spreadsheet
B. The application automatically populates the next year when you open the first period of a new
fiscal year
C. Use the Add Year button
D. Add the periods manually

Answer 11

C

Question 12

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and
Product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?
A. Use account hierarchies to create different hierarchies for different purposes and use those
hierarchies for reporting
B. 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
C. Create a segment that acts as the primary balancing segment and create values that
represent a concatenation of all three business dimensions
D. Create two segments where the first segment represents the concatenation of Company and
Line of Business, and then enable secondary tracking for the Product segment

Answer 12

B

Question 13

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 Balance Report
B. Account Inspector
C. Account Monitor
D. SmartView

Answer 13

A

Question 14

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany
payables and receivables accounts. What is a more automated approach to do this?
A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account
balances
B. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables
and payables accounts that are out of balance
C. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details
to automatically reconcile intercompany balances
D. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the
intercompany payables and receivables balances
E. In Financials Cloud, you must manually reconcile your intercompany account balances

Answer 14

B

Question 15

You just submitted the Accounting Configuration. What two things must happen before you can enter
journals? (Choose two.)
A. You must define a Data Access Set to obtain full read/write access to ledgers in the
Accounting Configuration
B. A Data Access Set with full read/write access to the ledger is automatically created
C. You must assign the job role and data security context to each user
D. You must re-deploy the chart of accounts

Answer 15

Answer : B, C

Question 16

The current implementation project covers Financials (with Fixed Assets and Expenses) with
operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project?
(Choose three.)
A. Cost center
B. Primary Balancing
C. Natural Account
D. Secondary Balancing
E. Intercompany Segment

Answer 16

Answer : A, B, C

Question 17

You have a requirement to have invoices generated for certain Intercompany transactions.
Where do you enable invoicing?
A. the transaction source
B. the transaction type
C. the transaction category
D. the transaction batch

Answer 17

B

Question 18

The expense account of airfare was erroneously assigned to the account type "Liability". Which
method should you choose to fix the problem?
A. Run the "Correct Misclassified Account" program
B. Deactivate the value
C. Run the "Update Balance Cube Chart of the Accounting Dimension" program
D. Run the "Segment Value Inheritance" program

Answer 18

A

Question 19

A subsidiary company, in a highly regulated country, where there is a legal requirement to produce
fiscal reports under local GAAP, is about to configure their General Ledger.
Given the following:
Subledgers transferring to general ledger must use the local currency.
There is a requirement to report to the parent company (not local currency) using International
Financial Reporting Standards (IFRS).
Which two ledger types should be configured to address this reporting requirement? (Choose two.)
A. a secondary ledger with the IFRS accounting convention
B. a primary ledger with the IFRS accounting convention
C. a primary ledger with the local accounting convention
D. a reporting currency with the local accounting convention
E. a reporting currency with the IFRS accounting convention

Answer 19

A, C

Question 20

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

Answer 20

B

Question 21

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. Run Closing Status reports
C. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to
view the status of each period
D. Use Close Monitor in General Accounting Dashboard

Answer 21

D

Question 22

When will Intercompany processing balance a journal using the accounts identified here for the UK
Ledger?
Check image Q22
a. when the journal is balanced by second balancing segment value
b. when the journal is balanced by the primary BSV but not by second or third BSV
c. when the journal is not balanced by the primary balancing segment value (BSV)
d. when there is a many-to-many journal and you want to use a clearing company

Answer 22

B

Question 23

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. Change and save the segment qualifier.
B. Delete the segment and create a new segment with the correct qualifier.
C. Create a new chart of accounts.
D. Delete the chart of accounts and create a new one.

Answer 23

C

Question 24

Which feature outside of reporting and analysis leverages the Essbase cube?
A. calculation manager to perform allocations based on multidimensional balances and budgets
B. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes
in sync
C. journal entries and journal approval to create journals that update balances to the cube
directly
D. revaluations and translation to revalue and translate currencies stored in the Essbase cube

Answer 24

A

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. Use Account Inspector that automatically creates graphs on financial balances
C. When viewing the report, download to Excel and use Excel's Charting features to create your
bar graph
D. Use Smart View, which is an Excel Add-on

Answer 25

A

Question 26

You want to process multiple allocations at the same time. What feature do you use?
A. Point of View (POV)
B. General Ledger journal entries
C. RuleSets
D. Formulas

Answer 26

C

Question 27

Which two are valid Data Access Set types? (Choose two.)
A. Read and Write access
B. Read Only access
C. Primary Balancing Segment Value
D. Full access
E. Full Ledger

Answer 27

C,E

Question 28

Which tool can you use to create a Financial Income Statement?
A. Rapid Implementation Enterprise Structures setup
B. One View Reporting
C. Account Inspector
D. PS/nVision

Answer 28

C

Question 29

In which two ways can your users personalize the Springboards and Work Areas to suit their
individual working styles? (Choose two.)
A. They can use "+" under the Apps section of the News Feed homepage
B. They can have the System Administrator configuring pages for them using Page Composer
C. They can format certain tables by hiding and showing columns, moving columns, and resizing
columns
D. Users have very little control configuring their Springboards and Work Areas; they can only
resize columns

Answer 29

A, C

Question 30

Which three objectives must be considered when designing the chart of accounts? (Choose three.)
A. Limit the number of segments to those you need today to reduce data entry
B. Effectively manage an organization's financial business
C. Anticipate growth and maintenance needs as organizational changes occur
D. Try to use all 30 segments and 25 characters per segment because you cannot change it
later
E. Consider implementing a single, global chart of accounts

Answer 30

B, C, E

Question 31

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

A. Chart of Accounts
B. Account Rules
C. Supporting Reference
D. Accounting Date
E. Journal Line Rules

Answer 31

B, C, E

Question 32

On a primary ledger in the system options close section, the following field has been selected ‘Prevent General Ledger Period Closure When Open Subledger Periods Exist’.
For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)

A. Receivables
B. Assets
C. Receipt accounting
D. Order Management
E. Revenue Management

Answer 32

A, B, E

Question 33

You want to automatically post journal batches imported from subledger source to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your sub ledgers and general ledger. Which two aspects would you consider when defining your AutoPost Criteria?

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. Include all of your sub ledger sources in the AutoPost criteria. Divide up criteria sets by subledger source only if you need to schedule different posting times.
C. Create your AutoPost criteria using minimal source and categories..
D. Schedule your AutoPost criteria set to run during off-peak hours only.

Answer 33

A, B

Question 34

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

A. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
B. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
C. by using the Close Status monitor to drill down on the close status across ledgers
D. by running the Journals report using Business Intelligence Publisher

Answer 34

B

Question 35

Your customer has a number of Chart of Account Mapping Rules for their Primary and Secondary ledgers. You decide to use the FBDI template to load the rules.
Which two statements are true when using this method of entry? (Choose two.)

A. It supports external integration using REST services.
B. You can create, update, and delete segment rules for a chart of accounts mapping.
C. You can create, update, and delete account rules for a chart of accounts mapping.
D. You can download the template only from the Manage Chart of Accounts Mappings page.

Answer 35

B, C

Question 36

Which two allow access to the BI Catalog for creating an Oracle Transactional Business Intelligence analysis? (Choose two.)
A. Reports and Analytics
B. Scheduled Processes
C. Business Process Management Workspace
D. Universal Content Management Workspace
E. Enterprise Performance Management Workspace

Answer 36

A, E

Question 37

What are the two purposes of a secondary ledger? (Choose two.)

A. It should only be used to main balances for processing performance
B. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
C. It should not be used when trying to meet local accounting requirements
D. It is used to main balances in a different currency only
E. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

Answer 37

B, E,

Question 38

You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
A. Hierarchies for reporting and allocations have to be published to Essbase cubes.
B. You can have only one version of a hierarchy published to the Essbase cube at any time.
C. Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
D. Child values in these hierarchies can belong to only one parent.

Answer 38

A, D

Question 39

Most of the accounting entries for transactions form your source system use TRANSACTION_AMOUNT 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?

A. Journal Line Rule
B. Journal Entry
C. Event Type
D. Journal Entry Rule Set
E. Event Class

Answer 39

A

Question 40

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. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
B. Use OTBI to create multiple reports that you save to a folder that only the users can access
C. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
D. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
E. Use a report batch to run reports at a specific time to create a set of snapshot reports

Answer 40

A, E

Question 41

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 Monitor
D. Account Inspector
E. Smart View

Answer 41

C, D, E

Question 42

Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), 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?
A. 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.
B. You should assign a balancing segment value to identify each legal entity in each ledger.
C. 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 and France ledgers.
D. You should assign a balancing segment value to identify each legal entity in the US ledger.

Answer 42

A

Question 43

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
A. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
B. The unmapped segments default to future use segments in Hyperion Financial Management
C. No data is transferred
D. Data is summarized across segments that are not mapped to Hyperion Financial Management

Answer 43

D

Question 44

Which feature outside of reporting and analysis leverages the Essbase cube?

A. revaluations and translation to revalue and translate currencies stored in the Essbase cube
B. journal entries and journal approval to create journals that update balances to the cube directly
C. Calculation manager to perform allocations based on multidimensional balances and budgets
D. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync

Answer 44

C

Question 45

You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A. Only specify segment values in formulas
B. Specify Run Time Prompts (RTP)
C. Always use the Outer Point of View (POV)
D. Never use the Outer Point of View (POV)

Answer 45

C

Question 46

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. Direct budget balance updates from a Financial Statement in Smart View
D. Application Development Framework Desktop Integration (ADFdi)

Answer 46

A

Question 47

You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.

What should you configure?

A. a Provider and Receiver distribution set
B. the Transaction Account Definition
C. the AutoAccounting Definition
D. Intercompany transaction type default accounts

Answer 47

A

Question 48

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle’s recommended method to define this chart of accounts?
A. Define the company segment and assign both the primary balancing segment and intercompany segment labels.
B. Share the same value set for the company and intercompany segments.
C. Create two different value sets for the company and intercompany segments.
D. Define the intercompany segment with a default value.

Answer 48

C

Question 49

Which two statements are true regarding the Translation process? (Choose two.)
A. Any resulting offset from the translation is entered in the Cumulative Translation Adjustment account.
B. The Translation process can only be used to translate balance sheet accounts.
C. If necessary, before submitting the Translation process, the Revaluation process should be completed.
D. The Translation process should be run before posting Period Close adjustment entries.
E. The Translation process can only be used for translating the balances of Secondary ledgers.

Answer 49

A, C

Question 50

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. Create your AutoPost criteria using minimal sources and categories
B. 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
C. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are included in the posting process
D. Schedule your AutoPost Criteria set to run during off-peak hours only

Answer 50

B, C

Question 51

You are defining an 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?

A. Drill Through in Grid Properties
B. Nothing. All report balances are drillable in all FR Studio reports
C. Report Functions
D. Allow Expansion

Answer 51

A

Question 52

Which tool can you use to create a Financial Income Statement?

A. PS/nVision
B. One View Reporting
C. Account Inspector
D. Rapid Implementation Enterprise Structures setup

Answer 52

C

Question 53

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?

A. Run Revaluation to translate into Statistical Currency
B. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
C. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency
D. Run Revaluation as often as you need to the more stable currency and report on the more stable currency’s balances

Answer 53

C

Question 54

On which three occasions are Essbase balances updated? (Choose three.)
https://support.oracle.com/epmos/faces/DocumentDisplay?_afrLoop=57429499689318&parent=EXTERNAL_SEARCH&sourceId=REFERENCE&id=1562009.1&_afrWindowMode=0&_adf.ctrl-state=162h8qps6s_4
A. every time you run the batch program called “Update Essbase Balances”
B. every time you open a new period
C. at report run-time
D. every time journals are posted to the general ledger
E. every time the tree version is published

Answer 54

B,D,E

Question 55

What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA)? (Choose three.)

A. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance
B. OTBI allows you to create user-defined 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. Cloud customers can use both OTBI and OBIA
E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Answer 55

B, C, E

Question 56

You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts.
You are not able to assign an Account Type. What is the reason for this?

A. You have not set the Allow Budgeting attribute for the value set
B. The Account Type qualifier has not been enabled when defining the value set
C. You are creating values before assigning the value set to the structure
D. You have not set the Allow Posting attribute for the value set

Answer 56

C

Question 57

What are the two benefits of having the Essbase cube embedded in Oracle General Ledger (GL)? (Choose two.)

A. You can access real-time results for reporting and analysis because the multidimensional balances are updated on journal posting
B. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts
C. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
D. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

Answer 57

A, D

Question 58

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 subsidiary. Any eliminating entries can be entered in yet another separate balancing segment
B. Use Oracle Hyperion Financial Management for this type of complex consolidation
C. 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
D. Define multiple ledgers for consolidation and report on ledger set

Answer 58

A

Question 59

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

A. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
B. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
C. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions.
D. 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.
E. This report displays the intercompany receivables and intercompany payables balances in summary for a period.

Answer 59

B, E

Question 60

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business 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.)

A. Define budgetary control at ledger level and only encumbrance controls at the business units.
B. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.
C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.
D. While defining control for business unit one, disable control for Procurement, Expense Management, Payable Invoicing, and Receiving.
E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.
F. Define control for business unit two to disable control for Requisitioning, Procurement, Expense Management, and Receiving.

Answer 60

D, F

Question 61

Your new accountants 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 n.
What feature can you use to be proactively notified of account anomalies in a more timely manner?

A. Financial Reports with Embedded charts
B. Smart View
C. Account Monitor
D. Account Inspector and its charts

Answer 61

C

Question 62

You want to achieve multi-step cascading allocations, which feature do you use?

A. RuleSets
B. Formulas
C. Point of View (POV)
D. General Ledger journal entries

Answer 62

A

Question 63

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.)

A. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
B. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
C. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
D. Use a report batch to run reports at a specific time to create a set of snapshot reports
E. Use OTBI to create multiple reports that you save to a folder that only the users can access

Answer 63

B, D

Question 64

The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry?

A. Journal Balances Rule
B. Journal Entry Rule Set
C. Journal Line Rule
D. Journal Accounting Rule
E. Account Rule

Answer 64

B

Question 65

You want to prevent intercompany transactions from being entered during the last day of the close.
Assuming Intercompany and General Ledger use the same calendar what should you do?

A. Close the General Ledger period in the Manage Accounting Periods page
B. Close Intercompany periods in Oracle Intercompany
C. Close all intercompany subledger periods
D. Freeze the Intercompany journal source in General Ledger

Answer 65

B

Question 66

In Financials Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three)
A. Smart View
B. Financial Reporting Studio
C. Application Composer
D. Oracle Transactional Business Intelligence
E. Oracle Enterprise Repository

Answer 66

A, B, D

Question 67

You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
A. Set up a chart of accounts rule for every chart of accounts structure you have to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
B. You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.
C. 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.
D. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

Answer 67

A, B

Question 68

Question 68:
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 01-000-7640-00Which two statements are true regarding cross-validation rules? (Choose two.)
A. The rules validate and apply to new accounts only
B. You need to run the Cross-Validation Rule Violations to list and optionally disable combinations that violate rules
C. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
D. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instanceE. The rules will validate and apply to new and existing accounts

Answer 68

A, B

Question 69

Question 69:
You have exported data from your budgeting application into a .csv file. What should you use to load that data into General Ledger?
A. The budget journal spreadsheet
B. Enterprise Resource Budget Integrator
C. File Based Data Import
D. Application Developer Framework Desktop Integrator

Answer 69

C

Question 70

Question 70:
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?
A. The purchase order is Open and the invoice is Validated
B. Both are reserved
C. Both are Partially Reserved
D. The purchase order is Partially Liquidated and the invoice is Partially Reserved
E. The purchase order is Liquidated and the invoice is Partially Reserved
F. The purchase order is Partially Liquidated and the invoice will be Reserved

Answer 70

F

Question 71

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 Supporting References with balances
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. Define Journal Conversion Rules that exclude subledgers
E. Assign a Subledger Accounting Method to the secondary ledger

Answer 71

C, E

Question 72

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)
A. Detach the table to resize it to the maximum size of the monitor
B. Run a Business Intelligence Publisher report with Excel as the output format
C. Export the table to Excel
D. Use the Freeze feature on the tables to scroll through large amounts of data

Answer 72

A, C

Question 73

Encumbrance accounting is enabled for your ledger. An encumbrance 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?
A. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
B. The system date was set up under the encumbrance accounting Default Date Rule.
C. The actual accounting date was set up under the encumbrance accounting Default Date Rule.
D. The subledger accounting option is set to system date.
E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.

Answer 73

B

Question 74

Your customer has many eliminating entries to eliminate intercompany balances.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Use the General Ledger’s Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
B. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
C. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period.
D. Use the spreadsheet template that is accessed from the “Create Journal in Spreadsheet” task and import the spreadsheet with the eliminating entries every period.

Answer 74

A

Question 75

Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost centre segment and program segment levels.
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. Additional intercompany balancing and clearing options will need to be defined
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 75

A, B

Question 76

You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to view the supporting reference balances?
(https://docs.oracle.com/en/cloud/saas/financials/24a/ocuar/use-the-supporting-references-report.html#s20062186 )
A. an Account Group
B. an OTBI analysis
C. a SmartView analysis
D. General Ledger inquiries and reports

Answer 76

B

Question 77

Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)
(https://docs.oracle.com/en/cloud/saas/financials/24a/faigl/overview-of-oracle-general-ledger-balances-cubes.html#s20034799 )
A. They are updated automatically when the General Ledger period is opened
B. New dimensions can be added to a General Ledger Balances Cube
C. They are updated automatically when the Revaluation process is run
D. A new Balances Cube is created for a unique combination of Ledger and Currency
E. They are updated automatically when the Translation process is run

Answer 77

A, E

Question 78

Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.)
(https://docs.oracle.com/en/cloud/saas/financials/24a/faiex/options-for-setting-up-spend-authorizations-with-budgetary.html#s20066682
A. Enable Payment Request Subtypes
B. Rebuild the GL Balances Cube
C. Create a Payment Process Profile
D. Rebuild the Budgetary Control Cube
E. Enable spend authorization

Answer 78

Answer: A, D, E (A, E confirmed in reference link D is a calculative guess)

Question 79

You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all intercompany transactions.
What should you configure?

A. a Provider and Receiver distribution set
B. Intercompany transaction type default accounts
C. the AutoAccounting Definition
D. the Transaction Account Definition

Answer 79

A

Question 80

Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product
B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects
C. Each product has its own Intercompany Accounting feature that needs to be configured separately
D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals

Answer 80

B, D

Question 81

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. Approval Groups
B. Dynamic Approval Groups
C. Supervisory level approval
D. Management Chain approval

Answer 81

C

Question 82

Which two statements are true regarding how Intercompany Balancing Rules are defined? (Choose two.)

A. All ledgers engaged in an intercompany transaction must share the same chart of accounts to define balancing rules
B. You can only define balancing rules for different journal’s sources. You cannot define balancing rules for different journal categories
C. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values
D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

Answer 82

C, D

Question 83

You create an invoice for USD 100 that is matched to a purchase order of 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?
(https://docs.oracle.com/en/cloud/saas/financials/23d/fappp/what-happens-if-i-cancel-an-invoice.html#s20030717 )
A. The budget and funds available will increase by USD 100
B. Funds available will change when the invoice is approved
C. The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed by USD 100
D. The budget will increase by USD 100 and the funds available will decrease by USD 100

Answer 83

C

Question 84

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that? (Choose two.)

A. The Account Rule’s conditions are not defined
B. The Account Rule’s chart of accounts has no account values assigned
C. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set
D. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set

Answer 84

C, D

Question 85

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. Financial Reporting Studio
B. Account Inspector
C. Smart View
D. Financial Statement Generator

Answer 85

A, C

Question 86

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

A. Accounting Calendar
B. Legal Entities, Business Units, and Chart of Accounts
C. Chart of Accounts
D. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
E. Chart of Accounts and Business Units

Answer 86

A, C

Question 87

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

A. Create an Account Group using Account Monitor
B. Use Account Inspector
C. Open a Smart View file saved on your desktop
D. Perform an account analysis online

Answer 87

a

Question 88

You are using Oracle General Ledger (GL), 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?

A. Opt in to the Prevent Period Close option for the offering
B. Set the relevant option on the Specify Ledger Options page
C. Nothing, this option is enabled automatically
D. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes

Answer 88

B

Question 89

You want to monitor the close process of all 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 89

D

Question 90

You are defining an 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?

A. Nothing. All report are drillable
B. Drill Through in Grid Properties
C. Drill Down in Report Functions
D. Allow Expansion in Report Functions

Answer 90

B

Question 91

You are reconciling your 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?

A. Aging Reports
B. Journals Reports
C. Account Analysis Reports
D. Journals Day Book Report

Answer 91

D

Question 92

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

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

Answer 92

A, B, E

Question 93

You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

A. Two tree versions were not defined
B. Chart of accounts was not deployed
C. Accounting Configuration was not submitted
D. An Audit process needs to be successfully performed before a tree version can be set to Active

Answer 93

D

Question 94

Your customer has 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?

A. Only obligation type will have $400 USD funds available
B. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD
C. $400 USD will be added back to available funds
D. Invoice type will have less funds available by $400 USD
E. $400 USD will be expired and not available for use

Answer 94

C

Question 95

Question 95:

When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two). (https://docs.oracle.com/en/cloud/saas/financials/23c/faugl/overview-of-financial-reporting-center.html#s20033201 )

A. Financial Reporting Studio
B. Smart View
C. Oracle Financial Statement Generator
D. Financial Reporting Center

Answer 95

A, B

Question 96

Your company has a legal 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?

A. One, because they can all share the same chart of accounts
B. Three, because each requires a different currency
C. Two, because the US and Canada can share the same ledger because they are in North America
D. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer 96

B

Question 97

The general accountant is trying to update the cost 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?

A. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
B. The general accountant has a segment value security rule assigned which restricts access to that cost center
C. There is a primary balancing segment attached to the legal entity of the primary ledger
D. A cross validation rule is in place to prevent the resulting combination from being created

Answer 97

B

Question 98

need to build a complex account rule. Which four value types can you use in your definition?

A. Value Set
B. Constant
C. Existing Account Rule
D. Account Combination
E. Mapping Set
F. Source

Answer 98

B, C, E, F

Question 99

Your user forgot the password. How do you resolve this?
(https://docs.oracle.com/cd/E21764_01/doc.1111/e15477/pwd.htm#IMINT236 )
A. Use the Manage Users page to update the user’s information and change the password.
B. Use Oracle Identity Management (OIM) to reset the user’s password.
C. Log in to the user’s machine as an Administrator and change the password from the login password.
D. Use Access Policy Manager (APM) to reset the user’s password. e) Create a new user ID and password for the user.

Answer 99

B

Question 100

Your user forgot the password. How do you resolve this?

A. Use the Manage Users page to update the user’s information and change the password.
B. Use Oracle Identity Management (OIM) to reset the user’s password.
C. Log in to the user’s machine as an Administrator and change the password from the login password.
D. Use Access Policy Manager (APM) to reset the user’s password. e) Create a new user ID and password for the user.

Answer 100

B

Question 101

Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).

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

Answer 101

A, C, D

Question 102

Which two delivered roles can access the full functionality of Functional Setup Manager,

A. Application Implementation Manager
B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any functional user
E. IT Security Manager

Answer 102

A, C

Question 103

Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only this for General Ledger balances and reporting.
What two security features should you use?

A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security
D. Balancing Segment Value Assignment to Legal Entities

Answer 103

A, C

Question 104

You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)

A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users and products.
C. 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.
D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.

Answer 104

A, C

Question 105

Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?
A. Create an annual budget with absolute control and so encumbrance accounting will work.
B. Create a summary budget annually with advisory control and control budget monthly with absolute control.
C. Create a summary budget annually with absolute control and monthly control budget with advisory or track control.
D. Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
E. Create two detail control budgets: annually with advisory/track control and monthly with absolute control.

Answer 105

C

Question 106

User has enabled encumbrance accounting. Has a control budget with the advisory level set at control. For November 2015, the budget for a given combination is approved requisition of $900 USD and user has an approved
purchase order of $2,500 USD. An adjustment encumbrance journal is created in the General Ledger for the obligation type for $1,600 USD. User then cancelled the approved line of $400 USD. For November 201b, user created a new invoice by matching to the
PO for $2,100 USD.
Which two statements are true?

A. Purchase order encumbrance will be released for $2100 USD.
B. As there are cancellations for $400 USD, the system will partially reserve the funds in November 2015 and fully reserve it in December 2015.
C. As user is matching to a purchase order, the system will allow the user to create an invoice with the reservation status of Reserved.
D. Encumbrance entries are created only for nonmatched Invoices, so the system will not create any encumbrance accounting entries.
E. The system always consumes budget of future periods if the limit for the current period is expired, so December 2015 budget will be considered for reservation.

Answer 106

A,C

Question 107

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 three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively
B. Define three segments tor 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 four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
D. 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.

Answer 107

D

Question 108

You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?
A. complete Accounting Configuration
B. Suppliers and Customers
C. Banks, Bank Accounts, and Branches
D. chart of account values, accounting calendar, and ledger
E. setup data for Receivables and Payables product.

Answer 108

B, C, D

Question 109

What are three functions of Functional Setup Manager.

A. Provide a central place to access and perform all of the setup steps across Fusion application product
B. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
C. Automatically mark the status of tasks as Completed after they have been completed.
D. Assign setup tasks to individuals with due dates where users must manually update their completion status.
E. Centrally manage the close processes across subledgers and ledgers.

Answer 109

A, B, D

Question 110

Who are the three primary Functional Setup Manager Users?

A. Implementation Project Manager
B. System Administrator
C. Functional Users/End User that perform transaction processing
D. Application Developers
E. C – Level Executives

Answer 110

A, B, C

Question 111

You need to define multiple allocation rules as efficiently as possible.
Which three components can be reused across allocation rules?
(https://docs.oracle.com/en/cloud/saas/financials/23c/faigl/design-an-allocation-rule.html#s20036068 )
A. Point of View (POV)
B. Run Time Prompts (RTP)
C. Formulas
D. RuleSets

Answer 111

A, C, D

Question 112

You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
(https://docs.oracle.com/en/cloud/saas/financials/24a/faigl/considerations-for-using-account-hierarchies.html#s20034736 )
A. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes.
B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C. The tree should have at least two tree versions to reduce report and allocation maintenance.
D. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
E. It is fine to have the same child value roll up to two or more different parent values.

Answer 112

A, C, D

Question 113

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts. What is the solution?

A. Use the Open Account Balances Listing report that has balances by customer.
B. Use the Third Party Control Account feature.
C. Use Supporting References to capture customer classification information.
D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).

Answer 113

C

Question 114

You customer has only licensed Fusion Financials and wants to use approval workflows. Using which page to enter users and assign roles does Oracle consider best practice?
(https://docs.oracle.com/cd/E52734_01/oim/OMADM/workflowrules.htm )
A. Manage User
B. Hire a New Employee
C. Oracle Identity Management (OIM)
D. Policy Manager (APM)
E. Financial not a stand-alone product

Answer 114

C

Question 115

Identify three functions of Functional Setup Manager.
A. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
B. Provide a central place to access and perform all of the setup steps across Cloud application products.
C. Automatically mark the status of tasks as Completed after they have been completed.
D. Assign setup tasks to individuals with due dates where users must manually update their completion status.
E. Centrally manage the close processes across subledgers and ledgers.

Answer 115

A, B, D

Question 116

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

A. 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 with the balancing segment value of the legal entity with which you are trading.
B. 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.
C. 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.
D. 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 you define.

Answer 116

A

Question 117

Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. Reference Data Sets
B. Business Units functions
C. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
D. Data Access Sets

Answer 117

A

Question 118

Your customer is having issues transferring intercompany transactions to General Ledger.
Identify three reasons for this.

A. The intercompany transaction is not approved.
B. The corresponding Payables and Receivables invoice have not been generated.
C. If they are different, then the exchange rate is missing between the intercompany and ledger currency.
D. The intercompany period is closed.
E. Both the intercompany and general ledger periods are open.

Answer 118

A, B, C

Question 119

You created your first Implementation Project and assignedthe Application Implementation Consultant role to your user. However, you are unable to access Oracle Identity Management (OIM).This issue was caused because you did not assign the __________.

A. Line Manager role to your user
B. Application Implementation Manager role to your user
C. IT Security Manager role to your user
D. Superuser role to your user

Answer 119

C

Question 120

You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practices for streamlining this process?

A. Define separate revaluation definitions for each class of accounts, currency, and different rate types.
B. Use hierarchies and parent values in your revaluation definition.
C. Share revaluation definitions across ledgers that share the same chart of accounts.
D. Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply change the parameters at run time.

Answer 120

B, C