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Total 149 Questions | Updated On: Nov 20, 2024

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Question 1

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 : 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.

C : 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.

D : Use Oracle Hyperion Financial Management for this type of complex consolidation.

Answer: A

Question 2

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

A : Users have very little control their Springboards and Work Areas; they can only resize columns

B : They can use Personalization to move and remove regions from those pages

C : They can have the System Administration customize pages for them using Page Composer

D : They can format each table by hiding and showing columns, moving columns, and resizing columns

Answer: B,D

Question 3

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 : Primary Balancing

B : Intercompany Segment

C : Secondary Balancing

D : Cost center

E : Natural Account

Answer: A,D,E

Question 4

Your customer is planning to have three balancing segments for generating balance sheets and income

statements at cost center segment and program segment levels.

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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: A,B

Question 5

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

A : Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage

B : CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers

C : CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

D : If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Answer: C

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Total 149 Questions | Updated On: Nov 20, 2024

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