Oracle GL implementer

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 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

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.)

• Accounting Date

• Chart of Accounts

• Journal Line Rules

• Account Rules

• Supporting References

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. 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

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

• Cloud customers can use both OTBI and OBIA

• 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

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?

• Journal Source

• Journal Category

• Journal Batch

• Journal Description

Your customer wants to use a clearing company to automatically balance intercompany entries.

Which three statements are true regarding the use of a clearing company value? (Choose three.)

• You must map legal entities to balancing 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

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

• Anticipate growth and maintenance needs as 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

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?

• Drill Through in Grid Properties

• Nothing. All report balances are drillable in all FR Studio reports

• Allow Expansion

• Report Functions

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

• Budget Controller

• Budget Group

• Account Group

• Budget Account Group

• Application Development Framework Desktop Integration (ADFdi)

How can your Accounting Manager expedite journal 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