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

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?

Application Development Framework Desktop Integration (ADFdi)

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

by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other

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 Close Status monitor to drill down on the close status across ledgers

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?

View the Projected Balances region in the Create Journals page

Query the account balance online

Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances

Run a Trial Balance before and after posting

On which three occasions are Essbase balances updated? (Choose three.)

every time the tree version is published

every time journals are posted to the general ledger

every time you run the batch program called “Update Essbase Balances”

every time you open a new period

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

A Data Access Set with full read/write access to the ledger is automatically created

You must assign the job role and data security context to each user

You must re-deploy the chart of accounts

You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration

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?

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

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.)

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

The Account Rule’s conditions are not defined

The Account Rule’s chart of accounts has no account values assigned

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

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

Use Close Monitor in General Accounting Dashboard

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

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

Posting performance is much faster

Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

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?

The purchase order is Partially Liquidated and the invoice is Partially Reserved

A. The purchase order is Liquidated and the invoice is Partially Reserved

A. The purchase order is Partially Liquidated and the invoice will be Reserved

In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

Oracle Transactions Business Intelligence

A. Oracle Enterprise Repository

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

A. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

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

A. It should not be used when trying to meet local accounting requirements

A. It is used to main balances in a different currency only

A. It should only be used to main balances for processing performance

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. Online Transactional Business Intelligence

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

A. Application Development Framework Desktop Integration Budget Balances Report

Your customer has many eliminating entries to eliminate intercompany 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?

A. Use the General Ledger’s Calculation Manager to define an allocation definition to eliminate entries that you can generate every period

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

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

A. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period

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?

A. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100

A. Funds available will change when the invoice is approved

A. The budget will increase by USD 100 and the funds available will decrease by USD 100

A. The budget and funds available will increase by USD 100

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle’s recommended practice when this occurs?

A. Rerun Translation and then reconsolidate your results

A. Translate only the adjusting journal entry

A. Rerun Revaluation and then rerun Translation

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

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. 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

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

A. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting

A. 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

During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted.

A. Delete the chart of accounts and create a new one.

A. Create a new chart of accounts.

A. Delete the segment and create a new segment with the correct qualifier.

A. Change and save the segment qualifier.

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

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

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

A. 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

A. Define Ledger balancing options to balance by second and third balancing segments

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

A. Control budgets are always absolute to generate encumbrance accounting

A. A control budget can allow override rules only if the control level is absolute

A. A control budget can be associated with a different calendar than accounting calendar

A. The control budget structure has all the chart of account segments as budget segments

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

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 (XCC_IMPORT_BUDGET_PRIV)

A. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)

A. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)

A. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)

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. $400 USD will be added back to available funds

A. Invoice type will have less funds available by $400 USD

A. $400 USD will be expired and not available for use

A. Only obligation type will have $400 USD funds available

A. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD

You want to enter budget data in General Ledger Cloud. Which method is not supported?

A. Application Development Framework Desktop Integration (ADFdi)

A. Direct budget balance updates from a Financial Statement in Smart View

Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

A. General Ledger – Journals Real Time

A. General Ledger - Journal Transaction Balances Real Time

A. General Ledger – Journal Balances Real Time

A. General Ledger – Summary Journals Real Time

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

A. Close the General Ledger period in the Manager Accounting Periods page

A. Freeze the Intercompany journal source in General Ledger

A. Close Intercompany periods in Fusion Intercompany

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. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

A. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment

A. Define two different charts of accounts

share the same value set for the company and the intercompany

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

A. Open a Smart View file saved on your desktop

A. Perform an account analysis online

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

A. Financial Reports with Embedded charts

A. Account Inspector and its charts

Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI). Which represents the appropriate upload steps?

A. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.

A. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.

A. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.

A. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.

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

A. Specify Run Time Prompts (RTP)

A. Never use the Outer Point of View (POV)

A. Always use the Outer Point of View (POV)

A. Only specify segment values in formulas

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

A. Assign a Subledger Accounting Method to the secondary ledger

Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

A. Define Journal Conversion Rules that exclude subledgers

A. Define Supporting References with balances

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

A. They can use Personalization to move and remove regions from those pages

A. They can format each table by hiding and showing columns, moving columns, and resizing columns

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

A. They can have the System Administration customize pages for them using Page Composer

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

A. Legal Entities, Business Units, and Chart of Accounts

A. Chart of Accounts and Business Units

Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

A. Business Intelligence Administrator (BI Admin)

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

A. 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.

A. 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.

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

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletion process completes, what additional process must you run?

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

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

A. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

A. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given 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.)

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

A. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016

A. Funds reservation only happens for non-matched invoices, so the system will not reserve funds

A. 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 defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or a specific intercompany transaction type, such as Intercompany Sales. Which two statements are correct? (Choose two.)

A. You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.

A. 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.

A. 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.

A. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

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

whether to allow receivers to reject intercompany transactions

A. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

A. automatic or manual batch numbering and the minimum transaction amount

A. the approvers who will approve intercompany transactions

automatic or manual batch numbering and the maximum transaction amount

Oracle GL implementer

Authored by Florencia Cabrera

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MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

MULTIPLE SELECT QUESTION

30 sec • 1 pt

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

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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?

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.)

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)

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

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?

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.)

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

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?

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?

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

Access all questions and much more by creating a free account

Popular Resources on Wayground

Discover more resources for Other

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.)

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.)