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1. You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values.
What are two reasons for this?
A) Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
B) A value for the budget scenario is not created.
C) The Create Scenario Dimension Members program has not been run.
D) Budgeting is not enabled in the Ledger options.
E) Transfer Budget Balances to Budget Cubes has not been run.
2. You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
A) Child values in these hierarchies can belong to only one parent.
B) You can have only one version of a hierarchy published to the Essbase cube at any time.
C) Hierarchies for reporting and allocations have to be published to Essbase cubes.
D) Hierarchies for reporting and allocations do not have to be published to Essbase cubes.
3. Which two statements are true about the Intercompany Reconciliation report?
A) It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
B) You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.
C) It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
D) It displays the intercompany receivables and intercompany payables balances in summary for a period.
E) It displays all clearing company balancing lines for a period.
4. Manage Chart of Accounts Structure and Instance
Scenario
Your client is implementing Oracle Fusion Cloud Financials. The decision is to have a 5-segment Chart of Accounts: Company, Cost Center, Account, Product, and Intercompany. You are working in the General Ledger team and will be responsible for creating the Chart of Accounts Structure and Instance for the Chart of Accounts.
Task 1
Create a Chart of Accounts Structure and Instance for the following Chart of Accounts:
Note:
Prefix all your setups with 07, where 07 is your candidate ID
There is one balancing segment.
Choose the appropriate segment labels.
. For the purpose of this test there is no need to deploy the flexfield.
. Valid code combinations should be added to the Code Combination table automatically.
Shorthand aliases will not be implemented.
. Accept the defaults for the instance segments.
5. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
A) FBDI level
B) Balance level
C) Adjustment only level
D) Journal level
E) Subledger level
Solutions:
| Question # 1 Answer: B,C | Question # 2 Answer: A,B | Question # 3 Answer: C,D | Question # 4 Answer: Only visible for members | Question # 5 Answer: C |
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