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NEW QUESTION # 52
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. Smart View
- B. Sunburst reports
- C. Account Inspector
- D. Account Monitor
- E. Online Transactional Business Intelligence
Answer: A,C,D
NEW QUESTION # 53
You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?
- A. Use Account Inspector
- B. Create an Account Group using Account Monitor
- C. Open a Smart View file saved on your desktop
- D. Perform an account analysis online
Answer: B
Explanation:
The most efficient way to be notified of anomalies in certain account balances in real time is to create an Account Group using Account Monitor. Account Monitor is a tool that allows you to monitor key account balances in real time and compare them to predefined thresholds. You can set up alerts to notify you when an account balance exceeds or falls below a certain percentage or amount. You can also drill down to the underlying transactions and subledger details to investigate the cause of the account anomalies. Using Account Inspector is not an efficient way to be notified of anomalies in certain account balances in real time, as this involves selecting an account or an account group and viewing its balance and components manually. Opening a Smart View file saved
NEW QUESTION # 54
You have noticed that a lot of erroneous address data is being saved. You want to ensure that only valid addresses are entered in the system.
How do you achieve this?
- A. Define the geography validation for country option to No Validation.
- B. Define the geography validation for country option to Error.
- C. Redefine the location structure.
- D. Redefine the geography hierarchy.
Answer: B
Explanation:
To ensure that only valid addresses are entered in the system, you should define the geography validation for country option to Error. This option determines how geography validation is performed when users enter addresses in various applications. If you set this option to Error, then users can only enter addresses that match predefined geographies in the Geography Hierarchy. If users enter invalid addresses, they will receive an error message and will not be able to save the address until they correct it. You do not need to redefine the location structure, as this is a feature that defines how locations are identified and organized in Oracle Fusion Applications. You do not need to redefine the geography hierarchy, as this is a feature that defines how geographies are structured and validated in Oracle Fusion Applications. You do not need to define the geography validation for country option to No Validation, as this option disables geography validation and allows users to enter any address without checking against predefined geographies. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Enterprise Structures 12
NEW QUESTION # 55
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. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- B. Chart of Accounts
- C. Chart of Accounts and Business Units
- D. Legal Entities, Business Units, and Chart of Accounts
- E. Accounting Calendar
Answer: B,E
NEW QUESTION # 56
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. Assign a Subledger Accounting Method to the secondary ledger
- 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. Define Supporting References with balances
Answer: A,C
Explanation:
you need to define journal conversion rules that include subledgers in order to transfer subledger transactions when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Journal conversion rules define how journal entries are converted from one ledger to another ledger. Therefore, option B is correct. You also need to assign a Subledger Accounting Method to the secondary ledger when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. A Subledger Accounting Method defines how accounting entries are generated for subledger transactions. Therefore, option D is correct. Option A is incorrect because you don't need to ensure that the Accounting Calendar and Currency are the same as the Primary Ledger when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. You can have different Accounting Calendar and Currency for your secondary ledger. Option C is incorrect because you don't need to define journal conversion rules that exclude subledgers when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. You need to include subledgers in your journal conversion rules. Option E is incorrect because you don't need to define Supporting References with balances when you set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Supporting References are used to store additional information for journal lines.
NEW QUESTION # 57
You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?
- A. Use Account Inspector
- B. Create an Account Group using Account Monitor
- C. Open a Smart View file saved on your desktop
- D. Perform an account analysis online
Answer: B
NEW QUESTION # 58
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. journal entries and journal approval to create journals that update balances to the cube directly
- B. calculation manager to perform allocations based on multidimensional balances and budgets
- C. revaluations and translation to revalue and translate currencies stored in the Essbase cube
- D. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
Answer: B
Explanation:
According to the Oracle documentation3, "Oracle Essbase is embedded within Oracle General Ledger and provides multidimensional balances cubes. Every time a transaction or journal is posted in General Ledger, the balances cubes are updated at the same time." Essbase balances cubes are used for interactive reporting and analysis, but also for performing allocations using calculation manager. Calculation manager enables you to create allocation rules that use balances and budgets from Essbase as sources and targets. The other options are not features that leverage Essbase cubes.
NEW QUESTION # 59
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.
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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.)
- A. Create a Payment Process Profile
- B. Enable Payment Request Subtypes
- C. Rebuild the GL Balances Cube
- D. Enable spend authorization
- E. Rebuild the Budgetary Control Cube
Answer: B,D,E
NEW QUESTION # 60
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. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet
- B. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
- C. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
- D. Use OTBI to create multiple reports that you save to a folder that only the users can access
- E. Use a report batch to run reports at a specific time to create a set of snapshot reports
Answer: C,E
Explanation:
you can use a report batch to run reports at a specific time to create a set of snapshot reports. A report batch is a collection of reports that you can schedule and run together. Therefore, option B is correct. You can also use Workspace to assemble multiple reports into a book that can be printed and viewed individually or as an entire book. A book is a collection of reports that you can organize into sections and chapters. Therefore, option C is correct. Option A is incorrect because BI Publisher is not an Oracle recommended way to create a month-end reporting package for an upcoming Audit Committee meeting. Option D is incorrect because Smartview is not an Oracle recommended way to create a month-end reporting package for an upcoming Audit Committee meeting. Option E is incorrect because OTBI is not an Oracle recommended way to create a month-end reporting package for an upcoming Audit Committee meeting.
NEW QUESTION # 61
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administrator configuring pages for them using Page Composer
- B. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
- C. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
- D. They can use "+" under the Apps section of the News Feed homepage
Answer: A,C
NEW QUESTION # 62
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 primary ledger with the IFRS accounting convention
- B. a primary ledger with the local accounting convention
- C. a reporting currency with the IFRS accounting convention
- D. a secondary ledger with the IFRS accounting convention
- E. a reporting currency with the local accounting convention
Answer: A,E
NEW QUESTION # 63
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on 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. While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving
- B. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
- C. Define budgetary control at ledger level and only encumbrance control at the business units
- D. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
- E. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving
- F. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit
Answer: B,E
Explanation:
To enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions for business unit one, you need to enable control at purchasing and define the exceptions to only include requisitioning. This will allow budgetary control to check funds availability only when requisitions are created or modified. To enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions for business unit two, you need to define control to disable control for Requisitioning, Purchasing, and Receiving. This will allow budgetary control to check funds availability only when invoices are created or modified. You do not need to define budgetary control at ledger level with Budgetary Control Exceptions for each business unit, as this is not a supported option. You do not need to enable control at Requisitioning and define the exceptions to only include invoicing for business unit two, as this will not achieve the desired result. You do not need to disable control for Purchasing, Payable Invoicing, and Receiving for business unit one, as this will not achieve the desired result. You do not need to define budgetary control at ledger level and only encumbrance control at the business units, as this is not a supported option. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Configure Budgetary Control 12
NEW QUESTION # 64
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. Run the "Segment Value Inheritance" program
- C. Deactivate the value
- D. Run the "Update Balance Cube Chart of the Accounting Dimension" program
Answer: A
Explanation:
you can use the Correct Misclassified Account program to change the account type of an account that was erroneously assigned. This program updates all balances for that account with the new account type and ensures that all existing reports reflect this change. Therefore, option C is correct. Option A is incorrect because deactivating the value will not change the account type of the account. Option B is incorrect because running the Segment Value Inheritance program will not change the account type of the account. Option D is incorrect because running the Update Balance Cube Chart of Accounting Dimension program will not change the account type of the account.
NEW QUESTION # 65
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger?
- A. Application Developer Framework Desktop Integrator
- B. Enterprise Resource Budget Integrator
- C. File Based Data Import
- D. The budget journal spreadsheet
Answer: A
NEW QUESTION # 66
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. Data is summarized across segments that are not mapped to Hyperion Financial Management
- B. The unmapped segments default to future use segments in Hyperion Financial Management
- C. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management
- D. No data is transferred
Answer: C
NEW QUESTION # 67
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. You have not set the Allow Posting attribute for the value set
- C. The Account Type qualifier has not been enabled when defining the value set
- D. You are creating values before assigning the value set to the structure
Answer: B
NEW QUESTION # 68
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. Define the intercompany segment with a default value.
- C. Share the same value set for the company and intercompany segments.
- D. Create two different value sets for the company and intercompany segments.
Answer: C
Explanation:
According to Oracle documentation3, Oracle's recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompany segment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.
NEW QUESTION # 69
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)
- A. They can have the System Administration customize pages for them using Page Composer
- B. They can format each table by hiding and showing columns, moving columns, and resizing columns
- C. They can use Personalization to move and remove regions from those pages
- D. Users have very little control their Springboards and Work Areas; they can only resize columns
Answer: B,C
NEW QUESTION # 70
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
- B. Smart View
- C. Account Inspector
- D. Account Monitor
Answer: A
Explanation:
"The Application Development Framework Desktop Integration Budget Balances Report is a spreadsheet-based report that you can use to view budget balances for a selected budget and period range." This feature does not belong on the list of features that can be used to view budget balances after loading your budget data into General Ledger Cloud. The other features are Account Monitor, Smart View, and Account Inspector, which are all tools that can access Essbase balances cubes and display budget information.
NEW QUESTION # 71
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 - Journal Balances Real Time
- B. General Ledger - Journal Transaction Balances Real Time
- C. General Ledger - Journals Real Time
- D. General Ledger - Summary Journals Real Time
Answer: C
Explanation:
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/r13-2018-financials-wn.htm#F4376 you can use the General Ledger - Journals Real Time subject area to drill down from OTBI General Ledger Reports to a General Ledger journal. This subject area provides information about journal entries and journal batches. Therefore, option D is correct. Option A is incorrect because the General Ledger - Journal Transaction Balances Real Time subject area provides information about journal transaction balances by ledger, chart of accounts, and currency. Option B is incorrect because the General Ledger - Journal Balances Real Time subject area provides information about journal balances by ledger, chart of accounts, and currency. Option C is incorrect because the General Ledger - Summary Journals Real Time subject area provides information about summary journals by ledger, chart of accounts, and currency.
NEW QUESTION # 72
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. Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting
- C. Two, because the US and Canada can share the same ledger because they are in North America
- D. Three, because each requires a different currency
Answer: A
NEW QUESTION # 73
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 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.
- B. Define three segments for 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, and natural account segment, and intercompany segment, respectively.
- D. 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.
Answer: A
Explanation:
"A chart of accounts segment is a component of the account combination. Each segment has a value set attached to it to provide formatting and validation of the set of values used with that segment." The qualifiers are used to identify the segments for reporting and processing purposes2. In this case, the company segment should be the primary balancing segment, which is used to balance journal entries and create trial balances. The department segment should be the cost center segment, which is used to track costs by organizational units. The natural account segment should be the natural account segment, which is used to classify transactions by account type. The intercompany segment should be the intercompany segment, which is used to identify transactions between different legal entities or business units.
NEW QUESTION # 74
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. Use Oracle Hyperion Financial Management for this type of complex consolidation.
- B. 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.
- C. 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
- D. 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.
Answer: C
NEW QUESTION # 75
You are trying to run a Financial Reporting Web Studio report from Financial Reporting Center. However, it is not appearing as a choice.
Which are two reasons for this? (Choose two.)
- A. You have not saved it in the Shared Folder/Custom/Financials directory.
- B. You have not uploaded it to Financial Reporting Center.
- C. You have not saved it in the MyFolders directory.
- D. You have not downloaded the report to your local drive.
Answer: B,C
Explanation:
According to Oracle documentation, two reasons why a Financial Reporting Web Studio report may not appear as a choice in Financial Reporting Center are: You have not saved it in the Shared Folder/Custom/Financials directory, and you have not uploaded it to Financial Reporting Center. Financial Reporting Web Studio enables you to design and generate reports with grids, charts, images, and text boxes using data from various sources. Financial Reporting Center enables you to access and run all types of reports from a single user interface. To make a Financial Reporting Web Studio report available in Financial Reporting Center, you must save it in the Shared Folder/Custom/Financials directory and upload it to Financial Reporting Center using Workspace. Therefore, options A and C are correct. Option B is incorrect because saving it in the MyFolders directory does not make it available in Financial Reporting Center. Option D is incorrect because downloading it to your local drive does not make it available in Financial Reporting Center.
NEW QUESTION # 76
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 BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances
- C. In Financials Cloud, you must manually reconcile your intercompany account balances
- D. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances
- E. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance
Answer: E
Explanation:
https://fusionhelp.oracle.com/helpPortal/topic/TopicId_P_9DAAC7706212CF48E040D30A6881766A
NEW QUESTION # 77
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