QUESTION: 1
Your
customer has only licensed Fusion Financials and wants to use approval
workflows. Using which page to enter users and assign roles does Oracle
consider best practice?
A. Manage Users
B.
Hire a New Ernployee
C. Oracle Identity
Management (OIM)
D. Policy Manager
(APM)
E. Financials not a
stand-alone product
Answer: C
QUESTION: 2
What's
the difference between subject areas that append the word "Real Time"
and those that do not?
A. There is no
difference.
B. The
“Real Time” subject areas are based on real-time transactions and all others
are based on Historical data.
C. The
“Real Time” subject areas are based on real-time transactions in Fusion
Applications, and all others are based on data stored in the Oracle Business
Intelligence Applications data warehouse.
D.
The “Real time” subject areas are based
on sub ledger transactions and all others are based on general ledger balances.
Answer: B
QUESTION: 3
You
transact in 50 different currencies and you need to define a high volume of
revaluation definitions. Which two methods are Oracle recommended best
practices for streamlining this process?
A. Define
separate revaluation definitions for each class of accounts, currency, and
different rate types.
B.
Use
hierarchies and parent values in your revaluation definition.
C.
Share
revaluation definitions across ledgers that share the same chart of accounts.
D.
Define one revaluation definition for
all accounts (assuming all ledgers share the same chart of accounts) and simply
change the parameters at run time.
Answer: B
QUESTION: 4
You
want to enter budget data in Fusion General Ledger. Which method is not
supported?
A. Smart View
B. Application
Development Framework Desktop Integration (ADFdi)
C.
File-based Data Import
D. Entering budget
Journals
Answer: D
Reference:
http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm
QUESTION: 5
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 recommend
approach to performing consolidations?
A. Use
Oracle Hyperion Financial Management for this type of complex consolidation.
B.
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.
C.
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.
D. 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 create a ledger set across all ledgers
and report on the ledger set.
Answer: D
QUESTION: 6
Identify three functions of Functional
Setup Manager.
A.
Provide a central place to access and
perform all of the setup steps across Fusion application product
B. Automatically
generate lists of setup tasks in the correct sequence with
dependencies highlighted.
C.
Automatically
mark the status of tasks as Completed after they have been completed.
D.
Assign
setup tasks to individuals with due dates where users must manually update
their completion status.
E. Centrally manage
the close processes across subledgers and ledgers.
Answer: A, B, E
QUESTION: 7
Your
customer is having issues transferring intercompany transactions to General
Ledger.. Identify three reasons for this.
A. The intercompany
transaction is not approved.
B. The
corresponding Payables and Receivables invoice have not been generated.
C. If they are
different, then the exchange rate is missing between the intercompany and
ledger currency.
D. The intercompany
period is closed.
E. Both the
intercompany and general ledger periods are open.
Answer: A, B, C
QUESTION: 8
You
need to create a month-end re-porting package for an upcoming Audit Committee
meeting. You have 10 financial reports that you will need to share with
executives and auditors. In which three ways do you accomplish this?
A. Using Workspace,
assemble multiple reports into a book.
B. Use
a Report Batch to run reports at a specific time to create set of snapshot
reports based on accounting information at that specific point in time.
C. Users can drill
down on snapshot reports for future analysis.
D.
The report contained in the book can be
printed or viewed individually or as an entire book thatincludes a table of
contents.
E. Snapshot reports
can only be viewed online.
Answer: A, B, D
QUESTION: 9
Your
customer is using budgetary control and encumbrance. You have an open purchase
order for $500 USD, which you decide to match to an invoice for $300 USD. What
will be the fund status of the purchase order and invoice?
A.
The
purchase order is Partially Liquidated and the invoice is Partially Reserved.
B. The purchase
order is Partially Liquidated and the invoice will be reserved.
C.
Both
are reserved.
D. The purchase
order is liquidated and the invoice is Partially Reserved.
E. Both are
Partially Reserved.
F. The purchase
order is Open and the invoice is validated.
Answer: C
QUESTION: 10
How
can your Accounting Manager expedite Journal processing during the time
critical month end close?
A.
by
using the Close Status monitor to drill down on the close status across ledgers
B.
by
using the Journals region to view journals Requiring Attention, Requiring
Approval, and Pending Approval from Others
C.
by
running the Journals report using Business Intelligence Publisher
D. by
creating an ad hoc query on journals using Oracle Transactional Business
Intelligence (OTBI)
Answer: C
QUESTION: 11
Your
customer has many eliminating entries to eliminate intercompany balances. The
General Ledge 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 spreadsheet template that is accessed from the "Create Journal in
Spreadsheet" task and import the spreadsheet with the eliminating entries
every period.
B.
Use the General Ledger's Calculation
Manager to define an allocation definition to eliminate entries that you can
generate every period.
C.
There
is no way to automate this process if the customer is not using Oracle Hyperion
Financial Close Management.
D. Create
a manual journal that includes the eliminating entries, and then create a copy
of the Journal batch every period.
Answer: C
QUESTION: 12
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 suggested best practice for doing this?
A.
Create a segment that acts as the
primary balancing segment and create values that represent a concatenation of all
three business dimensions.
B. Use account
hierarchies to create different hierarchies for different purposes and use
those hierarchies for reporting.
C. Create three
segments and qualify them as the primary balancing segment, second, and third
balancing segments, respectively.
D. 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.
Answer: C
Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.ht
m
QUESTION: 13
Which
statement is true when creating an Implementation Project for Financials Cloud?
A.
The
Implementation Project is preconfigured and cannot be deleted or changed.
B.
Plan
your implementation project carefully because you cannot delete it or make
changes later.
C. You must select
the Offering "Financials," and each individual product or option to
perform the setup for each product in Financials Cloud.
D.
Selecting
the Offering "Financials," automatically allows you to perform the
setup for all Financials Cloud products.
E. You
only need to make the project name unique, then you can perform the setup for
any product family, such as Financials, Procurement, Human Capital Management
and Supply Cham Management.
Answer: C
QUESTION: 14
You've
set up the standard accrual with encumbrance accounting for your ledger and you
realized that the encumbrance journals are defaulting with current date as the
accounting date. What is causing this?
A.
The
subledger accounting option Is set to system date.
B.
The
actual accounting date was set up under the encumbrance accounting Default Date
Rule.
C.
The
system date was set up under the encumbrance accounting Default Date Rule.
D. The
current transaction accounting date was set up under the encumbrance accounting
Default Date Rule.
E. The
prior related transaction accounting date was set up under the encumbrance
accounting Default Date Rule.
Answer: D
QUESTION: 15
You
are implementing Fusion Accounting Hub for your external Accounts Receivables
system. The external system sends invoices billed and cash receipts in a flat
file, along with the customer classification information. You want the
accounting amounts to be tracked by customers too but you do not want to add a
Customer segment to your chart of accounts. What is the solution?
A.
Use
the Open Account Balances Listing report that has balances by customer.
B.
Use
the Third Party Control Account feature.
C.
Use
Supporting References to capture customer classification information.
D. Capture
customer information as the source and develop a custom report using Online
Transactional Business Intelligence (OTBI).
Answer: C
QUESTION: 16
Your
customer has enabled encumbrance accounting. You have a control budget with the
advisory level set at control. For November 2015, your budget for a given
combination is $5,000 USD. You have an approved requisition of $900 USD and you
have an approved purchase order of $2,500 USD. An adjustment encumbrance
journal is created in the General Ledger for the obligation type for $1,600
USD. You then cancelled the approved PO line of $400 USD. For November 201b,
you created
a new invoice by matching to the PO for
$2,100 USD. Which two statements are true?
A. Purchase order
encumbrance will be released for $2100 USD.
B. As
there are cancellations for $400 USD, the system will partially reserve the
funds in November 2015 and fully reserve it in December 2015.
C.
As
you are matching to a purchase order, the system will allow the user to create
an invoice with the reservation status of Reserved.
D. Encumbrance
entries are created only for nonmatched Invoices, so the system
will not create any encumbrance
accounting entries.
E.
The system always consumes budget of future periods if the limit for the
current period is expired, so December 2015 budget will be considered for
reservation.
Answer: C, E
QUESTION: 17
What
are the two benefits of having the Essbase cube embedded in Fusion General
Ledger?
A. General
ledger balances are multidimensional, allowing you to perform robust reporting
and analysis.
B.
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.
C. You no longer
need to create and maintain hierarchies because the Essbase cubes are created
when you create your chart of accounts.
D. Posting
performance is much faster.
E. Integrating
with third-party systems is easier because the Essbase cube provides chart of
accounts mapping rules.
Answer: B, D
QUESTION: 18
You
are required to change today's daily rates for converting GBP to USD. What are
three ways in which you can update existing daily rates?
A.
Use
the spreadsheet loader from the Currency Rates Manager.
B.
Import
daily rates through the Daily Rates open interface table.
C. Update rates
manually using the Currency Rates Manager, which can be accessed only from the
Functional Setup Manager
D.
Update rates manually using the Currency
Rates Manager, which can be accessed from the Functional Setup Manager or the
General Ledger's Period Close work area.
E. Edit existing
transactions and update the rates manually.
Answer: B, C, D
QUESTION: 19
You
create a prepayment for USD l00 and validate it to consume the budget and
reduce available funds under the prepayment account. You then pay the
prepayment of USD 100 create an invoice for USD 300, and validate the* invoice
to consume the
budget and reduce available funds for
the expense -accounts used in the invoice. You then apply the prepayment fully
on to the invoice and revalidate it. What happens to the available funds when
you apply a prepayment that requires budgetary control?
A. The
prepayment application was already released at the time of payment and the
invoice consumes funds of 300 USD.
B.
The prepayment application releases
funds of 200 USD ^nd the invoice consumes funds of lOO USD, with a net decrease
to available funds of 200 USD.
C.
Available
funds will not change till invoice is approved.
D. The
prepayment application releases funds of lOO USD and the invoice consumes funds
of 300 USD, with a net decrease to available funds of 200 USD.
E.
The prepayment application releases
funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease
to available funds of 100 USD.
F.
The
budget will be released only foi the USD 30O invoice amount.
Answer: F
QUESTION: 20
Your
customer has three legal entities, 50 departments, and 10,000 natural accounts.
They use intercompany entries. What is Oracle's recommended best practice when
implementing; a new chart of accounts? How many segments and what segment
qualifiers should be used?
A.
Define three segments for the company,
department, and natural account. The qualifiers shouldbe primary balancing
segment, cost center segment, and natural account segment, respectively
B. Define
four segments for the company, department, natur.il account, and intercompany
segment. The qualifiers should be primary balancing segment, cost center
segment, natural account segment, and intercompany segment, respectively.
C. 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.
D. Define
three segments tor 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.
Answer: C
QUESTION: 21
Which
two statements are true regarding how Intercompany Balancing Rule, are defied?
A.
All ledgers engaged in an intercompany
transaction must share the same chart: of accounts in order to define balancing
rules
B.
You
can only define balancing rules for different journals' sources. You cannot
define balancing rules for different journal categories.
C. You
can define different balancing rules for different combinations of journal
sources, journal categories, and transaction types
D. You
can define different rules for different charts of accounts, ledgers, legal
entities, and primary balancing segment value.
Answer: A
QUESTION: 22
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?
A. View the
Projected Balance region in the Create Journals page.
B.
Run a Trial Balance before and after
posting.
C. Use Oracle
Transactional Business Intelligence (OTBI) to query General Ledger balances
D.
Query
the account balance online.
Answer: C
QUESTION: 23
Which three reporting tools are based on
real-time data or balances?
A. Oracle Business
Intelligence Applications (OBIA
B. Smart View
C.
Business
Intelligence Publisher (BI Publisher)
D.
Oracle
transactional Business Intelligence (OTBI)
E. Oracle Financial
Reporting (FR)
Answer: B, D, E
QUESTION: 24
You want to process multiple allocations
at the same time. What feature do you use?
A. RuleSets
B. Point of View
(POV)
C. Formulas
D. General Ledger
Journal entries
Answer: C
QUESTION: 25
After
loading your budget data into Fusion Genera. Ledger, you can view budget
balances using these feature. Which feature does not belong on the list?
A. Application
Development Framework Desktop Integration (ADFdi)
B. Account
Inspector
C. Account Monitor
D. Smart View
Answer: B
QUESTION: 26
Your
enterprise structure has one ledger and two business units. Business unit one
wants to enable budgetary control for Requisitioning only in 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?
A.
While defining control for business unit
two, enable control at Requisitioning and define the exceptions to only include
invoicing.
B.
Define
control for business unit two to disable control for Requisitioning,
Purchasing, and Receiving.
C.
Define
budgetary control at ledger level with Budgetary Control Exceptions for each
business unit.
D.
While
defining control for business unit one, disable control lor Purchasing, Payable
Invoicing, and Receiving.
E.
While
defining control for business unit one, enable control at purchasing and define
the exceptions to only include requisitioning.
F. Define
budgetary control at ledger level and only encumbrance controls at the business
units.
Answer: A, F
QUESTION: 27
You need to define multiple allocation
rules as efficiently as possible.
Which three components can be reused
across allocation rules?
A. Point of View
(POV)
B. Run Time Prompts
(RTP)
C. Formulas
D. RuleSets
Answer: B, C, D
QUESTION: 28
Your
company wants to change the Cumulative Translation Adjustment (CTA) account to
record gains/losses from varying currency rates. What steps must you perform to
achieve this objective without causing data corruption?
A. Purge
all translated balances, change the CTA account in the Ledger page, and rerun
Translation for all periods required.
B.
Open
the Ledgers page and update the CTA account and then rerun Translation for all
periods required. The system will automatically update the translated balances.
C. Query
the Translation journals and delete all of them, then change the CTA account in
the Ledger page, and rerun Translation for all periods required.
D. Define
a new ledger and accounting configuration. The CTA account cannot be updated
after the ledger has been in use.
Answer: B
Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.ht
m
QUESTION: 29
You
are implementing Segment Value Security rules. Which two statements are true?
A. You can use
hierarchies to define rules.
B.
The Segment Value Security rules do not
take effect until you assign the rules to users and products.
C. When you enable
Segment Value Security on a segment, users will not be able to access any
values until you grant access to users and products.
D.
When you enable or disable Segment Value
Security, you do not need to redeploy your chart of accounts.
Answer: A, C
Explanation: https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.ht
m
QUESTION: 30
You
want to define a tree or hierarchy for use in reports and allocations. What
three aspects should you remember when creating the tree?
A.
You need to flatten the rows to be able
to use drilldown in Smart View and you must publishtree to view the hierarchy
in Essbase cubes.
B.
You
must flatten the columns and publish the tree to view the hierarchy in Essbase
cubes.
C. The
tree should have at least two tree versions to reduce report and allocation
maintenance.
D.
You
only need to flatten the columns if you plan to use the hierarchy in Oracle
Transactional Business Intelligence (OTBI).
E. It
is fine to have the same child value roll up to two or more different parent
values.
Answer: B, C, E
QUESTION: 31
Which three objectives must be
considered when designing the chart of accounts?
A. Effectively
manage an organization's financial business.
B. Consider
implementing a single, global chart of accounts
C. Anticipate
growth and maintenance needs as organizational changes occur. D. Limit the
number of segments to those you need today to reduce data entry. E. Try to use
all 30 segments and 25 characters per segment because you cannot change It
later.
Answer: A, B, C
QUESTION: 32
Before
implementing Fusion Financials, your customer used to manually reconcile their
intercompany payables and receivables accounts. What is a more automated
approach to do this?
A. Run the BI Publisher reports called Intercompany
Transaction Summary and
Account Details to automatically
reconcile intercompany balances.
B. Create a query
using Oracle Transactional Business Intelligence (OTBI) that will match the
intercompany payables and receivables balances.
C. Run the
Intercompany Reconciliation report, which shows pairs of intercompany
receivables and payables accounts that are out of balance.
D. In
Fusion Financials, you must manually reconcile your intercompany account
balances.
E. Use
Oracle Hyperion Close Manager to automatically reconcile intercompany account
balances.
Answer: B
QUESTION: 33
You are defining intercompany balancing
rules that are applied to a specific source and category, such as payables and
invoices, or a specific intercompany transaction type, such as Intercompany
Sales. Which two statements are correct?
A. You
must define rules for every combination of specific categories and sources.
Otherwise, theintercompany balancing will not work.
B. You
can create a rule for all sources and categories by selecting the source
"Other" and the category "Other."
C. 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.
D. Set
up a chart of accounts rule for every chart of accounts structure you have in
order to ensurethat Intercompany Balancing will always find a rule to use to
generate balancing accounts.
Answer: A, C
QUESTION: 34
What is the most efficient way to add a
new year to the accounting calendar?
A. Add the periods
manually
B. Use the Add Year
button
C. Import the
periods from a spreadsheet
D. The
application automatically populates the next year when you open the first
period a new
fiscal
year.
Answer: D
Reference: https://docs.oracle.com/cd/E13228_01/fscm9pbr0/eng/psbooks/fspf/chapter.htm?File
=fspf/ htm/fspf13.htm
QUESTION: 35
Your user forgot the password. How do
you resolve this?
A. Use
the Manage Users page to update the user's information and change the password.
B. Use Oracle
Identity Management (OIM) to reset the user's password.
C.
Log
in to the user's machine as an Administrator and change the password from the
login pa
D. Use Access
Policy Manager (APM) to reset the user's password.
E. Create a new
user ID and password for the user.
Answer: B
Reference:
http://docs.oracle.com/cd/E21764_01/doc.1111/e15477/pwd.htm#IMINT236
QUESTION: 36
Journal approval uses Approvals
Management Extension (AMX).
Which
AMX builder method is most effective in routing the journals to the Accounting
Manager when the General Ledger Accountant enters the journal?
A. Supervisory
level based on HR Supervisors
B. Job level
C. Position
D. Approval Group
Answer: D
QUESTION: 37
You are creating financial statements
and want to have charts, such as a bar graph, automatically inserted to improve
the understanding of the financial results. What’s the most efficient way to
achieve this?
A.
When viewing the report, download to Excel and use Excel's Charting features to
create your bar graph.
B. When
designing your financial statement using Financial Report (FR), embed a chart
into your report
C. Use Account
Inspector that automatically creates graphs on financial balances.
D. Use Smart View,
which is and Excel Add-on
Answer: C
Reference: https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm
QUESTION: 38
Your
customer operates three shared services that perform accounting functions
across 50 countries. What feature allows them to share setup data, such as
Payment Terms, across Business Units?
A. Reference Data
Sets
B. Business Units
functions
C. None. Setup data
is partitioned by Business Unit and must be defined separately per Business
Unit.
D. Data Access Sets
Answer: B
QUESTION: 39
While
creating a Journal Entry Rule Set, you are not able to use an Account Rule
recently created. Which two options explain that?
A. The
Account Rule is defined with a different chart of accounts from the Journal
Entry Rule Set.
B. The Account
Rule's chartof accounts have no account values assigned
C. The Account
Rule's conditions are not defined.
D.
The Account Rule is using sources
assigned to different event classes from that of the associated Journal Entry
Rule Set.
Answer: B, D
QUESTION: 40
Identify
three differences between Oracle Transactional Business Intelligence (OTBI) and
Oracle Business Intelligence Applications (OBIA).
A. OBIA
is based on the universal data warehouse design with different prebuilt
adapters that canconnect to various source application
B.
Both
OBIA and OTBI provide a set of predefined reports and dashboards and a library
of metrics that help to measure business performance
C. OBIA
works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards,
SAP, andFusion Applications.
D.
OTBI
allows you to create custom reports from real-time transactional data against
thedatabase directly
E. Cloud customers
can use both OTBI and OBIA.
Answer: B, C, D
QUESTION: 41
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?
A.
Budget
Group
B.
Application Development framework
Desktop Integral ion (ADFdi)
C.
Account
Group
D.
Budget
Controller
E.
Budget
Account Group
Answer: C
QUESTION: 42
Your customer uses
Financials Cloud, Projects, Inventory and Procurement. Which two statements are
true regarding intercompany accounting tor these products?
A. Each
product has its own Intercompany Accounting feature that needs to be set up
separately.
B. Intercompany
Balancing Rules are defined centrally and applied across Financials, Portfolio
Project
Management
and Supply Chain Management products.
C.
Within Financials Cloud, Intercompany
Balancing Rules are used to balance both cross- ledger intercompany
transactions and single ledger intercompany journals.
D.
They need to license a separate
stand-alone Intercompany product that acts as the Intercompany Accounting Hub.
Answer: A, D
QUESTION: 43
Your
customer has a large number of legal entities. The legal entity values are
defined in the company segment and the primary balancing segment. They want to
easily create eliminating entries for the intercompany activity. What should
you recommend?
A. Define
an intercompany segment in the chart of accounts. The Intercompany module and
the intercompany balancing feature in general ledger and sub ledger accounting
will automatically populate the intercompany segment with the balancing segment
value of the legal entity with which you are trading.
B. 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.
C.
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.
D. 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 you
define.
Answer: B
QUESTION: 44
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 do you need to enable?
A. Drill Through in
Grid Properties
B.
Report Functions
C. Nothing. All
report balances are drillable in all FR Studio reports.
D. Allow Expansion
Answer: D
QUESTION: 45
You
defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
A. Chart of
accounts was not deployed.
B. Accounting
Configuration was not submitted-
C.
An Audit process needs to be
successfully performed before a tree version can be set to Active.
D. Two tree versions were not defined
Answer: D
QUESTION: 46
You already ran Translation, but a
last-minute adjusting journal entry in your ledger currency was entered after
you consolidated your results. What does Oracle consider best practice when
this occurs?
A. Translate only
the adjusting journal entry.
B. Rerun
Revaluation and then rerun Translation
C. Rerun
Translation and then reconsolidate your result
D. Enter another
adjusting journal entry in the currency to true up the balances.
Answer: A
QUESTION: 47
While
troubleshooting the encumbrance entries created for the requisition for your
business unit, you noticed that only a few events are triggering the
encumbrance journals when you submit he create accounting program. What are the
two events?
A.
Funds
check
B.
Requisition
approved
C.
Requisition
rejected by the buyer
D.
Submit
the requisition for approval
E.
Checkout
and Save the requisition
F.
Create
change request on the requisition after submitting requisition for approval
Answer: B, F
QUESTION: 48
You need to distribute departmental
expense reports to l00 department managers in your organization. The report
format is the same, but the department values differ. What in the most
efficient way to achieve this?
A.
Set the Department segment as a User
Point of View (POV) and submit a report batch and schedule it: to run for every
department. Send the different batch outputs as PDF attachments via email to
different users.
B. Create
a single report for all departments. When department managers log in to
Financial Reporting Center, they will only be able to view their department's
data
based on Segment Value Security Rules.
C. Set up Bursting
Options for your batch to prepare multiple versions of a report from a single
process.
D. When
defining the report, make the Department Segment a prompt and when users view
the report, they can change the prompt to their department.
Answer: D
QUESTION: 49
Which
two delivered roles can access the full functionality of Functional Setup
Manager,
A. Application
Implementation Manager
B.
Functional Setup Manager Superuser
C. Application
Implementation Consultant
D. Any functional
user
E. IT Security
Manager
Answer: A, C
QUESTION: 50
Your
customer wants to secure their primary balancing segment values to prevent
employees of one company from entering or viewing data of another company. You
only need this for General Ledger balances and reporting. What two security
features should you use?
A.
Data
Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation
Rules
C.
Segment
Value Security
D. Balancing
Segment Value Assignment to Legal Entities
Answer: A, C
Explanation: https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm
QUESTION: 51
In
which two ways can your users customize the Dashboards and Work Areas to suit
their individual working styles?
A.
They can format each table by hiding and
showing columns, moving columns, and resizing columns.
B.
They
can use Personalization to move and remove regions from those pages.
C. Users have very
little control customizing their Dashboards and Work Areas; they can only
resize columns.
D. They
can have the System Administration customize pages for them using Page
Composer.
Answer: C
QUESTION: 52
Your
customer wants to have balance sheets and income statements for their cost
center and program segments. That is, they want to have three balancing
segments. Which two recommendations would you give your customer?
A. When
entering journals manually, the customer will need to make sure that the debits
and credits are equal across all balancing segments because the system will not
automatically balance the journal.
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 rules will need to be defined for the two additional balancing
segments.
D. Ledger
balancing rules will need to be defined to instruct the system on how to
generate balancing entries for the second and third balancing segments.
Answer: A, D
QUESTION: 53
Your customer has
enabled budgetary and encumbrance controls at the requisition level. You have a
purchase order for $1,000 USD, which is fully reserved and has one invoice for
$600 USD. When the purchase order is matched through the final match process,
the purchase order is closed for further invoicing. What happens to the
remaining $400 USD?
A. Invoice type
will have less funds available by $400 USD.
B. Manual
encumbrance journal needs to be entered In General Ledger to release the budget
amount of $400 USD.
C.
Only
obligation type will have $400 USD funds available.
D. $400 USD will be
added back to available funds
E. $400USD will be
expired and not available for use.
Answer: A
QUESTION: 54
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 does Oracle consider
the best practice approach to performing consolidations?
A. Use
Oracle Hyperion Financial Management for this type of complex consolidation.
B.
Use
General Ledger's Balance Transfer programs to transfer subsidiary ledger
balances to theparent ledger, and then enter eliminating entries as a separate
balancing segment in the parent ledger.
C. Use
General Ledger’s Financial Reporting functionality to produce consolidated
reports bybalancing segment where each report represents a different
subsidiary. Any eliminating entries can be entered in yet another separate
balancing segment.
D. 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 create a ledger set across all ledgers
and report on the ledger set.
Answer: A
Reference: http://www.oracle.com/us/solutions/business-intelligence/consolidation-solution-1876985.pdf
QUESTION: 55
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?
A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal
Description
Answer: C
QUESTION: 56
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 two statements are true regarding the creation of a control
budget?
A.
Control
budgets are always absolute to generate encumbrance accounting.
B.
A
control budget can allow override rules only if the control level is absolute.
C.
The
control budget structure has all the chart of account segments as budget
segments.
D. A
control budget is associated to a ledger and creates three control budgets for
Australia, New Zealand, and Singapore.
E. A
control budget can be associated with a different calendar than accounting
calendar.
Answer: B, E
QUESTION: 57
You
are implementing Financials Cloud and are using spreadsheets to load Legal
Entities, Business Units, and Account Hierarchies. Which three setup objects
can be loaded via a spreadsheet from Functional Setup Manager?
A. complete
Accounting Configuration
B.
Suppliers
and Customers
C.
Banks, Bank Accounts, and Branches
D.
chart
of account values, accounting calendar, and ledger
E. setup data for
Receivables and Payables product.
Answer: B, C, D
Explanation: https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004386.htm#F
ACSF1 236038
QUESTION: 58
You
are reconciling your subledger balances and you need a report that includes
beginning and ending account balances and all transactions that constitute the
account's activities. What type of report will provide this type of
information?
A. An
Online Transactional Business Intelligence (OTBI) report to create ad hoc
queries on transactions and balances
B. Account Analysis
Reports
C.
Journals Reports
D. Aging Reports
Answer: C
QUESTION: 59
You
created your first Implementation Project and assigned the Application
Implementation Consultant role to your user. However, you are unable to access
Oracle Identity Management (OIM). This issue was caused because you did not
assign the
A. Line Manager
role to your user
B. Application
Implementation Manager role to your user
C. IT Security
Manager role to your user
D. Superuser role
to your user
Answer: A
QUESTION: 60
You
need to build a complex account rule. Which four value types can you use in
your definition?
A.
Value
Set
B.
Constant
C.
Existing Account Rule
D.
Account
Combination
E. Mapping Set
F. Source
Answer: A, B, C, F
QUESTION: 61
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 Hyperion Financial Management?
A. The data is not
transferred.
B.
Data
is summarized across segments that are not mapped to 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. The
unmapped segments default to future use segments in Hyperion Financial
Management
Answer: C
QUESTION: 62
What type of user must be defined before
you can create an Implementation Project?
A.
None. The Fusion Applications Superuser,
FAADMIN, has full access to create an Implementation Project.
B.
A full-time employee that has the FSM
Superuser role assigned
C. None. The OIM
system administrator user ID, XELSYSADM, which is assigned by the person
provisioning the system, has full access.
D. Implementation
Users
E. All roles that
will be used throughout the implementation
Answer: E
QUESTION: 63
Which
reporting tool is best suited for submitting high-volume transactional reports,
such as invoice Registers or Trial Balance reports, that can be configured to extract
the data in Rich Text Format or XML?
A. Financial
Reporting Center
B. Oracle
Transactional Business Intelligence (OTBI)
C.
Intelligence Publisher (BI Publish.
D.
Smart View
E. Oracle Business
Intelligence Applications (OBIA)
Answer: B
QUESTION: 64
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).
B. Always use the
Outer Point of View (POV).
C. Never use the
Outer Point of View (POV).
D. Only specify
segment values in formulas.
Answer: D
QUESTION: 65
What
are the tables or views from which the Create Accounting program takes source
data that is used in rules to create journal entries?
A. Transaction
Objects
B. Event Entities
C.
Mapping Sets
D. Accounting
attributes
E. Event Classes
Answer: A
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm
QUESTION: 66
When
working with Essbase, versions of the tree hierarchy as defined in the Fusion
not available in the Essbase balances cube. What should you do to correct this
situation?
A. Make sure the
tree version was published successfully.
B.
Make sure to flatten the rows of the
tree version.
C.
Make sure the tree is active.
D. Redeploy the
chart of accounts.
Answer: D
QUESTION: 67
You
lust submitted the Accounting Configuration. Which two statements are correct?
A.
You must define a Data Access Set to
obtain full read/write access to the ledgers in the Accounting Configuration.
B.
A
Data Access Set with full read/write access to the ledger is automatically
created.
C. Open the
ledger's period to begin entering transactions.
D. Verify the data
roles created and assign them to the General Ledger users.
Answer: C
QUESTION: 68
Your
customer wants to control spending against an annual budget but report balances
on a monthly year-to-date basis. Encumbrance accounting is also in use. What
setup is required to achieve this requirement?
A.
Create an annual budget with absolute
control and so encumbrance accounting will work.
B.
Create
a summary budget annually with advisory control and control budget monthly with
absolute control.
C. Create a Summary
budget annually with absolute* control and monthly control budget with advisory
or track control.
D.
Create
two detail control budgets: annually with absolute control and monthly with
advisory or track control.
E. Create
two detail control budgets: annually with advisory/track control and monthly
with absolute control.
Answer: A
QUESTION: 69
You
want to be notified of anomalies in certain account balances in real time. What
is the rnost efficient way to do this?
A. Perform an
account analysis online.
B.
Open a Smart View file saved on your
desktop.
C. Create an
Account Group using Account Monitor.
D. Use Account
Inspector.
Answer: A
QUESTION: 70
Which two are prerequisites for creating
subledger accounting entries?
A. Completing
accounting transformation definition and activating Subledger Journal Entry
Rule Set assignments for the Accounting Method
B. Populating
supporting reference information in reference objects
C. Selecting source
values from transaction objects
D.
Creating subledger accounting events
E. Completing
preaccounting validation
Answer: B, E
QUESTION: 71
Alter
submitting the journal for approval, you realize that the department value in
the journal incorrect. How do you correct the value?
A. Delete the
journal and create a new journal.
B. Update the
journal through workflow
C. Click
the Withdraw Approval button in the Edit Journals page and edit the journal.
D. Reverse the
journaland create a new one.
Answer: B
QUESTION: 72
Most
of the accounting entries for transactions from your source system use
TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For
some events, you need to use TAX_AMOUNT as the source. At what level can you
override the default accounting attribute assignment?
A. Event Type
B.
Journal Line Rule
C. Event Class
D. Journal Entry
Rule Set
E. Journal Entry
Answer: D
QUESTION: 73
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?
A.
Clearing
companies are not supported.
B.
If
you map legal entities to balancing segment values, then a clearing company can
only be applied within a legal entity.
C.
You must map legal entities to balancing
segment values in order to use a clearing company.
D.
If
you do not map legal entities to balancing segment values, then a clearing
company can be applied to any journal within the ledger.
E. 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.
Answer: A, C, E
QUESTION: 74
Who are the three primary Functional
Setup Manager users?
A.
End
Users that perform transaction processing
B. Implementation
Project Managers and Consultants
C.
System Administrators
D. Application
Developers
E. C-Level
Executives
Answer: A, B, C
Explanation: http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.h
tm
QUESTION: 75
Your
Financial Analyst needs to interactively analyze General Ledger balances with
the ability down to originating transactions. Which three features facilitate
this?
A. Account
Inspector
B. Smart View
C. Account Monitor
D. Online
Transactional Business Intelligence
E. Financial
Reports published to Excel
Answer: E
QUESTION: 76
You want to automatically post journal
batches imported from subledger source to prevent accidental edits of deletions
of the subledger sources journals, which could cause an out - of-balance
situation between your sub ledgers and general ledger.
Which two aspects should you consider
when defining your AutoPost Criteria?
A.
Use the All option for category and
accounting period to reduce maintenance and ensure that all imported journals
are included in the posting process.
B.
Include all of your sub ledger sources
in the AutoPost Criteria. Divide up criteria sets by subledger source only if
you need to schedule different posting times.
C. Create your
AutoPost criteria using minimal source and categories.
D. Schedule your
AutoPost Criteria set to run during off-peak hours only
Answer: B
QUESTION: 77
You
want to prevent intercompany transactions from being entered during the last
day of the close. What should you do?
A. Close all
subledger periods.
B.
Close Intercompany periods in Fusion
Intercompany.
C. Freeze the
Intercompany Journal source in General Ledger.
D. Close the
General Ledger period in the Manage Accounting Periods page.
Answer: B
QUESTION: 78
You
want to specify Intercompany System Options. Which three factors should you
consider?
A. Whether
to enforce an enterprise-wide currency or allow in intercompany transactions in
local currencies
B.
Whether to allow receivers to reject
intercompany transactions
C.
Automatic or manual batch numbering and
the minimum transaction amount
D.
Automatic or manual batch numbering and
the maximum transaction amount
E. The approvers
who will approve intercompany transactions
Answer: A, B, D
QUESTION: 79
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 does Oracle consider as best
practice to define this chart or accounts?
A.
Share the same value set for the company
and intercompany segments to reduce chart of accounts maintenance.
B.
Use two different value sets for the
company and intercompany segment because segment value security rules are at
the value set level.
C.
Define
the company segment only and qualify it as both the primary balancing segment
andintercompany segment.
D. Define two
different charts of accounts.
Answer: C
QUESTION: 80
Fusion
Accounting Hub includes Hyperion Data Management. For which two tasks can
Hyperion Data Management be used?
A. chart of
accounts hierarchy maintenance
B. integration with
transactions from external feeder systems
C.
chart of accounts master data
maintenance
D. data access and
security
E. cross-validation
rules
Answer: A, C
Explanation: http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.h
tm
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