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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