NEW QUESTION 1
You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

• A. You must re-deploy the chart of accounts
• B. A Data Access Set with full read/write access to the ledger is automatically created
• C. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
• D. You must assign the job role and data security context to each user

Answer: BD

NEW QUESTION 2
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. Account Analysis Reports
• B. Aging Reports
• C. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
• D. Journals Reports

Answer: A

NEW QUESTION 3
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2021, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A. No change
• B. Purchase order encumbrance will be released for $2,100 USD
• C. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2021 and fully reserve it in October 2021
• E. The system always consumes budget of future periods if the limit for the current period is expired, so October 2021 budget will be considered for reservation

Answer: BD

NEW QUESTION 4
Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

• A. Invoice type will have less funds available by $400 USD
• B. $400 USD will be expired and not available for use
• C. $400 USD will be added back to available funds
• D. Only obligation type will have $400 USD funds available
• E. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of$400 USD

Answer: C

NEW QUESTION 5
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating transactions. Which three features facilitate this? (Choose three.)

• A. Sunburst reports
• B. Online Transactional Business Intelligence
• C. Account Inspector
• D. Account Monitor
• E. Smart View

Answer: CDE

NEW QUESTION 6
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

• A. Accounting Date
• B. Chart of Accounts
• C. Journal Line Rules
• D. Account Rules
• E. Supporting References

Answer: CDE

NEW QUESTION 7
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

• A. Use Smart View, which is an Excel Add-on
• B. Use Account Inspector that automatically creates graphs on financial balances
• C. When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph
• D. When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer: D

NEW QUESTION 8
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

• A. Nothing has change
• B. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
• C. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
• D. CVRs only test new account combinations being inserted into the tabl
• E. They ignore any invalid account combinations already existing in the table
• F. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Answer: C

NEW QUESTION 9
What are the two purposes of a secondary ledger? (Choose two.)

• A. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
• B. It should not be used when trying to meet local accounting requirements
• C. It is used to main balances in a different currency only
• D. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
• E. It should only be used to main balances for processing performance

Answer: AD

NEW QUESTION 10
Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?

• A. Define an intercompany segment in the chart of account
• B. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading
• C. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the intercompany rules to define
• D. 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
• E. There is no need to define an intercompany segmen
• F. You can track the intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner

Answer: A

NEW QUESTION 11
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance.
They do perform intercompany accounting. What is Oracle’s recommended approach to performing consolidations?

• A. Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiar
• B. Any eliminating entries can be entered in yet another separate balancing segment
• C. Use Oracle Hyperion Financial Management for this type of complex consolidation
• D. Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
• E. Define multiple ledgers for consolidation and report on ledger set

Answer: B

NEW QUESTION 12
You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

• 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. Create your AutoPost criteria using minimal sources and categories
• C. Include all of your subledger sources in the AutoPost Criteri
• D. Divide up criteria sets by subledger source only if you need to schedule different posting times
• E. Schedule your AutoPost Criteria set to run during off-peak hours only

Answer: AC

NEW QUESTION 13
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?

• A. Drill Through in Grid Properties
• B. Nothin
• C. All report balances are drillable in all FR Studio reports
• D. Allow Expansion
• E. Report Functions

Answer: A

NEW QUESTION 14
After loading your budget data into General Ledger Cloud, you can view budget balances using these features. Which feature does not belong on the list?

• A. Application Development Framework Desktop Integration Budget Balances Report
• B. Account Monitor
• C. Smart View
• D. Account Inspector

Answer: A

NEW QUESTION 15
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.
What is Oracle’s recommended method for doing this?

• A. Create 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 for the Company, Line of Business, and Product segments and qualify them as 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

NEW QUESTION 16
On which three occasions are Essbase balances updated? (Choose three.)

• A. every time the tree version is published
• B. every time you run the batch program called “Update Essbase Balances”
• C. every time you open a new period
• D. every time journals are posted to the general ledger
• E. at report run-time

Answer: ADE

NEW QUESTION 17
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?

• A. Funds available will change when the invoice is approved
• B. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100
• C. The budget will increase by USD 100 and the funds available will decrease by USD 100
• D. The budget and funds available will increase by USD 100

Answer: B

NEW QUESTION 18
You want to process multiple allocations at the same time. What feature do you use?

• A. RuleSets
• B. Formulas
• C. General Ledger journal entries
• D. Point of View (POV)

Answer: A

NEW QUESTION 19
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain that? (Choose two.)

• A. The Account Rule’s conditions are not defined
• B. The Account Rule’s chart of accounts has no account values assigned
• C. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
• D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

Answer: CD

NEW QUESTION 20
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA). (Choose three.)

• A. Cloud customers can use both OTBI and OBIA
• B. OTBI allows you to create custom reports from real-time transactional data against the database directly
• C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.
• D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
• E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Answer: BCE

NEW QUESTION 21
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 Controller
• B. Budget Group
• C. Account Group
• D. Budget Account Group
• E. Application Development Framework Desktop Integration (ADFdi)

Answer: D

NEW QUESTION 22
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle’s recommended method to define this chart of accounts?

• A. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment
• B. Define two different charts of accounts
• C. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance
• D. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level

Answer: D

NEW QUESTION 23
Account combinations can be created and/or modified using the Import Account Combinations file-based data import (FBDI).
Which represents the appropriate upload steps?

• A. Submit the Import Account Combinations process, then insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template.
• B. Insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
• C. Insert rows into the GL_MULTI_COMBINATIONS_INT table using the FBDI template and then submit the Import Account Combinations process.
• D. Submit the Import Account Combinations process, then insert rows into the GL_BULK_COMBINATIONS_INT table using the FBDI template.

Answer: B

NEW QUESTION 24
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

• A. Never use the Outer Point of View (POV)
• B. Always use the Outer Point of View (POV)
• C. Specify Run Time Prompts (RTP)
• D. Only specify segment values in formulas

Answer: C

NEW QUESTION 25
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