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Question 1:

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

A. Make sure to flatten the rows of the tree version

B. Make sure the tree is active

C. Make sure the tree version was published successfully

D. Redeploy the chart of accounts

Correct Answer: C

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Question 2:

You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers

B. Access each subledgers\’ calendar and General Ledger\’s Manage Accounting Periods page to view the status of each period

C. Run Closing Status reports

D. Use Close Monitor in General Accounting Dashboard

Correct Answer: C

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Question 3:

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle\’s recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.

B. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.

C. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively.

D. 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.

Correct Answer: D

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Question 4:

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

Correct Answer: C

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Question 5:

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 three statements are true regarding the creation of a control budget? (Choose three.)

A. The control budget structure has all the chart of account segments as budget segments

B. Control budgets are always absolute to generate encumbrance accounting

C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore

D. A control budget can allow override rules only if the control level is absolute

E. A control budget can be associated with a different calendar than accounting calendar

Correct Answer: BDE

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Question 6:

You need to define multiple allocation rules as efficiency as possible.

Which three components can be reused across allocation rules? (Choose three.)

A. Point of View (POV)

B. Formulas

C. Run Time Prompts (RTP)

D. RuleSets

Correct Answer: BCD

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Question 7:

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.)

A. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice

B. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount

C. The requisition reserved successfully undergoes amendment and is rejected in the reapproval

D. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount

Correct Answer: AB

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Question 8:

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger 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 General Ledger\’s Calculation Manager to define an allocation definition to eliminate entries that you can generate every period

B. Use the spreadsheet template that is accessed from the “Create Journal in Spreadsheet” task and import the spreadsheet with the eliminating entries 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

Correct Answer: A

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Question 9:

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)

A. the approvers who will approve intercompany transactions

B. whether to allow receivers to reject intercompany transactions

C. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

D. automatic or manual batch numbering and the maximum transaction amount

E. automatic or manual batch numbering and the minimum transaction amount

Correct Answer: BCE

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Question 10:

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order. The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for

liquidating the purchase order encumbrance is dated 5/5/16.

What is causing this?

A. The actual accounting date was set up under the encumbrance accounting Default Date Rule

B. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

C. The subledger accounting option is set to system date

D. The system 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

Correct Answer: B

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Question 11:

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.

Correct Answer: B

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Question 12:

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. Nothing. All report balances are drillable in all FR Studio reports

C. Allow Expansion

D. Report Functions

Correct Answer: A

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Question 13:

In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)

A. Application Composer

B. Oracle Enterprise Repository

C. Oracle Transactions Business Intelligence

D. Financial Reporting Studio

E. Smart View

Correct Answer: CDE

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Question 14:

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

Correct Answer: C

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Question 15:

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

Correct Answer: C

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