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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
| Topic 2: Journal Processing and Approval | 20% | - Manage Journals
|
| Topic 3: Ledgers and Accounting Setup | 25% | - Configure Ledgers
|
| Topic 4: Period Close and Financial Reporting | 20% | - Perform Period Close
|
| Topic 5: Intercompany Accounting | 15% | - Configure Intercompany
|
1. The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
A) Secondary Balancing
B) Primary Balancing
C) Natural Account
D) Cost center
E) Intercompany Segment
2. Your customer uses Financials Cloud, Projects, Inventory, and SCM.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A) In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals.
B) Each product has its own Intercompany Accounting feature that needs to be configured separately.
C) Intercompany Balancing Rules are defined centrally and applied across Financials and Projects.
D) Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product.
3. After completing a business requirement mapping session, it has been decided that only single Currency Journals will be entered for this Company.
To achieve this requirement, on which two objects should you enable "Limit a Journal to a Single Currency"?
(Choose two.)
A) Profile option
B) Journal category
C) Journal sources
D) Journal lookup codes
E) Ledger options
4. In the implementation project, there is a requirement to add new transactional attributes to the journal approval notification.
Which two Business Intelligence catalog objects should you copy (or customize) and edit? (Choose two.)
A) The Style Template
B) The layout Template
C) The Data Model
D) Output type
E) The Sub Template
5. A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
A) Journal level
B) FBDI level
C) Subledger level
D) Adjustment only level
E) Balance level
Solutions:
| Question # 1 Answer: B,C,D | Question # 2 Answer: B,C | Question # 3 Answer: C,E | Question # 4 Answer: C,D | Question # 5 Answer: D |
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