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NEW QUESTION NO: 10
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/Reference:
Explanation:
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm

NEW QUESTION NO: 11
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 should be primary balancing 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, natural account segment, and intercompany segment, respectively.
C. 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.
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.
Answer: D

NEW QUESTION NO: 12
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/Reference:
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

NEW QUESTION NO: 13
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation report?
A. General Ledger Trial Balance report
B. Receivables to General Ledger Reconciliation report
C. AR Aging report
D. Receivables Aging by General Ledger Account report
Answer: B

NEW QUESTION NO: 14
Which two statements are true regarding the export/import of reports?
A. The export/import reports are available only for Fusion Customer Relationship Management.
B. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
C. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D. A set of reports lists user names, suppliers, and customers that have been exported/imported.
E. Reports on setup data can be used to compare and analyze how the data might have changed over time.
Answer: A,C

NEW QUESTION NO: 15
Invoices received from a source system need to use a specific account based on 30 different expense types. However, if the invoice is from a specific supplier type, it needs to go to a default account regardless of the account type.
What is the solution?
A. Create an Account Rule with 31 rule elements using one condition for each expense type and another for supplier type.
B. Create an Account Rule with two rule elements using one for expense type mapping and the other for the condition of supplier type.
C. Create two journal line rules with a condition of supplier type.
D. Create an Account Rule with three rule elements using one for expense type mapping, one for condition of supplier type, and the other without any conditions.
Answer: B

NEW QUESTION NO: 16
You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?
A. Data Roles
B. Access Policy Manager's Role Generation
C. You cannot reassign contingent workers.
D. Oracle Identity Manager Roles Assignment
E. Role Mappings
Answer: E

NEW QUESTION NO: 17
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
A. Close the General Ledger period in the Manage Accounting Periods page.
B. Freeze the Intercompany Journal source in General Ledger.
C. Close all subledger periods.
D. Close Intercompany periods in Fusion Intercompany.
Answer: D

NEW QUESTION NO: 18
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: A
Explanation/Reference:
Explanation:
To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps:
Purge all translated balances

Change the CTA account

Rerun translation

Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

NEW QUESTION NO: 19
Which three reporting tools are based on real-time data or balances?
A. Smart View
B. Oracle transactional Business Intelligence (OTBI)
C. Business Intelligence Publisher (BI Publisher)
D. Oracle Financial Reporting (FR)
E. Oracle Business Intelligence Applications (OBIA)
Answer: A,B,D

NEW QUESTION NO: 20
Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence Applications (OBIA).
A. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.
B. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Fusion Applications.
C. OTBI allows you to create custom reports from real-time transactional data against the database directly.
D. Cloud customers can use both OTBI and OBIA.
E. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source application.
Answer: A,B,C

NEW QUESTION NO: 21
You lust submitted the Accounting Configuration. Which two statements are correct?
A. A Data Access Set with full read/write access to the ledger is automatically created.
B. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.
C. Verify the data roles created and assign them to the General Ledger users.
D. Open the ledger's period to begin entering transactions.
Answer: D

NEW QUESTION NO: 22
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/Reference:
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm

NEW QUESTION NO: 23
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 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.
D. You must select the Offering "Financials," and each individual product or option to perform the setup for each product in Financials Cloud.
E. Selecting the Offering "Financials," automatically allows you to perform the setup for all Financials Cloud products.
Answer: D

NEW QUESTION NO: 24
Which three objectives must be considered when designing the chart of accounts?
A. Anticipate growth and maintenance needs as organizational changes occur.
B. Limit the number of segments to those you need today to reduce data entry.
C. Effectively manage an organization's financial business.
D. Consider implementing a single, global chart of accounts
E. Try to use all 30 segments and 25 characters per segment because you cannot change it later.
Answer: A,C,D

NEW QUESTION NO: 25
What Is Oracle Essbase?
A. A robust reporting and analysis tool
B. A relational database
C. A data ware house
D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in Fusion GeneralLedger
Answer: B
Explanation/Reference:
Explanation: http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?hybrid.htm

NEW QUESTION NO: 26
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: A
Explanation/Reference:
Reference: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAFCF/F1475837AN14CEF.htm

NEW QUESTION NO: 27
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. Enter another adjusting journal entry in the currency to true up the balances.
B. Rerun Translation and then reconsolidate your result
C. Translate only the adjusting journal entry.
D. Rerun Revaluation and then rerun Translation
Answer: B

NEW QUESTION NO: 28
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. It is fine to have the same child value roll up to two or more different parent values.
B. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
C. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
D. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes.
E. The tree should have at least two tree versions to reduce report and allocation maintenance.
Answer: A,C,E

NEW QUESTION NO: 29
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 prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.
B. The subledger accounting option Is set to system date.
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 actual accounting date was set up under the encumbrance accounting Default Date Rule.
Answer: D

NEW QUESTION NO: 30
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. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.
B. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.
C. Define two different charts of accounts.
D. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment.
Answer: D

NEW QUESTION NO: 31
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 and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment.
B. 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.
C. 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.
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: C
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