NEW QUESTION NO: 10
You need to distribute departmental expense reports to 100 department managers in your organization.
The report format is the same, but the department values differ.
What is the most efficient way to achieve this?
A. When defining the report, make the Department Segment a prompt and when users view the report, they can change the prompt to their department.
B. Set up Bursting Options for your batch to prepare multiple versions of a report from a single process.
C. 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.
D. 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.
Answer: D

NEW QUESTION NO: 11
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: A,B
Explanation/Reference:
Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F494861AN18482.htm

NEW QUESTION NO: 12
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. Journals Reports
B. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
C. Account Analysis Reports
D. Aging Reports
Answer: C
Explanation/Reference:
Reference: https://docs.oracle.com/cd/E56614_01/financialsop_gs/FAFTT/F1006651AN1B4CF.htm

NEW QUESTION NO: 13
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: D
Explanation/Reference:
Explanation:
If you accrue at period end, when you validate the invoice:
* The funds move from the obligation bucket to the expenditure bucket, so overall funds availability isn't impacted.
* The matched amount and any additional variances on the invoice are reserved as an expenditure and reduce the available funds.
* The PO funds status is updated to Liquidated or Partially Liquidated
Reference: https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAPPP.pdf (Page 115)

NEW QUESTION NO: 14
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
A. Close Intercompany periods in Fusion Intercompany.
B. Close all subledger periods.
C. Freeze the Intercompany journal source in General Ledger.
D. Close the General Ledger period in the Manage Accounting Periods page.
Answer: D

NEW QUESTION NO: 15
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. Suppliers and Customers
B. Banks, Bank Accounts, and Branches
C. setup data for Receivables and Payables products
D. complete Accounting Configuration
E. chart of account values, accounting calendar, and ledger
Answer: A,B,E

NEW QUESTION NO: 16
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. 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.
B. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager.
C. Use the spreadsheet loader from the Currency Rates Manager.
D. Edit existing transactions and update the rates manually.
E. Import daily rates through the Daily Rates open interface table.
Answer: A,B,E

NEW QUESTION NO: 17
Which three reporting tools are based on real-time data or balances?
A. Oracle Business Intelligence Applications (ОВIA)
B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle Transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)
Answer: C,D,E
Explanation/Reference:
Reference: http://www.biztech.com/campaigns/2015/Collaborate15/presentations/1.How-Do-I-Get- Financial-Reports-from-the-Cloud.pdf (Slide 39)

NEW QUESTION NO: 18
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 subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
B. Define multiple ledgers for consolidation and report on ledger set.
C. 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.
D. Use Oracle Hyperion Financial Management for this type of complex consolidation.
Answer: A

NEW QUESTION NO: 19
Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts.
What is a more automated approach to do this?
A. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.
C. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.
D. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.
E. In Financials Cloud, you must manually reconcile your intercompany account balances.
Answer: C

NEW QUESTION NO: 20
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,E
Explanation/Reference:
Reference: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110431AN6EBA9.htm

NEW QUESTION NO: 21
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. Only obligation type will have $400 USD funds available.
B. Invoice type will have less funds available by $400 USD.
C. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of
$400 USD.
D. $400 USD will be expired and not available for use.
E. $400 USD will be added back to available funds.
Answer: E

NEW QUESTION NO: 22
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 recommended 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: C
Explanation/Reference:
Reference: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e20374/F1021769AN39317.htm

NEW QUESTION NO: 23
Your customer is having issues transferring intercompany transactions to General Ledger.
Identify three reasons for this.
A. The intercompany transaction is not approved.
B. Import Payables and Receivables invoices is not run.
C. If they are different, then the exchange rate is missing between the intercompany and general ledger currency.
D. The intercompany period is closed.
E. Both the intercompany and general ledger periods are open.
Answer: A,B,D

NEW QUESTION NO: 24
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 Third Party Control Account feature.
B. Use the Open Account Balances Listing report that has balances by customer.
C. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
D. Use Supporting References to capture customer classification information.
Answer: B

NEW QUESTION NO: 25
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?
A. 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.
B. Posting performance is much faster.
C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
Answer: B,D

NEW QUESTION NO: 26
After submitting the journal for approval, you realize that the department value in the journal is incorrect.
How do you correct the value?
A. Reverse the journal and create a new one.
B. Update the journal through workflow.
C. Delete the journal and create a new journal.
D. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
Answer: D

NEW QUESTION NO: 27
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. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
B. 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.
C. You can create a rule for all sources and categories by selecting the source "Other" and the category
"Other."
D. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.
Answer: A,B
Explanation/Reference:
Explanation:
It is therefore recommended that you set up a chart of accounts rule for every chart of accounts structure you have. This will ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.
Intercompany Balancing will then evaluate the journal source and journal category combination in determining which rule to use for balancing.
Reference: http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484501AN2545D.htm

NEW QUESTION NO: 28
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. Event Class
C. Journal Line Rule
D. Journal Entry
E. Journal Entry Rule Set
Answer: E

NEW QUESTION NO: 29
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products?
A. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub.
B. Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project Management and Supply Chain Management products.
C. Each product has its own Intercompany Accounting feature that needs to be set up separately.
D. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger intercompany journals.
Answer: A,D

NEW QUESTION NO: 30
You need to define multiple allocation rules as efficiently as possible. Which three components can be reused across allocation rules?
A. RuleSets
B. Formulas
C. Point of View (POV)
D. Run Time Prompts (RTP)
Answer: A,C,D
Explanation/Reference:
Reference: https://docs.oracle.com/cd/E37017_01/fusionapps.1115/e20374/F494861AN1D1EE.htm

NEW QUESTION NO: 31
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. Run a Trial Balance before and after posting.
B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances.
C. View the Projected Balances region in the Create Journals page.
D. Query the account balance online.
Answer: A

NEW QUESTION NO: 32
Identify three functions of Functional Setup Manager.
A. Centrally manage the close processes across subledgers and ledgers.
B. Assign setup tasks to individuals with due dates where users must manually update their completion status.
C. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
D. Provide a central place to access and perform all of the setup steps across Cloud application products.
E. Automatically mark the status of tasks as Completed after they have been completed.
Answer: A,B,D

NEW QUESTION NO: 33
Fusion Accounting Hub includes Hyperion Data Management.
For which two tasks can Hyperion Data Management be used?
A. integration with transactions from external feeder systems
B. cross-validation rules
C. data access and security
D. chart of accounts master data maintenance
E. chart of accounts hierarchy maintenance
Answer: A,E

NEW QUESTION NO: 34
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. Business Units functions
B. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
C. Data Access Sets
D. Reference Data Sets
Answer: D

NEW QUESTION NO: 35
Your customer wants to have balance sheets and income statements for its cost center and program segments. That is, the customer wants to have three balancing segments.
Which two recommendations would you give your customer?
A. Define Ledger balancing options to balance by second and third balancing segments.
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. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
Answer: C,D

NEW QUESTION NO: 36
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. A control budget can be associated with a different calendar than accounting calendar.
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. Control budgets are always absolute to generate encumbrance accounting.
E. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.
Answer: A,D

NEW QUESTION NO: 37
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. Accounting attributes
B. Event Entities
C. Transaction Objects
D. Mapping Sets
E. Event Classes
Answer: C
Explanation/Reference:
Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569960AN52F30.htm (transaction objects)

NEW QUESTION NO: 38
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. The application automatically populates the next year when you open the first period of a new fiscal year.
D. Import the periods from a spreadsheet.
Answer: C

NEW QUESTION NO: 39
Which two delivered roles can access the full functionality of Functional Setup Manager?
A. Functional Setup Manager Superuser
B. Application Implementation Manager
C. Application Implementation Consultant
D. any functional user
E. IT Security Manager
Answer: A,B
Explanation/Reference:
Reference: https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e49599/F1110416AN100A5.htm

NEW QUESTION NO: 40
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:
Reference: https://docs.oracle.com/cloud/farel9/financialscs_gs/FACSF/F1004387AN149DD.htm