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Oracle Financials Cloud: General Ledger 2018 Implementation Essentials
Question No: 61
What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
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Transaction Objects
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Event Entities
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Mapping Sets
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Accounting attributes
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Event Classes
Answer: A
Reference:
https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm
Question No: 62
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
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Close all subledger periods.
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Close Intercompany periods in Fusion Intercompany.
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Freeze the Intercompany Journal source in General Ledger.
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Close the General Ledger period in the Manage Accounting Periods page.
Answer: B
Question No: 63
Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?
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Delete the journal and create a new journal.
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Update the journal through workflow
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Click the Withdraw Approval button in the Edit Journals page and edit the journal.
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Reverse the journaland create a new one.
Answer: B
Question No: 64
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?
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Translate only the adjusting journal entry.
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Rerun Revaluation and then rerun Translation
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Rerun Translation and then reconsolidate your result
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Enter another adjusting journal entry in the currency to true up the balances.
Answer: A
Question No: 65
Your customer wants to control spending against an annual budget but report balances on a monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?
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Create an annual budget with absolute control and so encumbrance accounting will work.
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Create a summary budget annually with advisory control and control budget monthly with absolute control.
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Create a Summary budget annually with absolute* control and monthly control budget with advisory or track control.
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Create two detail control budgets: annually with absolute control and monthly with advisory or track control.
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Create two detail control budgets: annually with advisory/track control and monthly with absolute control.
Answer: A
Question No: 66
On which three occasions are Essbase balances updated?
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Every time the tree version is published
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Every time journals are posted to the general ledger
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Every time you run the batch program called quot;Update Essbase Balancesquot;
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At report run-time
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Every time you open a new period
Answer: A,B,D
Question No: 67
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?
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Oracle Identity Manager Roles Assignment
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Access Policy Manager#39;s Role Generation
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Role Mappings
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Data Roles
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You cannot reassign contingent workers.
Answer: C
Question No: 68
You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?
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You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes.
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You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
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The tree should have at least two tree versions to reduce report and allocation maintenance.
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You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
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It is fine to have the same child value roll up to two or more different parent values.
Answer: B,C,E
Question No: 69
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?
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Use the Open Account Balances Listing report that has balances by customer.
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Use the Third Party Control Account feature.
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Use Supporting References to capture customer classification information.
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Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Answer: C
Question No: 70
In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?
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They can format each table by hiding and showing columns, moving columns, and resizing columns.
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They can use Personalization to move and remove regions from those pages.
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Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.
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They can have the System Administration customize pages for them using Page Composer.
Answer: C