NEW QUESTION 1
Which feature outside of reporting and analysis leverages the Essbase cube?

• A. revaluations and translation to revalue and translate currencies stored in the Essbase cube
• B. calculation manager to perform allocations based on multidimensional balances and budgets
• C. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
• D. journal entries and journal approval to create journals that update balances to the cube directly

Answer: A

NEW QUESTION 2
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. In Financials Cloud, you must manually reconcile your intercompany account 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. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

Answer: D

NEW QUESTION 3
Management wants to use the budget transfer function available on the Review Budgetary Control Balances page. Which privilege is required to perform the budget transfer?

• A. Import Budget Amounts from Spreadsheet (XCC_IMPORT_BUDGET_FROM_SPREADSHEETS_PRIV)
• B. Import Budget Amounts (XCC_IMPORT_BUDGET_PRIV)
• C. Manage Control Budgets (XCC_MANAGE_CONTROL_BUDGETS_PRIV)
• D. Budget Loading (XCC_BUDGET_LOADING_DUTY_PRIV)

Answer: B

NEW QUESTION 4
You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

• A. Accounting Calendar
• B. Legal Entities, Business Units, and Chart of Accounts
• C. Chart of Accounts
• D. Chart of Accounts and Business Units
• E. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method

Answer: AC

NEW QUESTION 5
You operate in a country whose unstable currency makes it unsuitable for managing your day-to-day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

• A. Run Revaluation as often as you need to the more stable currency and report on the more stable currency’s balances
• B. Run Revaluation to translate into Statistical Currency
• C. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency
• D. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency

Answer: D

NEW QUESTION 6
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

• A. Posting performance is much faster
• B. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules
• C. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis
• D. 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
• E. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

Answer: CD

NEW QUESTION 7
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

Answer: A

NEW QUESTION 8
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)

• A. All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules.
• B. You can only define balancing rules for different journals’ source
• C. You cannot define balancing rules for different journal categories.
• D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types.
• E. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ys

Answer: AC

NEW QUESTION 9
Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

• A. Uncheck the Enable Posting from the Manage Subledger Accounting Options task.
• B. Journal entry spreadsheets are not impacted by this new function.
• C. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS.
• D. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

Answer: AD

NEW QUESTION 10
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

• A. You only need to assign the Legal Entity and Organization Contact
• B. You can only associate one Intercompany Organization per Legal Entity
• C. You must have implemented Payables Cloud and Receivables Cloud
• D. You must assign the corresponding Receivables and Payables Business Units

Answer: CD

NEW QUESTION 11
You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?

• A. Funds available will change when the invoice is approved
• B. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100
• C. The budget will increase by USD 100 and the funds available will decrease by USD 100
• D. The budget and funds available will increase by USD 100

Answer: B

NEW QUESTION 12
You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

• A. Use Smart View, which is an Excel Add-on
• B. Use Account Inspector that automatically creates graphs on financial balances
• C. When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph
• D. When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer: D

NEW QUESTION 13
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

• A. Two tree versions were not defined
• B. An Audit process needs to be successfully performed before a tree version can be set to Active
• C. Accounting Configuration was not submitted
• D. Chart of accounts was not deployed

Answer: B

NEW QUESTION 14
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.

Answer: B

NEW QUESTION 15
Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

• A. Data is summarized across segments that are not mapped to Hyperion Financial Management
• B. The unmapped segments default to future use segments in Hyperion Financial Management
• C. No data is transferred
• D. Errors occur for unmapped segment
• E. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management

Answer: D

NEW QUESTION 16
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

Answer: C

NEW QUESTION 17
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2021, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

• A. No change
• B. Purchase order encumbrance will be released for $2,100 USD
• C. Funds reservation only happens for non-matched invoices, so the system will not reserve funds
• D. As there are cancellations for $400 USD, the system will partially reserve the funds in September 2021 and fully reserve it in October 2021
• E. The system always consumes budget of future periods if the limit for the current period is expired, so October 2021 budget will be considered for reservation

Answer: BD

NEW QUESTION 18
Journal Description Rules are assigned to Subledger Journal Entry Rule Sets.
What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.)

• A. Accounting Date
• B. Chart of Accounts
• C. Journal Line Rules
• D. Account Rules
• E. Supporting References

Answer: CDE

NEW QUESTION 19
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. Nothin
• C. All report balances are drillable in all FR Studio reports
• D. Allow Expansion
• E. Report Functions

Answer: A

NEW QUESTION 20
After loading your budget data into General Ledger Cloud, you can view budget balances using these features. Which feature does not belong on the list?

• A. Application Development Framework Desktop Integration Budget Balances Report
• B. Account Monitor
• C. Smart View
• D. Account Inspector

Answer: A

NEW QUESTION 21
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

• A. Nothing has change
• B. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usage
• C. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgers
• D. CVRs only test new account combinations being inserted into the tabl
• E. They ignore any invalid account combinations already existing in the table
• F. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.

Answer: C

NEW QUESTION 22
Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.)

• A. You must map legal entities to balancing segment values in order to use a clearing company
• B. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
• C. Clearing companies are not supported
• D. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
• E. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal

Answer: BDE

NEW QUESTION 23
What are the two purposes of a secondary ledger? (Choose two.)

• A. It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options
• B. It should not be used when trying to meet local accounting requirements
• C. It is used to main balances in a different currency only
• D. It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting
• E. It should only be used to main balances for processing performance

Answer: AD

NEW QUESTION 24
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

Answer: BCE

NEW QUESTION 25
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