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Q17. You want to enter budget data in Fusion General Ledger. Which method is not supported?
A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals
Answer: D
Explantion: Reference: http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm
Q18. Which three objectives must be considered when designing the chart of accounts?
A. Effectively manage an organization's financial business.
B. Consider implementing a single, global chart of accounts
C. Anticipate growth and maintenance needs as organizational changes occur.
D. Limit the number of segments to those you need today to reduce data entry.
E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
Answer: A,B,C
Q19. 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. Transaction Objects
B. Event Entities
C. Mapping Sets
D. Accounting attributes
E. Event Classes
Answer: A
Explanation:
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm
Q20. 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 Open Account Balances Listing report that has balances by customer.
B. Use the Third Party Control Account feature.
C. Use Supporting References to capture customer classification information.
D. Capture customer information as the source and develop a custom report using Online Transactional Business Intelligence (OTBI).
Answer: C
Q21. 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 does Oracle consider the best practice approach to performing consolidations?
A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
C. Use General Ledger’s Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment.
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: A
Explanation:
Reference:
http://www.oracle.com/us/solutions/business-intelligence/consolidation-solution- 1876985.pdf
Q22. Which three reporting tools are based on real-time data or balances?
A. Oracle Business Intelligence Applications (OBIA
B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)
Answer: B,D,E
Q23. Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.
Which two statements are correct?
A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.
B. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving.
C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.
D. While defining control for business unit one, disable control lor Purchasing, Payable Invoicing, and
Receiving.
E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.
F. Define budgetary control at ledger level and only encumbrance controls at the business units.
Answer: A,F
Q24. 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:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm