NEW QUESTION 1
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 2
Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

• A. General Ledger - Journal Transaction Balances Real Time
• B. General Ledger – Journal Balances Real Time
• C. General Ledger – Summary Journals Real Time
• D. General Ledger – Journals Real Time

Answer: D

NEW QUESTION 3
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 4
Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

• A. Supervisory level approval
• B. Cost center based approval
• C. Dynamic Approval Groups
• D. Management Chain approval
• E. Approval Groups

Answer: A

NEW QUESTION 5
How can your Accounting Manager expedite journal processing during the time-critical month-end close?

• A. by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (OTBI)
• B. by running the Journals report using Business Intelligence Publisher
• C. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending Approval from Other
• D. by using the Close Status monitor to drill down on the close status across ledgers

Answer: C

NEW QUESTION 6
Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on 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? (Choose two.)

• A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing
• B. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning
• 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 for Purchasing, Payable Invoicing, and Receiving
• E. Define budgetary control at ledger level and only encumbrance control at the business units
• F. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Answer: AD

NEW QUESTION 7
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 8
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 9
You want to process multiple allocations at the same time. What feature do you use?

• A. RuleSets
• B. Formulas
• C. General Ledger journal entries
• D. Point of View (POV)

Answer: A

NEW QUESTION 10
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 11
When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?

• A. Make sure to flatten the rows of the tree version
• B. Make sure the tree is active
• C. Make sure the tree version was published successfully
• D. Redeploy the chart of accounts

Answer: C

NEW QUESTION 12
Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

• A. Use the Freeze feauture on the tables to scroll through large amounts of data
• B. Run a Business Intelligence Publisher report with Excel as the output format
• C. Export the table to Excel
• D. Detach the table to resize it to the maximum size of the monitor.

Answer: AD

NEW QUESTION 13
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 14
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 15
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? (Choose two.)

• A. Additional intercompany rules will need to be defined for the two additional 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. Define Ledger balancing options to balance by second and third 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: AD

NEW QUESTION 16
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/16 was recorded for a purchase order.
The invoice was entered on 5/5/16, but the invoice accounting date was 4/20/16. The encumbrance journal for liquidating the purchase order encumbrance is dated 5/5/16.
What is causing this?

• A. The actual accounting date was set up under the encumbrance accounting Default Date Rule
• B. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule
• C. The subledger accounting option is set to system date
• D. The system date was set up under the encumbrance accounting Default Date Rule
• E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

Answer: B

NEW QUESTION 17
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. Account Analysis Reports
• B. Aging Reports
• C. an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
• D. Journals Reports

Answer: A

NEW QUESTION 18
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 three statements are true regarding the creation of a control budget? (Choose three.)

• A. The control budget structure has all the chart of account segments as budget segments
• B. Control budgets are always absolute to generate encumbrance accounting
• C. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore
• D. A control budget can allow override rules only if the control level is absolute
• E. A control budget can be associated with a different calendar than accounting calendar

Answer: BDE

NEW QUESTION 19
You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)

• A. Point of View (POV)
• B. Formulas
• C. Run Time Prompts (RTP)
• D. RuleSets

Answer: BCD

NEW QUESTION 20
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 21
What is the most efficient way to add a new year to the accounting calendar?

• A. Import the periods from a spreadsheet
• B. The application automatically populates the next year when you open the first period of a new fiscal year
• C. Add the periods manually
• D. Use the Add Year button

Answer: D

NEW QUESTION 22
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products? (Choose two.)

• A. Each product has its own Intercompany Accounting feature that needs to be set up separately
• B. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals
• C. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management
• D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Answer: BD

NEW QUESTION 23
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 subsidiar
• B. Any eliminating entries can be entered in yet another separate balancing segment
• C. Use Oracle Hyperion Financial Management for this type of complex consolidation
• D. 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.
• E. Define multiple ledgers for consolidation and report on ledger set

Answer: B

NEW QUESTION 24
You are using budgetary control. You have an open purchase order for $500 USD, and an invoice for $300 is matched to the purchase order. What will be the funds status of the purchase order and the invoice?

• A. Both are Partially Reserved
• B. The purchase order is Liquidated and the invoice is Partially Reserved
• C. The purchase order is Partially Liquidated and the invoice is Partially Reserved
• D. The purchase order is Partially Liquidated and the invoice will be Reserved
• E. Both are reserved
• F. The purchase order is Open and the invoice is Validated

Answer: C

NEW QUESTION 25
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