Cert 4 Sure

Oracle financial cloud

General ledger 2022 essential
Question: 1
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
https://docs.oracle.com/cd/E29597_01/fusionapps.1111/e20375/F350915AN290C1.htm

Next, after defining the tree versions, publish account hierarchies (tree versions) to the cube. Before publishing, set the following
profile option: Display Only Segment Value Description in the Cube Alias. Consider the following points when setting the profile
option.

Question: 2
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

https://docs.oracle.com/en/cloud/saas/financials/22a/faigl/examples-of-ledger-sets.html#s20027937

When you use multiple ledgers, you can group all types of ledgers in a ledger set. For example, group primary ledger, secondary
ledgers, and reporting currencies (journal and subledger levels) as long as they share the same chart of accounts, calendar and
period type.

Question: 3
You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?
A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
B. Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the status of each period
C. Run Closing Status reports
D. Use Close Monitor in General Accounting Dashboard

Ans is D not C
https://docs.oracle.com/en/cloud/saas/financials/22a/faigl/overview-of-close-monitor.html#s20035013

Overview of Close Monitor

The Close Monitor:Provides information about the period close status for a given accounting period across multiple products for
related ledgers in a hierarchical ledger set based display.

Question: 4
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is
Oracle’s recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers
should be used?
A. Define three segments for the company, department, and natural account. The qualifiers for the first segment should be
primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
B. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be
primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively.
C. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing
segment, cost center segment, and natural account segment, respectively.
D. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers
should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier,
respectively.

Question: 5
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

Question: 6
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
A. Never use the Outer Point of View (POV)
B. Always use the Outer Point of View (POV)
C. Specify Run Time Prompts (RTP)
D. Only specify segment values in formulas

White Paper on Allocations In Fusion General Ledger (Doc ID 1368787.1)

Enter values that will remain constant into the outer POV.

Question: 7
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

Question: 8
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

Question: 9
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

Allocation components include run-time variables, rules, formulas, and rule sets. These components are stored in Oracle Essbase
Run-Time Prompt Variable Before defining a rule, you can define a run-time prompt (RTP) variable. A RTP variable is an optional
component of a rule.
White Paper on Allocations In Fusion General Ledger (Doc ID 1368787.1)

Question: 10
The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of funds
availability. Where must you define the details while analyzing budget balances in the Budget Account Monitor page?
A. Budget Controller
B. Budget Group
C. Account Group
D. Budget Account Group
E. Application Development Framework Desktop Integration (ADFdi)
Account groups are easy-to-use reporting components that save queries on account balances that
require regular monitoring. The balances within the account monitor can be set to Always Display or
only display when the threshold condition is met.

https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r11/wn/r11_financials_wn.htm#_Account_Group_and

Question: 11
What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds
availability? (Choose two.)
A. The purchase order is canceled or finally closed or rejected without performing any receipt or invoice
B. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes
back to the extent of the unreceived amount
C. The requisition reserved successfully undergoes amendment and is rejected in the reapproval
D. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes
back to the budget to the extent of the unbilled amount

R11i/12: PO: FAQs - Encumbrance Accounting - Setup And Usage (Doc ID 1086669.1)
Under what situation encumbrance created on the Purchase Order goes back to the budget or funds availability?

a) When the purchase order is canceled/finally closed/unreserved/rejected without performing any receipt or invoice
b) When the purchase order is set to accrue at receipt and partially received and then canceled/finally closed/unreserved,
encumbrance goes back to the budget to the extent of unreceived amount
c) When the purchase order is set to accrue at period end and partially billed and then canceled/finally closed/unreserved,
encumbrance goes back to the budget to the extent of unbilled amount

Question: 12
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\
https://docs.oracle.com/en/cloud/saas/financials/21d/faigl/allocations-and-periodic-entries.html

Question: 13
Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance
reports, that can be configured to extract the data in Rich Text Format or xml?
A. Oracle Transactional Business Intelligence (OTBI)
B. Business Intelligence Publisher (BI Publisher)
C. Financial Reporting Center
D. Smart View
E. Oracle Data Visualization Cloud Service

https://docs.oracle.com/en/cloud/saas/financials/21c/ocuar/introduction-to-financial-reporting.html#OCUAR224881

High volume operational reporting with configurable templates for financial applications.
Oracle Business Intelligence Publisher (BI Publisher) reports are submitted to show the latest application transactional data using
the Enterprise Scheduler System (ESS) from either the Scheduled Processes page or from an application-specific work area.

Question: 14
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
A. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to
users and products
B. You can use hierarchies to define rules
C. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
D. The Segment Value Security rules do not take effect until you assign the rules to users and products
Note: To ensure segment value security applies properly throughout Oracle Fusion General Ledger, make sure that every user
who's working with that secured value set is assigned at least one of those roles.
https://docs.oracle.com/en/cloud/saas/financials/22a/faigl/when-does-security-take-effect-on-chart-of-accounts-value-
sets.html#s20035994

Question: 15
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.)
A. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies
B. whether to allow receivers to reject intercompany transactions
C. automatic or manual batch numbering and the minimum transaction amount
D. automatic or manual batch numbering and the maximum transaction amount
E. the approvers who will approve intercompany transactions

https://docs.oracle.com/en/cloud/saas/financials/21c/faigl/intercompany-setup.html#FAIGL660078

The system options are:

Intercompany Batch Numbering
Intercompany Currency
Minimum Transaction Amount
Conversion Rate Type
Allow Receiver to Reject Transaction
Intercompany Calendar and Period Type
Default Transaction Type
Summarize Distributions for Receivables Invoicing

Question: 16
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A. Journal Source
B. Journal Category
C. Journal Batch
D. Journal Description
https://docs.oracle.com/en/cloud/saas/financials/22a/faigl/create-an-autopost-criteria-set.html#s20026799
Create a criteria set that includes all your subledger sources. Create multiple criteria sets by source only if you must schedule
different posting times to balance close activities or reduce processing time.

Question: 17
Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for a purchase order.
The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the
purchase order encumbrance is dated 5/5/19. 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

Question: 18
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.

https://docs.oracle.com/en/cloud/saas/financials/21d/oefbf/importaccountcombinations-
3036.html#importaccountcombinations-3036

Scheduled process
Import Account Combinations

Tables
GL_BULK_COMBINATIONS_INT

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. Nothing. All report balances are drillable in all FR Studio reports
C. Allow Expansion
D. Report Functions
Answer: A

https://docs.oracle.com/en/cloud/saas/financials/21b/faigl/financial-reporting.html#FAIGL3626722
In the Grid Properties pane:Click the Drill Through option to allow drilling from the report to the General Ledger transaction data.

Question: 20
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
A. Anticipate growth and maintenance needs as organizational changes occur
B. Effectively manage an organization’s financial business
C. Try to use all 30 segments and 25 characters per segment because you cannot change it later
D. Consider implementing a single, global chart of accounts
E. Limit the number of segments to those you need today to reduce data entry

Question: 21
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)
A. Application Composer
B. Oracle Enterprise Repository
C. Oracle Transactions Business Intelligence
D. Financial Reporting Studio
E. Smart View
Answer: C,D,E

https://docs.oracle.com/en/cloud/saas/financials/21c/ocuar/introduction-to-financial-reporting.html#OCUAR224881

Question: 22
Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have
balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is
availablefor account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last
period of the year 2012 to the first period of year 2013. Which statement is true?
A. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and
expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward
B. The Encumbrance Year End Carry Forward process will run for all the accounts to carry forward the general ledger balances
C. If you have included 5020 and 5021 in the encumbrance rule, then obligation $10,000 USD and expenditure $20,000 USD only
will be carried forward.
D. If you have included 5020 and 5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and
expenditure $20,000 USD only will be carried forward.
E. If you have included 5020 and 5021 in the encumbrance rule, then only the obligation of $10,000 USD will be carried forward

Question: 23
Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both
financial and management reporting. What is Oracle’s recommended method for doing this?
A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three
business dimensions
B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting
C. Create three segments for the Company, Line of Business, and Product segments and qualify them as primary balancing
segment, second, and third balancing segments, respectively
D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable
secondary tracking for the Product segment

Question: 24
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

Intercompany and Interproject Billing Setup (Doc ID 2196841.1)

https://docs.oracle.com/en/cloud/saas/financials/21c/faigl/intercompany-setup.html#FAIGL1592956

Question: 25
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either
spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be
proactively notified of account anomalies in a more timely manner?
A. Account Monitor
B. Financial Reports with Embedded charts
C. Smart View
D. Account Inspector and its charts

Question: 26
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

https://docs.oracle.com/en/cloud/saas/financials/22a/fappp/what-happens-to-the-available-funds-when-i-perform-a-final-
match.html#s20045900

What happens to the available funds when I perform a final match on a purchase order that requires budgetary control?The
purchase order is finally closed, which releases funds for the quantities that aren't received or invoiced.For example, if a purchase
order for 1,000 USD has only one invoice for 600 USD, the final closing of the purchase order releases the 400 USD from the
purchase order and adds it to the available funds.

Question: 27
You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, 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 2016 and fully reserve it in
October 2016
E. The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will
be considered for reservation

Question: 28
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

https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/general-ledger-account-analysis-reports.html
The account analysis reports assist in reviewing journals and related transactions. You can use these reports as part of your
reconciliation process and in preparation of your closing entries.

Question: 29
You are defining intercompany balancing rules that are applied to a specific source and category, such as payable and invoices, or
a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct? (Choose two.)
A. You can create a rule for all sources and categories by selecting the source “Other” and the category “Other”.
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 must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will
not work.
D. 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.

https://docs.oracle.com/en/cloud/saas/financials/22a/faigl/intercompany-balancing-rules.html#s20032116
You can define intercompany balancing rules at these levels in order:Primary balancing segment, Legal entity,Ledger,Chart of
accounts
You can define 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. Alternatively, you can choose to create rules for all sources and categories by
selecting the source of Other and the category of Other.

Question: 30
The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes
are made to the accounting configuration. Once the deletion process completes, what additional process must you run?
A. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that
are consistent with future translations.
B. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that
are consistent with future translations.
C. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that
are consistent with future translations.
D. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that
are consistent with future translations.
https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/how-translated-balances-are-deleted.html#s20062605
You must run the Delete Translated Balances process
After the process completes, you must run the Create General Ledger Balances Cube process to ensure that the balances cube
maintains translated balances that are consistent with future translations.

Question: 31
What are the three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle Business Intelligence
Applications (OBIA)? (Choose three.)
A. Cloud customers can use both OTBI and OBIA
B. OTBI allows you to create custom reports from real-time transactional data against the database directly
C. OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source
applications.
D. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business
performance.
E. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Question: 32
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’ sources. You cannot define balancing rules for different journal
categories.
C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction
types.
D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ys

Question: 33
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. Query the account balance online
B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
C. View the Projected Balances region in the Create Journals page
D. Run a Trial Balance before and after posting
https://docs.oracle.com/en/cloud/saas/financials/22a/faiac/projected-balances.html#s20031239
Use the projected balances feature to view the impact on account balances for selected subledger journal entry lines.
The projected balances flow has the following business benefits:
The creation and validation of unposted manual journal entries by providing immediate information about the account balances
for the selected journal lines.
The validation and reconciliation of posted journal entries by providing immediate information about the account balances for
the selected journal lines.

Question: 34
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)
https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/add-an-allocation-rule-to-an-allocation-rule-set.html#s20036078
You can add an allocation rule to an allocation rule set that belongs to the same application type. The rules in the rule set can be
launched sequentially or simultaneously.

Question: 35
Most of the accounting entries for transactions form 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. Journal Entry Rule Set
B. Event Type
C. Journal Line Rule
D. Journal Entry
E. Event Class
https://docs.oracle.com/en/cloud/saas/financials/22a/faisl/journal-line-rules.html#s20030802

Question: 36
You want to enter budget data in General Ledger Cloud. Which method is not supported?
A. Entering budget journals
B. Application Development Framework Desktop Integration (ADFdi)
C. Direct budget balance updates from a Financial Statement in Smart View
D. File-based Data Import
Question: 37
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

Question: 38
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

Question: 39
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
https://docs.oracle.com/en/cloud/saas/financials/22a/occar/add-formats-and-graphs-to-a-financial-reporting-
report.html#s20071133

Question: 40
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

Question: 41
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
https://docs.oracle.com/en/cloud/saas/financials/22a/faofb/General-Ledger--Journals-Real-Time-SA-
14.html#General_Ledger__Journals_Real_Time_SA_14_d2e5528

Question: 42
You need to create a month-end reporting package for an upcoming Audit Committee meeting, you have 10 financial reports
that you want to share with executives and auditors that are nicely formatted. Identify the two Oracle recommended ways to
accomplish this. (Choose two.)
A. Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee
B. Use a report batch to run reports at a specific time to create a set of snapshot reports
C. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
D. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the
spreadsheet
E. Use OTBI to create multiple reports that you save to a folder that only the users can access

Question: 43
The expense account of airfare was erroneously assigned to the account type “Liability”. Which method should you choose to fix
the problem?
A. Deactivate the value
B. Run the “Segment Value Inheritance” program
C. Run the “Correct Misclassified Account” program
D. Run the “Update Balance Cube Chart of the Accounting Dimension” program
How To Detect And Correct Misclassified Accounts (Doc ID 1526180.1)

Question: 44
You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated
your results. What is Oracle’s recommended practice when this occurs?
A. Translate only the adjusting journal entry
B. Rerun Translation and then reconsolidate your results
C. Rerun Revaluation and then rerun Translation
D. Enter another adjusting journal entry in the target currency to true up the balances
https://docs.oracle.com/en/cloud/saas/financials/21d/faugl/accounting-period-close.html#FAUGL1192172
If changes are required after translation has already run, you must delete the translated balances, rebuild the balances cube, and
rerun the translation process.

Question: 45
Which AMX builder method is most effective in ; 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
https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm
This method is most effective when the General Accountant enters the journals. For example, if an accountant enters a journal,
he needs approval from his manager. If his manager enters a journal he needs approval from his manager and so on up the
hierarchy for the specified number of levels. Self approval can be set at any levels in the hierarchy.

Question: 46
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
https://docs.oracle.com/cd/F46511_01/fscm92pbr41/eng/fscm/spog/UsingPartialandFinalLiquidation-
9f39ea.html?pli=ul_d4497e105_spog

Question: 47
How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?
A. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent
further usage
B. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the
General Ledger and the subledgers
C. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already
existing in the table
D. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code
combination.
Suppose you define a new cross-validation rule, but have existing entries in your combinations table that violate the rule. Since
the existing combinations pre-date the rule, your flexfield continues to treat them as valid. However, if your end user tries to
create a new combination that violates your new rule, your flexfield returns an error message and rejects the
combination.https://docs.oracle.com/cd/A60725_05/html/comnls/us/fnd/crossv01.htm

Question: 48
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 feature 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.

Question: 49
You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which
two actions should you now perform? (Choose two.)
A. Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger
B. Define Journal Conversion Rules that include subledgers in orderto transfer subledger transactions
C. Define Journal Conversion Rules that exclude subledgers
D. Assign a Subledger Accounting Method to the secondary ledger
E. Define Supporting References with balances
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484499AN19B45.htm
Note: Journal conversion rules, based on the journal source and category, are required to provide instructions on how to
propagate journals and types of journals from the source ledger to the secondary ledger.

Question: 50
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

Question: 51
You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?
A. Freeze the Intercompany journal source in General Ledger
B. Close all subledger periods
C. Close the General Ledger period in the Manager Accounting Periods page
D. Close Intercompany periods in Fusion Intercompany

Question: 52
On which three occasions are Essbase balances updated? (Choose three.)
A. every time the tree version is published
B. every time you run the batch program called “Update Essbase Balances”
C. every time you open a new period
D. every time journals are posted to the general ledger
E. at report run-time
Transfer General Ledger Balances To Essbase Program FAQ (Doc ID 1664079.1)
An2:Oracle Essbase is embedded within Oracle Fusion General Ledger and provides multidimensional balances cubes. Every time
a transaction orjournal is posted in General Ledger, the balances cubes are updated at the same time, therefore the program
"Transfer General Ledger Balances to Essbase"is only run manually in exception cases which can range from the cube creation
program not completing successfully or issues with the open period program.Those instances should be reviewed in a case by
case bases.
An1:When a new hierarchy is created for a segment or security is enabled on a segment of the accounting flexfield it's not
necessary to run theTransfer General Ledger Balances to Essbase program.Those changes will be reflected in the cube by
publishing the hierarchy of the segment.You can use the Publish Account Hierarchies page to Publish Account Hierarchies
pushing the changed settings to the Essbase cube.
https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/overview-of-oracle-essbase-balances-cubes.html
https://docs.oracle.com/cd/E29597_01/fusionapps.1111/e20375/F350915AN290C1.htm#F856548AN29EAA- Is automatically
synchronized by the following general ledger processes: posting, open period, and translation.
Question: 53
You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)
A. You must re-deploy the chart of accounts
B. A Data Access Set with full read/write access to the ledger is automatically created
C. You must define a Data Access Set to obtain full read/write access to ledgers in the Accounting Configuration
D. You must assign the job role and data security context to each
userhttps://docs.oracle.com/cd/E29597_01/fusionapps.1111/e20375/F350915AN290C1.htm#F856548AN29EAA - The
application or the balances cube that is currently selected in the General Ledger Data Access Set is automatically selected in the
Calculation Manager.

Question: 54
In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose 2)
A. Users have very little control their Springboards and Work Areas; they can only resize columns
B. They can use Personalization to move and remove regions from those pages
C. They can have the System Administration customize pages for them using Page Composer
D. They can format each table by hiding and showing columns, moving columns, and resizing columns
https://docs.oracle.com/applications/falcm12/OADTC/GUID-7A38E4EA-551C-407D-8E7C-A07AD3887D7A.htm#OADTC1473
Personalization includes changes based on user behavior (such as changing the width of a column in a table), changes the user
elects to save, such as search parameters, or composer-based personalizations, where an end user can redesign aspects of a
page.
https://docs.oracle.com/en/cloud/saas/applications-common/21c/oacpr/tables.html#OACPR2126869
How to customize the Navigator Menu and Springboard in Fusion Applications ? (Doc ID 2047697.1)

Question: 55
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. Use Oracle Hyperion Financial Management for this type of complex consolidation
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. Define multiple ledgers for consolidation and report on ledger set
How To Do Consolidation In Oracle Fusion Financials? (Doc ID 2317221.1)
Reporting only Consolidation Method:This method is used when all subsidiaries and the corporate ledger share the same
calendar.https://www.oracle.com/a/ocom/docs/applications/epm/oracle-financial-consolidation-and-close-ds.pdf

Question: 56
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose 2)
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
https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/overview-of-oracle-essbase-balances-cubes.html#s20035601
Oracle Essbase is embedded within Oracle General Ledger and provides multidimensional balances cubes. Every time a
transaction or journal is posted in General Ledger, the balances cubes are updated at the same time.At the time users create
their chart of accounts, the Oracle Essbase cube is created automatically. If a cost center is added or a date-effective hierarchy is
modified, Fusion General Ledger automatically creates or modifies the corresponding cube hierarchy in Essbase. As
transactions/journals are posted, Fusion General Ledger automatically updates the multi-dimensional balances to ensure that
balances are always in sync and up-to-the-minute accurate. No batch programs need to be run to populate the multidimensional
balances, it is all happening in real-time whenever a journal or transaction is posted.
https://apps2fusion.com/old/item-3/67-oracle-fusion/fusion-applications/fusion-financials/714-essbase-cube-in-fusion-
application

Question: 57
Which tool can you use to create a Financial Income Statement?
A. One View Reporting
B. PS/nVision
C. Account Inspector
D. Rapid Implementation Enterprise Structures setup
For standard financial reports like income statements, balance sheets, and cash flow statements, the most popular tool is
Oracle's Financial Reporting Studio (FRS), which relies on data from the Oracle Fusion GL Balances cube.
Account Monitor and Account Inspector: Financial analysts monitor and track key account balances in real time at every level of
your dimensions and hierarchies. These tools provide multidimensional account analysis and drill down capability.
https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569980AN6DF48.htm

Question: 58
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

Question: 59
You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?
A. Create an Account Group using Account Monitor
B. Use Account Inspector
C. Open a Smart View file saved on your desktop
D. Perform an account analysis online
General Accounting Dashboard, which provides access to Account Groups: Uses the Account Monitor to efficiently monitor and
track key account balances in real time.https://docs.oracle.com/en/cloud/saas/financials/21d/faigl/financial-
reporting.html#FAIGL513446

Question: 60
Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose
three.)
A. Controller
B. General Accountant
C. General Accountant Manager
D. Business Intelligence Administrator (BI Admin)
E. Financial Analyst
Fusion Accounting Hub Reporting Cloud ( FAHRCS )Troubleshooting Steps Check List (Doc ID 2145618.1)
Which roles user need to assign to Fusion user from APM (Authorized policy Manager )Select 'Application Role' as obi and BI
Author -> External Role Mapping -> Give below roles
1.General Accounting Manager role
2.General Accountant role
3.Financial Analyst role

Question: 61
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

https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569960AN52F30.htm

Subledger journal entry rule set assignments can be made at two levels, header and line. The following are the subcomponents of
a subledger journal entry rule set:

Description rules
Journal line rules
Account rules
Supporting references

Question: 62
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value
security rules for the Company segment. What is Oracle’s recommended method to define this chart of accounts?
A. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment
B. Define two different charts of accounts
C. Share the same value set for the company and intercompany segments to reduce chart of accounts
maintenance
D. Use two different value sets for the company and intercompany segment because segment value security rules are at the
value set level

Used for two or more segments in the same chart of accounts, such as the primary balancing and intercompany segments.
Shared across different segments of different charts of accounts. If you want to secure only the primary balancing segment and
not the intercompany segment, then these two segments must use different value sets.

If you enable segment value security on the primary balancing value set, the security enforcement won't conflict with the
Intercompany segment because the value sets for the two segments will be different. The same holds true if you enable segment
value security on the intercompany value set. Security enforcement won't conflict with the Primary Balancing segment.

https://docs.oracle.com/en/cloud/saas/financials/21d/faigl/financial-structures.html#FAIGL2137329

Question: 63
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 segments. You must map multiple segments from source general ledgers to the target segment in
Hyperion Financial Management

https://docs.oracle.com/cd/E57185_01/AGFDE/validation_with_mapping_errors.htm

Because newly added dimension members may be unmapped, the addition of dimension members to source systems can
produce validation errors. If a dimension member is unmapped, the Validate fish is grey and a Validation Error screen is launched
in the Workbench, which shows the number of dimension members that are not mapped (consequently, undefined). You must
correct any unmapped dimension members before running the validation again.

Question: 64
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)

https://docs.oracle.com/en/cloud/saas/financials/21d/oafrm/Budget-Manager-privileges.html#Budget_Manager_d127e66986

Question: 65
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two options explain
that? (Choose two.)
A. The Account Rule’s conditions are not defined
B. The Account Rule’s chart of accounts has no account values assigned
C. The Account Rule is defined with a different chart of accounts form the Journal Entry Rule Set
D. The Account Rule is using sources assigned to different event classes from that of the associated Journal Entry Rule Set

Account Rules Are Not Visible When Creating Journal Entry Rule Set (Doc ID 2632468.1)
Some rules have sources not associated to the Event Class.
Review the definition of the Journal Line Rules 'Advanced Option' tab
Unable to Assign an Account Rule to Journal Line Rule in Journal Entry Rule Set (Doc ID 1449560.1)
If the LOV for the Account Combination Rule field does not display the expected values check the following on the Account Rule
in question:
- Chart of Accounts value matches the COA on the Journal Entry Rule Set or is null
- If the Account Rule contains sources, those sources must be assigned to the Event Class in question
- Account Rule must be of type 'Account Combination`

Question: 66
Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center
segment and program segment levels. 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. Additional intercompany balancing and clearing options will need to be defined
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
Explanation:
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm
Click the Enable intercompany accounting for the Intercompany option to enable automatic balancing by the application for
primary, second, and third balancing segments (if implemented) on intercompany journal entries and transactions.
Note: To complete the intercompany accounting functionality, you must define intercompany rules.

Question: 67
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
Oracle Fusion Intercompany Reports (Chapter 5) 21C

Question: 68
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

For invoices requiring budgetary control, canceling an invoice also reverses the expenditure funds consumed, and for matched
invoices, restores the previously obligated funds for the purchase order.
https://docs.oracle.com/en/cloud/saas/financials/21c/fappp/invoices.html#FAPPP211098

Question: 69
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

https://docs.oracle.com/cd/E18727_01/doc.121/e13627/T312864T371267.htm
Note: Reporting currencies are not intended as a replacement for the General Ledger translation function.
Consider using reporting currencies when any of the following conditions exist:
 You operate in a country that is part of the European Economic and Monetary Union (EMU), and you choose to account for
and report both the euro and your National Currency Unit (NCU).
 You operate in a country whose unstable currency makes it unsuitable for managing your 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.

Question: 70
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

Explanation:
https://docs.oracle.com/cd/E51367_01/financialsop_gs/OAACT/F1005378AN156C9.htm
Use the tree structure audit results to verify the tree structure's correctness and data integrity. The audit results include the
following details:
 The name of the validator, which is a specific validation check
 The result of the validation, including a detailed message
 Corrective actions to take if there are any validation errors

Question: 71
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability to drill down to originating
transactions. Which three features facilitate this? (Choose three.)
A. Sunburst reports
B. Online Transactional Business Intelligence
C. Account Inspector
D. Account Monitor
E. Smart View
https://docs.oracle.com/en/cloud/saas/financials/21c/ocuar/oracle-fusion-general-ledger.html#OCUAR1192194

Question: 72
You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed
by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)
A. Deploy your chart of accounts
B. Use HCM’s Enterprise Structure Configurator (ESC) first
C. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the
value sets
D. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies
E. Use the Rapid Implementation spreadsheet when creating your enterprise structure

Question: 73
Your customer has a large number of legal entities. The legal entity values are defined in the company segment which represents
the primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you
recommend?
A. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature
in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment
value of the legal entity with which you are trading
B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you
based on the intercompany rules to define
C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the
primary balancing segment and intercompany segment
D. There is no need to define an intercompany segment. You can track the intercompany trading partner using distinct
intercompany receivable/payable natural accounts to identify the trading partner

https://docs.oracle.com/en/cloud/saas/financial-consolidation-cloud/agfcc/intercompany_eliminations.html

Question: 74
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

https://docs.oracle.com/cd/E18727_01/doc.121/e12794/T463896T463899.htm

Question: 75
You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the
subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which
two aspects should you consider when defining your AutoPost Criteria? (Choose two.)
A. Use the All option for category and accounting period to reduce maintenance and ensure that all imported journals are
included in the posting process
B. Create your AutoPost criteria using minimal sources and categories
C. Include all of your subledger sources in the AutoPostCriteriA. Divide up criteria sets by subledger source only if you need to
schedule different posting times
D. Schedule your AutoPost Criteria set to run during off-peak hours only

Question: 76
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. 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
B. 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.
C. 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 creates a ledger set across all ledgers
and report on the ledger set.
D. Use Oracle Hyperion Financial Management for this type of complex consolidation.
How To Do Consolidation In Oracle Fusion Financials? (Doc ID 2317221.1)
Balance Transfer Consolidation Method:

In case where multiple subsidiaries and the corporate ledger do not share the same chart of accounts and calendar we can take
the help of Balance Transfer Consolidation method where-The subsidiaries use local charts of accounts and currencies. The
Corporate ledger uses a corporate chart of accounts and currency.The subsidiaries use balance transfers to convert the local
balances to the corporate chart of accounts and currency.

Question: 77
During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have
already been assigned and journals have been posted. Select the process that allows you to change the qualifier back to cost
center qualifier.
A. Create a new chart of accounts.
B. Delete the segment and create a new segment with the correct qualifier.
C. Change and save the segment qualifier.
D. Delete the chart of accounts and create a new one.

https://support.oracle.com/epmos/faces/CommunityDisplay?resultUrl=https%3A%2F%2Fcommunity.oracle.com%2Fmosc%2Fdis
cussion%2F4265401%2Fcan-we-change-the-segment-qualifier-ex-cost-centre-from-one-segment-to-
another&_afrLoop=85424528247859&resultTitle=Can+we+change+the+segment+qualifier+%28ex.Cost+Centre%29+from+one+s
egment+to+another&commId=&displayIndex=2&_afrWindowMode=0&_adf.ctrl-state=xbk4u76hi_378

Question: 78
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.
Is There Any Functionality To Hide "Post To Ledger" Option? (Doc ID 2684809.1)

Question: 79
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the
cost center for the Rounding Account. The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the
List of Values for the accountant to select in the Suspense Account. What is the reason for this?
A. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only
privileges on this page
B. The general accountant has a segment value security rule assigned which restricts access to that cost center
C. There is a primary balancing segment attached to the legal entity of the primary ledger
D. A cross validation rule is in place to prevent the resulting combination from being created

Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faiac/implementing-accounting-hub.pdf
Question: 80
Your company has a legal entity in the UK, US, and Canada. They can all share the same chart of accounts but are required to
transact and report in their local currency. What is the minimum number of ledgers you need and why?
A. One, because they can all share the same chart of accounts
B. Three, because each requires a different currency
C. Two, because the US and Canada can share the same ledger because they are in North America D. Four, because the UK has
statutory requirements, and you will need a separate ledger for statutory reporting
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13425/T348488T348492.htm

Question: 81
When creating financial reports which two tools use data from the General Ledger Balances Cube?
A. Financial Reporting Studio
B. Smart View
C. Oracle Financial Statement Generator
D. Financial Reporting Center
Reference: https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/financial-reporting-solutions.html#s20030934

Question: 82
You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you
would like the periods to be named according to the year they fall in. What Calendar format should you choose?
A. Calendar
B. Fiscal
C. Year
D. Period
Reference: https://docs.oracle.com/cd/E53547_01/opera_5_04_03_core_help/period_setup.htm

Question: 83
You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet:
Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?

A. 6
B. 3
C. 4
D. 5

Question: 84
You are defining an income statement report using Financial Reporting Studio. Users of the report need to be
able to analyze the balances directly from the report. What should you enable to allow this?
A. Nothing. All report are drillable
B. Drill Through in Grid Properties
C. Drill Down in Report Functions
D. Allow Expansion in Report Functions
Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faugl/financial-reporting-andanalysis

Question: 85
You want to monitor the close process of all financial subledgers and ledgers. How can you quickly obtain this information?
A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers
B. Access each subledgers’ calendar and General Ledger’s Manage Accounting Periods page to view the
status of each period
C. Run Closing Status reports
D. Use Close Monitor in General Accounting Dashboard
Reference: https://docs.oracle.com/cd/E48434_01/doc.1118/e49598/F1006651AN1B4CF.htm

Question: 86
Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal
entity in France (BSV 401), and one legal entity in the UK (BSV 402). Both US legal entities share the same ledger, whereas the UK
and France have their own ledgers. Assuming intercompany transactions are not being entered, what is the minimal action you
can take and still configure the ledgers correctly?
A. You should assign a balancing segment value to identify each legal entity in the US Ledger and assign the
balancing segment values to the ledger in the UK and France.
B. You should assign a balancing segment value to identify each legal entity in the US ledger.
C. You should assign a balancing segment value to identify each legal entity in each ledger.
D. You should assign the balancing segment value to the ledger in the US and assign a balancing segment
value to identify each legal entity in the UK and France ledgers.

Question: 87
You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL
period if the corresponding subledger period is not closed. How will you achieve this?
A. Opt in to the Prevent Period Close option for the offering
B. Set the relevant option on the Specify Ledger Options page
C. Nothing, this option is enabled automatically
D. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/faugl/accounting-periodclose. html#FAUGL691839
Question: 88
When creating your financial statements, you would like to have a chart, such as a bar graph,
included in the report output. Which two reporting tools allow you to achieve this? (Choose two.)
A. Financial Reporting Studio
B. Account Inspector
C. Smart View
D. Financial Statement Generator
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/20d/faigl/financial-reporting.html#FAIGL513446

Question: 89
Your customer uses Financials Cloud, Projects, Inventory, and SCM. Which two statements are true regarding intercompany
accounting for these products? (Choose two.)
A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product
B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects
C. Each product has its own Intercompany Accounting feature that needs to be configured separately
D. With-In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-
ledger journals

Question: 90
You have a requirement for the Intercompany Provider and Receiver distribution accounts to be created automatically for all
intercompany transactions. What should you configure?
A. a Provider and Receiver distribution set
B. Intercompany transaction type default accounts
C. the AutoAccounting Definition
D. the Transaction Account Definition
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/20b/faigl/intercompany-setup.html#FAIGL312054
https://docs.oracle.com/cd/E18727_01/doc.121/e12794/T463896T463899.htm
The distributed accounts must be defined for each ledger and are generated as defined in the Subledger Accounting Transaction
Account Builder (SLA TAB).
Question: 91
Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization. After opting in the
new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this
feature? (Choose three.)
A. Enable Payment Request Subtypes
B. Rebuild the GL Balances Cube
C. Create a Payment Process Profile
D. Rebuild the Budgetary Control Cube
E. Enable spend authorization
Answer: ADE
Explanation: https://docs.oracle.com/en/cloud/saas/financials/21c/faiex/spend-authorizations.html
https://www.oracle.com/webfolder/technetwork/tutorials/tutorial/cloud/r13/wn/fin/releases/19B/19B-financials-
wn.htm#T11087
Rebuild budgetary control cube. The cube must be rebuilt to allow for this new transaction type balance to be stored. Run the
Create Budgetary Control Balances Cube process. See support note Maintaining Budgetary Control Cubes (Doc ID 2136813.1) for
more information.
Question: 92
Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)
A. They are updated automatically when the General Ledger period is opened
B. New dimensions can be added to a General Ledger Balances Cube
C. They are updated automatically when the Revaluation process is run
D. A new Balances Cube is created for a unique combination of Ledger and Currency
E. They are updated automatically when the Translation process is run
Answer: BC
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/20c/faigl/period-close.html
Oracle Fusion Applications Financials Implementation Guide
Question: 93
You have set up a supporting reference with balances to capture revenue by account manager. Which option should you use to
view the supporting reference balances?
A. an Account Group
B. an OTBI analysis
C. a SmartView analysis
D. General Ledger inquiries and reports
Answer: B
Explanation:
you create and view the supporting references report in OTBI (Oracle Transactional Business Intelligence).
Reference: https://docs.oracle.com/en/cloud/saas/financials/22a/ocuar/use-the-supporting-references-report.html#s20062186
In this procedure, you create and view the supporting references report in OTBI (Oracle Transactional Business Intelligence).

Question: 94
You have exported data from your budgeting application into a .csv file. What should you use to load that data into General
Ledger?
A. The budget journal spreadsheet
B. Enterprise Resource Budget Integrator
C. File Based Data Import
D. Application Developer Framework Desktop Integrator
Explanation:
How To Upload Budgets in Fusion General Ledger (Doc ID 2069387.1)
Reference: https://docs.oracle.com/en/cloud/saas/financials/22a/faugl/overview-of-budget-uploads.html#s20034857

Question: 95
A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal reports under local
GAAP, is about to configure their General Ledger. Given the following: Subledgers transferring to general ledger must use the
local currency. There is a requirement to report to the parent company (not local currency) using International Financial
Reporting Standards (IFRS). Which two ledger types should be configured to address this reporting requirement? (Choose two.)
A. a primary ledger with the local accounting convention
B. a reporting currency with the IFRS accounting convention
C. a primary ledger with the IFRS accounting convention
D. a secondary ledger with the IFRS accounting convention
E. a reporting currency with the local accounting convention

Question: 96
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts
(4000-ZZZZ). The following combinations exist in the Code Combination table: 01-000-4110-00, 01-000-5299-000, 01-000-5105-
000 and 01-000-7640-00 Which two statements are true regarding cross-validation rules? (Choose two.)
A. The rules validate and apply to new accounts only
B. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
C. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
D. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled
for your chart of accounts instance
E. The rules will validate and apply to new and existing accounts
Cross Validation Rules In Fusion General Ledger (Doc ID 1340820.1)
Cross validation rules only affect the creation of new account combinations. When creating a new account combination in user
interfaces and processes, the values for each Chart of Accounts (COA) segment are cross checked to make sure they do not
violate the validation rules.

Question: 97
The Create Accounting program could not determine the debit side of the journal entry. Which component of Subledger
Accounting determines the debit or credit side of a journal entry?
A. Journal Balances Rule
B. Journal Entry Rule Set
C. Journal Line Rule
D. Journal Accounting Rule
E. Account Rule
Answer: B
Explanation:
To create a journal line rule, select values for options such as:Side (Debit, Credit, Gain or Loss) - For example, when an Oracle
Fusion Payables invoice is generated, the liability account should normally be credited.
https://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569960AN52F30.htm

Question: 98
You need to create a boardroom ready month-end reporting package for an upcoming Audit Committee
meeting. You have 10 Financial Reports that you want to share with executives and auditors that are
nicely formatted. What are the two Oracle recommended ways to accomplish this? (Choose two.)
A. Use BI Publisher to configure the reports and then use bursting to email the reports to the
executives and Audit Committee
B. Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book
C. Create a Smartview report, where the various sheets represent the different Financial Statements and send them the
spreadsheet
D. Use a report batch to run reports at a specific time to create a set of snapshot reports
E. Use OTBI to create multiple reports that you save to a folder that only the users can access

Explanation:
https://docs.oracle.com/cd/E17236_01/epm.1112/fr_webuser_epm/frameset.htm?batch_editor_fr.html
https://docs.oracle.com/cd/E57185_01/HFRUG/ch13.html

Question: 99
You want to achieve multi-step cascading allocations, which feature do you use?
A. RuleSets
B. Formulas
C. Point of View (POV)
D. General Ledger journal entries
Explanation:
Reference: https://docs.oracle.com/en/cloud/saas/financials/22a/faigl/overview-of-calculation-manager.html#s20033476

Question: 100
Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)
A. You can only drill down to the general ledger journal and then from there to the subledger journal entry.
B. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for
comparison.
C. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the
unreconciled transactions.
D. This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either
the second or third BSVs are not.
E. This report displays the intercompany receivables and intercompany payables balances in summary for a period.
Answer: BE
Explanation:
Drill down to view the balances by source and journal lines
Reference:https://docs.oracle.com/en/cloud/saas/financials/22a/ocuar/intercompany-reconciliation-reports.html#s20049539
Additional Currency - Indicate the display data in a different additional currency to the ledger currency for the reconciliation
extract process.
Question: 101
You are creating values for the chart of account value set that you are planning to use for the account segment
within your Chart of Accounts. You are not able to assign an Account Type. What is the reason for this?
A. You have not set the Allow Budgeting attribute for the value set
B. The Account Type qualifier has not been enabled when defining the value set
C. You are creating values before assigning the value set to the structure
D. You have not set the Allow Posting attribute for the value set
Answer: D

Question: 102
In which two ways can your users personalize the Springboards and Work Areas to suit their individual working styles? (Choose
two.)
A. They can format certain tables by hiding and showing columns, moving columns, and resizing columns
B. Users have very little control configuring their Springboards and Work Areas; they can only resize columns
C. They can have the System Administrator configuring pages for them using Page Composer
D. They can use “+” under the Apps section of the News Feed homepage
Answer: AC
https://docs.oracle.com/en/cloud/saas/applications-common/21c/oacpr/get-started.html#OACPR2101323