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Q11. You create a prepayment for USD l00 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and revalidate it.

What happens to the available funds when you apply a prepayment that requires budgetary control?

A. The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.

B. The prepayment application releases funds of 200 USD ^nd the invoice consumes funds of lOO USD, with a net decrease to available funds of 200 USD.

C. Available funds will not change till invoice is approved.

D. The prepayment application releases funds of lOO USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.

E. The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.

F. The budget will be released only foi the USD 30O invoice amount.

Answer: F


Q12. Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions.

Which two statements are correct?

A. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.

B. Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving.

C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.

D. While defining control for business unit one, disable control lor Purchasing, Payable Invoicing, and

Receiving.

E. While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning.

F. Define budgetary control at ledger level and only encumbrance controls at the business units.

Answer: A,F


Q13. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge 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 spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.

B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate 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: C


Q14. You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?

A. Specify Run Time Prompts (RTP).

B. Always use the Outer Point of View (POV).

C. Never use the Outer Point of View (POV).

D. Only specify segment values in formulas.

Answer: D


Q15. Most of the accounting entries for transactions from 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. Event Type

B. Journal Line Rule

C. Event Class

D. Journal Entry Rule Set

E. Journal Entry

Answer: D


Q16. What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?

A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

B. 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.

C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.

D. Posting performance is much faster.

E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.

Answer: B,D


Q17. You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding of the financial results.

What’s the most efficient way to achieve this?

A. When viewing the report, download to Excel and use Excel's Charting features to create your bar graph.

B. When designing your financial statement using Financial Report (FR), embed a chart into your report

C. Use Account Inspector that automatically creates graphs on financial balances.

D. Use Smart View, which is and Excel Add-on

Answer: C

Explanation:

Reference: https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm


Q18. 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 suggested best practice 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 and qualify them as the 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.

Answer: C

Explanation:

Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm


Q19. You want to enter budget data in Fusion General Ledger. Which method is not supported?

A. Smart View

B. Application Development Framework Desktop Integration (ADFdi)

C. File-based Data Import

D. Entering budget Journals

Answer: D

Explantion: Reference: http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm


Q20. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

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 value.

Answer: A