Question 1

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

Options :

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

Answer: A,B,D

Question 2

Account combinations can be created and/or modified using the Import Account Combinations file-based dataimport (FBDI).Which represents the appropriate upload steps?

Options :

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

Question 3

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

Options :

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.

Answer: C

Question 4

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?

Options :

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.

Answer: A

Question 5

You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in. What format should you choose?

Options :

A : Fiscal Year

B : Calendar Year

C : Period

D : Year

Answer: A