Question 1

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.)

Options :

A : Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

B : Define Journal Conversion Rules that include subledgers in order to 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

Answer: B,D

Question 2

Your customer is planning to have three balancing segments for generating balance sheets and incomestatements at cost center segment and program segment levels.D18912E1457D5D1DDCBD40AB3BF70D5DWhich two recommendations would you give your customer? (Choose two.)

Options :

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

Answer: A,B

Question 3

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accountsbut are required to transact and report in their local currency.What is the minimum number of ledgers you need and why?

Options :

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

Answer: B

Question 4

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?

Options :

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

Answer: B

Question 5

What is the most efficient way to add a new year to the accounting calendar?

Options :

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

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