Question 1

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

Options :

A : Supervisory level approval

B : Cost center based approval

C : Dynamic Approval Groups

D : Management Chain approval

E : Approval Groups

Answer: A

Question 2

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

Question 3

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

Options :

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

Answer: C,D

Question 4

You are implementing Financials Cloud and are using spread sheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup object scan be loaded via a spread sheet from Functional Setup Manager?

Options :

A : Complete Accounting Configuration

B : Suppliers and Customers

C : Banks, Bank Accounts, and Branches

D : Setup data for Receivables and Payables product.

E : Chart of account values, accounting calendar, and ledger

Answer: B,C,E

Question 5

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?

Options :

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

Answer: D