Question 1

You need to define a chart of accounts that includes an intercompany segment. Your customer plans to usesegment value security rules for the Company segment.What is Oracle’s recommended method to define this chart of accounts?

Options :

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

Answer: D

Question 2

What are the two purposes of a secondary ledger? (Choose two.)

Options :

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

Answer: A,D

Question 3

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 4

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 5

You are planning to create an Income Statement using Smart View. Which Smart View tool should you use for this?

Options :

A : Smart Queries

B : Smart Slices

C : Ad Hoc Analysis

D : Query Designer

Answer: C