Question 1

You are implementing the Oracle Fusion Cloud Financial Accounting Hub (FAH) service for three legacy Receivables systems. As part of your FAH implementation project, the customer requests that general ledger journals be summarized to keep a thin general ledger as billing in the three source systems is per delivery. Which two options can be used in FAH to create the requested general ledger journals?

Options :

A : Summarize by journal category

B : Group by general ledger period

C : Summarize by general ledger period

D : Group by general ledger date

E : Summarize by general ledger date

F : Summarize by journal source

Answer: C,E

Question 2

Your customer wants to be alerted to changes in the balances of their key General Ledger accounts on a regular basis and asks your advice on the best reporting option. Which reporting tool would you suggest?

Options :

A : Oracle Transactional Business Intelligence

B : Account Groups and Sunburst

C : Financial Reporting Studio

D : Smart View

Answer: B

Question 3

To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views. What are the tables or views called?

Options :

A : Event entities

B : Mapping sets

C : Transaction objects

D : Source objects

Answer: C

Question 4

While creating an accounting method, you are unable to select a journal entry rule set for a combination of event class and event type. What could be the reason for this issue?

Options :

A : The accounting method is either not attached to any chart of accounts or is attached to another chart of accounts than the journal entry rule set

B : Journal line rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached

C : Description rules assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached

D : Supporting references assigned to the journal entry rule set are not attached to the same chart of accounts to which the accounting method is attached

Answer: A

Question 5

Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?

Options :

A : Manage Reporting Currencies

B : Specify Ledger Options

C : Manage Accounting Attribute Assignments

D : Manage Subledger Accounting Options

Answer: A