Question 1

You attempt to activate a tree version, but the audit process fails. In which two ways can you resolve this?

Options :

A : Run the Chart of Accounts Deployment process.

B : Run the Publish Chart of Accounts Dimension Members and Hierarchies program.

C : Ensure that parent values have the summary attributes set correctly.

D : Ensure that you do not assign children to child values.

E : Make sure all users sign out of the calculation manager.

Answer: C,D

Question 2

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close. Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?

Options :

A : Journal level

B : Subledger level

C : FBDI level

D : Balance level

E : Adjustment only level

Answer: E

Question 3

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud. You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three)

Options :

A : Deploy your chart of accounts

B : Use HCM’s Enterprise Structure Configurator (ESC) first

C : Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets

D : Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies

E : Use the Rapid Implementation spreadsheet when creating your enterprise structure

Answer: A,B

Question 4

The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). Which three labels are required when designing the chart of account structure for this project? (Choose three.)

Options :

A : Primary Balancing

B : Intercompany Segment

C : Secondary Balancing

D : Cost center

E : Natural Account

Answer: A,D,E

Question 5

You are reconciling your Payables and Receivables balances against the General Ledger. You are using the Payables to Ledger Reconciliation report. You notice discrepancies between the balances in the subledgers, subledger accounting, and general ledger. Which three factors are responsible for these out-of-balance situations?

Options :

A : Period Close processes, such as Revaluation, Translation, and Consolidation have not been performed yet.

B : There were manually entered journals against the Payables and Receivables accounts that were posted in General Ledger.

C : All subledger transactions have been entered but do not have complete accounting.

D : Intercompany transactions have not been fully processed.

E : Subledger transactions have been accounted and transferred to General Ledger but have not been posted.

Answer: A,D,E