Question 1

Your customer wants to enter subledger journals in adjusting periods using the ADFDi spreadsheets. Which TWO statements are true about entering journals in adjusting periods?

Options :

A : Defaulted Period can be overwritten

B : If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the adjustment period

C : If the accounting date falls in both the non-adjustment and adjustment periods, the value of the accounting period in the Journal Entry page defaults to the non-adjustment period

D : Defaulted Period cannot be overwritten

Answer: A,C

Question 2

You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting. Which TWO traits can help you further explain this feature?

Options :

A : It allows users to record a reason for the adjustment

B : It adjusts the original source transaction

C : It provides an audit trail by preserving the original subledger journal entry

D : It is intended to correct only the subledger journals that have been posted

Answer: A,C

Question 3

Which four actions can you take by using Security Console?

Options :

A : Manage Data Access for Users

B : Create Roles

C : Manage Password of Other Users

D : Manage User Name Generation Rules and Password Policies

E : Manage Automatic Data Provisioning

F : Compare Roles

Answer: B,C,D,F

Question 4

NO: 3: The Insurance for Homes company provides home insurance services in the USA, the UK, France, and Italy. It is headquartered in the USA. The entities in the UK, France, and Italy are subsidiaries of the USA entity. The company decides to configure four primary ledgers, one each for the USA, the UK, France, and Italy. It also plans to configure three secondary ledgers under the UK, France, and Italy primary ledgers. Which TWO statements are true about setting up secondary ledgers?

Options :

A : A chart of accounts mapping is only required if a secondary ledger has a different chart of accounts than its primary ledger

B : Conversion levels available for a secondary ledger are Balance, Journal, Adjustment only, and Subledger

C : A chart of accounts mapping is always required between the chart of accounts of the primary ledger and the secondary ledger

D : Conversion levels available for a secondary ledger are Balance, Journal, and Subledger only

Answer: A,B

Question 5

Your client has a requirement to report directly from the transactional tables and return the results in realtime, in turn eliminating the need for a data warehouse. Which tool would you suggest to your client for this purpose?

Options :

A : Financial Reporting Studio

B : Smart View

C : Oracle Transactional Business Intelligence

D : Account Group

Answer: C

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