Question 1

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accountsbut are required to transact and report in their local currency.What is the minimum number of ledgers you need and why?

Options :

A : One, because they can all share the same chart of accounts

B : Three, because each requires a different currency

C : Two, because the US and Canada can share the same ledger because they are in North America

D : Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer: B

Question 2

You need to add new transactional attributes to the journal approval notification in an implementation project. Which two Business Intelligence catalog objects should you copy (or customize) and edit?

Options :

A : Sub template

B : Style template

C : Layout template

D : Output type

E : Data model

Answer: C,E

Question 3

During implementation, a consultant accidentally designated the cost center segment as the natural account.Values have already been assigned and journals have been posted.Select the process that allows you to change the qualifier back to cost center qualifier.

Options :

A : Create a new chart of accounts.

B : Delete the segment and create a new segment with the correct qualifier.

C : Change and save the segment qualifier.

D : Delete the chart of accounts and create a new one.

Answer: D

Question 4

You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

Options :

A : Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

B : Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

C : Define Journal Conversion Rules that exclude subledgers

D : Assign a Subledger Accounting Method to the secondary ledger

E : Define Supporting References with balances

Answer: B,D

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

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