Question 1

The general accountant is trying to update the cost center for the Default Suspense Account in the LedgerOptions to match the cost center for the Rounding Account.The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values forthe accountant to select in the Suspense Account.What is the reason for this?

Options :

A : The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page

B : The general accountant has a segment value security rule assigned which restricts access to that cost center

C : There is a primary balancing segment attached to the legal entity of the primary ledger

D : A cross validation rule is in place to prevent the resulting combination from being created

Answer: D

Question 2

Your enterprise structure has one ledger and two business units. Business unit one wants to enable budgetary control for Requisitioning only on Procure-to-Pay Business Functions and business unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business Functions. Which two statements are correct? (Choose two.)

Options :

A : While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing

B : While defining control for business unit one, enable control at purchasing and define the exceptions to only include requisitioning

C : Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit

D : While defining control for business unit one, disable control for Purchasing, Payable Invoicing, and Receiving

E : Define budgetary control at ledger level and only encumbrance control at the business units

F : Define control for business unit two to disable control for Requisitioning, Purchasing, and Receiving

Answer: A,D

Question 3

You are reconciling your Payable sand 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 : Intercompany transactions have not been fully processed.

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

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

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

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

Answer: A,B,D

Question 4

You need to create a boardroom ready month-end reporting package for an upcoming Audit Committeemeeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicelyformatted.What are the two Oracle recommended ways to accomplish this? (Choose two.)

Options :

A : Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee

B : Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

C : Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet

D : Use a report batch to run reports at a specific time to create a set of snapshot reports

E : Use OTBI to create multiple reports that you save to a folder that only the users can access

Answer: B,D

Question 5

You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value. At what level should you define the default intercompany balancing rule?

Options :

A : Ledger-level rule

B : Legal entity-level rule

C : Primary balancing segment rule

D : Chart of accounts rule

Answer: D

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