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Q1. You entered a journal and the client is asking for the following information:
• The current account balance
• What the future account balance will be if the Journal is approved and posted How will you get this information?
A. View the Projected Balance region in the Create Journals page.
B. Run a Trial Balance before and after posting.
C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
D. Query the account balance online.
Answer: C
Q2. Your customer wants to have balance sheets and income statements for their cost center and program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?
A. When entering journals manually, the customer will need to make sure that the debits and credits are equal across all balancing segments because the system will not automatically balance the journal.
B. Every journal where debits do not equal credits across the three balancing segments will result in the System generating extra journal lines to balance the entry.
C. Additional intercompany rules will need to be defined for the two additional balancing segments.
D. Ledger balancing rules will need to be defined to instruct the system on how to generate balancing entries for the second and third balancing segments.
Answer: A,D
Q3. Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting tor these products?
A. Each product has its own Intercompany Accounting feature that needs to be set up separately.
B. Intercompany Balancing Rules are defined centrally and applied across Financials, Portfolio Project
Management and Supply Chain Management products.
C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross- ledger intercompany transactions and single ledger intercompany journals.
D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub.
Answer: A,D
Q4. You are implementing Segment Value Security rules. Which two statements are true?
A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users and products.
C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.
Answer: A,C
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm
Q5. You've set up the standard accrual with encumbrance accounting for your ledger and you realized that the encumbrance journals are defaulting with current date as the accounting date.
What is causing this?
A. The subledger accounting option Is set to system date.
B. The actual accounting date was set up under the encumbrance accounting Default Date Rule.
C. The system date was set up under the encumbrance accounting Default Date Rule.
D. The current transaction accounting date was set up under the encumbrance accounting Default Date Rule.
E. The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule.
Answer: D
Q6. In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?
A. They can format each table by hiding and showing columns, moving columns, and resizing columns.
B. They can use Personalization to move and remove regions from those pages.
C. Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.
D. They can have the System Administration customize pages for them using Page Composer.
Answer: C
Q7. Who are the three primary Functional Setup Manager users?
A. End Users that perform transaction processing
B. Implementation Project Managers and Consultants
C. System Administrators
D. Application Developers
E. C-Level Executives
Answer: A,B,C
Explanation:
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm
Q8. Which three reporting tools are based on real-time data or balances?
A. Oracle Business Intelligence Applications (OBIA
B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)
Answer: B,D,E
Q9. Your Financial Analyst needs to interactively analyze General Ledger balances with the ability down to originating transactions.
Which three features facilitate this?
A. Account Inspector
B. Smart View
C. Account Monitor
D. Online Transactional Business Intelligence
E. Financial Reports published to Excel
Answer: E
Q10. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data Management be used?
A. chart of accounts hierarchy maintenance
B. integration with transactions from external feeder systems
C. chart of accounts master data maintenance
D. data access and security
E. cross-validation rules
Answer: A,C
Explanation:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm
