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Q11. You create a prepayment for USD l00 and validate it to consume the budget and reduce available funds under the prepayment account. You then pay the prepayment of USD 100 create an invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and revalidate it.
What happens to the available funds when you apply a prepayment that requires budgetary control?
A. The prepayment application was already released at the time of payment and the invoice consumes funds of 300 USD.
B. The prepayment application releases funds of 200 USD ^nd the invoice consumes funds of lOO USD, with a net decrease to available funds of 200 USD.
C. Available funds will not change till invoice is approved.
D. The prepayment application releases funds of lOO USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 200 USD.
E. The prepayment application releases funds of 300 USD and the invoice consumes funds of 300 USD, with a net decrease to available funds of 100 USD.
F. The budget will be released only foi the USD 30O invoice amount.
Answer: F
Q12. Which two statements are true regarding how Intercompany Balancing Rule, are defied?
A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
Answer: A
Q13. Which three objectives must be considered when designing the chart of accounts?
A. Effectively manage an organization's financial business.
B. Consider implementing a single, global chart of accounts
C. Anticipate growth and maintenance needs as organizational changes occur.
D. Limit the number of segments to those you need today to reduce data entry.
E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
Answer: A,B,C
Q14. Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?
A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.
B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the Journal batch every period.
Answer: C
Q15. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?
A. Using Workspace, assemble multiple reports into a book.
B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time.
C. Users can drill down on snapshot reports for future analysis.
D. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
E. Snapshot reports can only be viewed online.
Answer: A,B,D
Q16. Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting.
What two security features should you use?
A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security
D. Balancing Segment Value Assignment to Legal Entities
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm
Q17. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?
A. Translate only the adjusting journal entry.
B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your result
D. Enter another adjusting journal entry in the currency to true up the balances.
Answer: A
Q18. The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal Description
Answer: C
Q19. Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?
A. Supervisory level based on HR Supervisors
B. Job level
C. Position
D. Approval Group
Answer: D
Q20. What are the tables or views from which the Create Accounting program takes source data that is used in rules to create journal entries?
A. Transaction Objects
B. Event Entities
C. Mapping Sets
D. Accounting attributes
E. Event Classes
Answer: A
Explanation:
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm
