960-21 Oracle Cloud GL Extra

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management. Data is summarized across segments that are not mapped to Hyperion Financial Management. The unmapped segments default to future use segments in Hyperion Financial Management. No data is transferred. Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.

You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view the status of each period. Run Closing Status reports. Use Close Monitor in General Accounting Dashboard.

Which report show you differences between your subledger balances and General Ledger balances?. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports. Payables and Receivables Aging Reports with the General Ledger Trial Balance report. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report. General Ledger Financial Statements and the Accounts Payable and ABccounts Receivables Invoice Registers.

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results. What is Oracle's recommended practice when this occurs?. Rerun Translation and then reconsolidate your results. Rerun Revaluation and then rerun Translation. Translate only the adjusting journal entry. Enter another adjusting journal entry in the target currency to true up the balances.

You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as intercompany sales. Which two statements are correct? (Choose Two). You can create a rule for all sources and categories by selecting the source "Other" and the category "Other". Set up a chart of accounts rule for every chart of accounts structure you have in order to ensure that intercompany balancing will always find a rule to use to generate balancing accounts. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value. You must define rules for every combination of specific categories and sources. Otherwise, the intercompany balancing will not work.

When working with Essbase, versions of the tree hierarchy as defined in the General Ledger Cloud are not available in the Essbase balances cube. What should you do to correct this situation?. Make sure to flatten the rows of the tree version. Make sure the tree is active. Make sure the tree version was published successfully. Redeploy the chart of accounts.

Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.). Each product hat its own intercompany Accounting feature that need to be set up separately. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management. They need to license a separate stand-alone intercompany product that acts as the intercompany accounting hub. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger intercompany journals.

You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?. Allow expansion. Report functions. Drill through in grid properties. Nothing, all report balances are drillable in all FR studio reports.

You want to prevent intercompany transactions from being entered during the last day of the close. What should you do?. Freeze the intercompany journal source in general ledger. Close all subledger periods. Close the general ledger period in the manage accounting periods page. Close intercompany periods in fusion intercompany.

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?. Create an account group using account monitor. Use account inspector. Open a smart view file saved on your desktop. Perform an account analysis online.

You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.). The approvers who Will approve intercompany transactions. Whether to allow receivers to reject intercompany transactions. Whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies. Automatic or manual batch numbering and the maximum transaction amount. Automatic or manual batch numbering and the minimum transaction amount.

Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?. Supervisory level approval. Cost center-based approval. Dynamic approval groups. Management chain approval. Approval groups.

All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting. What does Oracle consider the best practice approach to performing consolidations?. Use Oracle Hyperion Financial Management for this type of complex consolidation. Use General Ledger’s Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger. Use General Ledger’s Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment. Create separate ledgers for each subsidiary that shares the same chart of accounts,calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.

You entered a cross validation rule to prevent the balance sheet cost center (000) being used with profit and loss accounts (4000-ZZZZ): The following combinations exist in the code combination table 01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00 Which two statements are true regarding cross-validation rules? (choose two). The rules will validate and apply to new and existing accounts. The rules validate and apply to new accounts only. 18912E783942D891278910DF09FAD. There is no need to create cross-validation rules if dynamic combination creation allowed is not enabled for your chart of accounts instance. You need to run the cross-validation rule violations process to allow rules to apply to existing combinations that violate rules. You need to run the cross-validations rules process to list and optionally disable combinations that violate rules.

You are creating values for the chart of account value set that you are planning to use for the account segment within your chat of accounts. You are not able to assign an account type. What is the reason for this?. The account type qualifier has not been enabled when defining the value set. You have not set the allow budgeting attribute for the value set. You are creating values before assigning the value set to the structure. You have not set the allow posting attribute for the value set.

Your company has two legal entities in the US (Balancing Segment Values [BSV] 101 and 102), one legal entity in France [BSV 401], and one legal entity in the UK (BSV 402). Both US legal entities share the same ledger, whereas the UK and France have their own ledgers. Assuming intercompany transactions are not being entered, what is the minimal action you can take and still configure the ledgers correctly?. You should assign a balancing segment value to identify each legal entity in the US Ledger and assign the balancing segment values to the ledger in the UK and France. You should assign the balancing segment value to the ledger in the US and assign a balancing segment value to identify each legal entity in the UK and France ledgers. You should assign a balancing segment value to identify each legal entity in each ledger. You should assign a balancing segment value to identify each legal entity in the US ledger.

When creating your financial statements, you would like to have a chart, such a bar graph, included in the report output. Which two reporting tools allow you to achieve this?. Financial Reporting Studio. Account Inspector. Smart View. Financial Statement Generator.

The general accountant is trying to update the cost center for the default suspense account in the ledger options 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 for the accountant to select in the Suspense Account. What is the reason for this?. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page. The general accountant has a segment value security rule assigned which restricts access to that cost center. There is a primary balancing segment attached to the legal entity of the primary ledger. A cross validation rule is in place to prevent the resulting combination from being created.

You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in. What Calendar format should you choose?. Calendar. Fiscal. Year. Period.

Which two statements are TRUE regarding the Balances Cubes in General Ledger?. They are updated automatically when the General Ledger period is open. New dimensions can be added to a General Ledger balances Cube. They are updated automatically when the revaluation process is run. A new Balances Cube is created for a unique combination of Ledger and Currency. They are updated automatically when the Translation process is run.

You have exported data from your budgeting application into a .csv file. What should you use to load that data into General Ledger?. The budget journal spreadsheet. Enterprise Resource Budget Integrator. File Based Data Import. Application Developer Framework Desktop Integrator.

Which two are Reporting tools considered to be the ideal tool to use when you wish to monitor budget, consumption, and funds available balances. Budgetary Control Analysis Report. Budget Infolets. Budget Monitor. Financial Reporting Studio. No Answer.

Which three statements are true regarding Account Hierarchies?. Each hierarchy can have multiple versions. A given segment in the chart of accounts can have multiple hierarchies. Hierarchies for reporting must be published to the cube. No Answer. Hierarchies used for Cross Validation rules must be published to the cube. Each hierarchy can have one version.

Which Intercompany rules will be used if a journal is balanced by its primary segment but is not balanced by second or third balancing segment. Additional Intercompany Balancing and Clearing Options. Legal Entry Level Rules. Ledger Level. Chart of Accounts Rules. No answer. Multiple Balancing Segments Rules. Primary Balancing Segment Rules.

Ace Infrastructure has recently implemented Finanials Cloud and their General Ledger (GL) team has decided to use the spreadsheet mode of recording the manual journals. The want to ensure that the data validation should happen at the entry time when recording the journals. ADFdi. File Load to. FBDI. MFDI. No Answer.

A company has hierarchies defined for the account segment in their chart of accounts. What needs to be defined for the hierarchy so they can control spending at the summary level?. Tree labels need to be added to parent values in hierarchy. Tree labels need to be added to the child values that roll up the parents in hierarchy. A supplemental rule needs to be created for the parent values in hierarchy.

You have defined supporting references for subledger journal entries to analyze account balances and financial results by different transaction attributes. When trying to query on the supporting references for a subledger journal no information is displayed. Which action can resolve this issue?. Verify that the supporting reference has been assigned to the journal line rule while setting up the journal entry rule. Verify whether the Journal has been posted to the general ledger. Verify whether an accounting an accounting sequence has been assigned to the subledger journal entry or not. Verify that the supporting reference has been assigned at the header level of the journal entry rule set.

Your Primary Ledger uses US GAAP and you want to maintain a Secondary Ledger for your IFRS accounting requirements. Which conversion level would you recommend for the Secondary Ledger?. Subledger. Adjustments only. Journal. Balances.

The Vision Chart of Accounts is used by three ledgers. One of the ledgers has a different calendar. How many balances cubes are created?. 3. 1. 2.

You have decided to use a Secondary Ledger to maintain another accounting representation of your Primary Ledger. The two ledgers share the same Calendar, Currency, and Accounting Method. What do you need to set up in addition to the Secondary Ledger?. None of the options as a Secondary Ledger must share the same Chart of Accounts as the Primary Ledger. An account group. A chart of accounts mapping. A mapping set.

XYZ is implementing General Ledger and is looking to add some dimensions to the balances cube. Which statement is true?. You are restricted to 10 custom dimensions. You are restricted to 5 custom dimensions. Any number of dimensions can be added to the balances cube. Dimensions are seeded and new ones cannot be added.

Which processes use Ledger Options? (Choose four). Allocations. Create Accounting. Translation. Month-End Reporting. Journal Posting. Revaluation. Year-End Closing.

Where is Journal Approval enabled? (Choose two). Ledger Options. Legal Entity. Journal Category. Journal Source. Business Unit.

How You Limit a Journal to a Single Currency (choose two). Ledger Options. Journal Sources. Journal Lines. Manage Currencies.

On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'. For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.). Receipt accounting. Receivables. Revenue Management. Assets. Order Management.

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration. Once the deletion process completes, what additional process must you run?. Submit the Update General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations. Submit the Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations. Submit the Create Currency Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations. Submit the Create Scenario Dimension Members process to ensure that the balances cube maintains translated balances that are consistent with future translations.

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis. CHEQUEAR Given that: The subsidiary is in another country from the parent. There is no requirement to have daily balances. The objective is to minimize the data stored in the reporting currency. Which data conversion level should you recommend?. Subledger level. Journal Level. Adjustment only level. Spreadsheet level. Balances Level.

Your customer wants to use a clearing company to automatically balance intercompany entries. Which three statements are true regarding the use of a clearing company value? (Choose three.) CHEQUEAR. You must map legal entities to balancing segment values in order to use a clearing company. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger. Clearing companies are not supported. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity. If you choose to use a clearing company, you can define a default clearing company value or select the clearing company value directly in the general ledger journal.

You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts. You are not able to assign an Account Type. What is the reason for this?. A. You have not set the Allow Budgeting attribute for the value set. B. The Account Type qualifier has not been enabled when defining the value set. C. You are creating values before assigning the value set to the structure. D. You have not set the Allow Posting attribute for the value set.

You entered a journal and the client is asking for the following information: The current account balance The future account balance if the journal is approved and posted How will you get this information?. A. Run a Trial Balance before and after posting. B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances. C. View the Projected Balances region in the Create Journals page. D. Query the account balance online.

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.) CHEQUEAR. A. You can only drill down to the general ledger journal and then from there to the subledger journal entry. B. This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison. C. This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions. D. This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not. E. This report displays the intercompany receivables and intercompany payables balances in summary for a period.

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?. A. Financial Reports with Embedded charts. B. Smart View. C. Account Monitor. D. Account Inspector and its charts.

The Create Accounting program could not determine the debit side of the journal entry. Which component of Subledger Accounting determines the debit or credit side of a journal entry? CHEQUEAR ENTRE B Y C. A. Journal Balances Rule. B. Journal Entry Rule Set. C. Journal Line Rule. D. Journal Accounting Rule. E. Account Rule.

You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?. A. Use the Point of View (POV) tab of the Allocation Wizard. B. Only specify segment values in formulas. C. Never use the Outer Point of View (POV). D. Specify Run Time Prompts (RTP).