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50問 • 7ヶ月前
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    問題一覧

  • 1

    Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

    Natural accounts were defined with incorrect account type.

  • 2

    Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)

    Ask to have the profile option FSG: Enforce Segment Value Security changed to No., Ask to have security removed from her responsibility.

  • 3

    Which four statements are true about the Global Intercompany System AutoAccounting Rules? (Choose four.)

    Sender Clearing Rules automatically generate the sender clearing transaction line., You can use only one set of Autoaccounting rules per pair of sender/receiver chart of accounts., Receiver Clearing Rules automatically generate the receiver clearing transaction line., Receiver Distribution Rules automatically generate the receiver transaction distribution line(s).

  • 4

    What does the elimination program enable you to do? (Choose all that apply.)

    create journal entries for all values in the source account to zero them out and post them to a target account, eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period

  • 5

    Which three statements are true about mapping rules? (Choose three.)

    You can define account rules., You can define segment rules instead of account rules for faster processing., You can define segment mapping rules.

  • 6

    ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States, France, and Spain. You are told that both France and Spain require Document Sequencing whereas Canada and the United States do not. There are three legal entities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the same fiscal year end. Advise the DBI Enterprise corporate controller what is feasible, in order to set up the minimum number of set of books, without customization.

    1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencing for France and Spain sets of books.

  • 7

    During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

    The source is frozen., Funds have been reserved for the batch., Funds are in the process of being reserved for the batch.

  • 8

    What does the elimination program enable you to do? (Choose all that apply.)

    eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period, create journal entries for all values in the source account to zero them out and post them to a target account

  • 9

    What are the possible posting options in Oracle General Ledger?

    Post Journal batches individually Post multiple batches Use AutoPost

  • 10

    ABC.com, the GL accountant comes to you and says that she is running the tests to check budget functionality. She says that the GL period is closed, but she was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Tess was able to post the budget journal is closed. What explanation do you provide to Tess?

    The budget year is Open.

  • 11

    Exhibit: You work as a DBA for ABC.com. Please study the exhibit carefully. Choose the correct set of events, in their correct order, for the accounting process.

    G, F, E, A, B, D, C

  • 12

    After discussions with the client, the implementation team decides that the GL Autoallocation functionality would help satisfy the clients requirements to automatically allocate the rent and other expenses to all the departments based on the defined formula. The GL accountant comes to you with a requirement that the approver of the journal should be automatically informed once the journal is generated. What is your response?

    Autoallocation uses Workflow, so there is no problem in satisfying this requirement.

  • 13

    ABC.com's global chart of accounts structure includes the Company (balancing) segment and Intercompany segment (with Intercompany segment qualifier) in order to properly identify the intercompany trading party. Which statement is NOT true about using an Intercompany segment in the chart of accounts structure? (Choose the statement that is NOT true.)

    If a journal entry is balanced within the same company value in the balancing segment, GL automatically uses the value in the Intercompany segment to create additional journal lines for the trading company.

  • 14

    ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. All sets of books use a global chart of accounts and a common accounting calendar. It just expanded its business to Australia and acquired two new companies with the same year end as World Inc. It wants to be able to include the new companies in existing financial reports created with Financial Statements Generator (FSG). How can it easily integrate the two new companies into its existing GL with minimal effort?

    Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSG reports in USD.

  • 15

    A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)

    Drilldown was option not added to responsibility., Journal source was not set up to import references.

  • 16

    Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

    Assets

  • 17

    Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of subledgers that can be closed concurrently. (Choose two.)

    Order Management and Projects, Payables and Receivables

  • 18

    Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)

    a retained earnings account, an accounting calendar, the functional currency (or a seeded currency), a chart of accounts structure, at least one value for each segment of the chart of accounts

  • 19

    ABC.com, the GL accountant comes to you and says that she has defined two budgets, but after selecting the budget organization in the Enter Budget Amounts form, she can select only one budget from the list of values (LOV). What is your response?

    The first fiscal year of the budget was never opened.

  • 20

    Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)

    Ask to have security removed from her responsibility., Ask to have the profile option FSG: Enforce Segment Value Security changed to No.

  • 21

    ABC.com, the GL accountant, says that the budget for which she is trying to enter data requires budget journals, but she wants to enter budget amounts directly. You check the budget setups and confirm that the Require Budget Journal option is not enabled at the set of books level. What could be cause of Tess's problem?

    The Require Budget Journal option is enabled at the budget level.

  • 22

    ABC.com, the GL accountant comes to you with a requirement that all the journal batches for financial allocations should be automatically generated and validated. She wants to know whether Oracle GL functionality can satisfy this requirement. What is your response?

    It is possible to satisfy this requirement by using the autoallocation functionality.

  • 23

    When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.

    delete the original template and then recreate it for the appropriate funds check level

  • 24

    You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a global presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. One of the companies in Europe has a requirement to maintain account balances both in U.S. dollar and in euros, and for this purpose they have to enter each transaction twice in their present system, once in U.S. dollars and then again in euros. The Controller wants a system where transactions can be entered only in one currency, and then be automatically converted into another currency. Additionally they need the flexibility to enter different exchange rates for different types of accounts. He wants to know whether this requirement cold be fulfilled. What is your response?

    Oracle GL provides this functionality and there is no problem in satisfying the requirements.

  • 25

    The controller has asked you to produce a report that identifies the total outstanding receivable by customer, as of the period-ending date. Which report would fulfill this request?

    Aging Report

  • 26

    Your client is closing its first period. The Accounting Manager informs you that she is unable to transfer payables to the general ledger or run other reports. She is using the Company XYZ Payable Manager responsibility. What is the likely cause of this error?

    The responsibility is set up without a request group.

  • 27

    Mark, the GL accountant comes to you and says that he is running the tests to check budget functionality. He says that the GL period is closed, but he was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Peter was able to post the budget journal is closed. What explanation do you provide to Mark?

    The budget year is Open.

  • 28

    Which three functions can the Payables Accounting Process perform? (Choose three.)

    transfers data to the interface table, runs the journal import, creates accounting entries

  • 29

    Which two actions would you perform using the Column Set Builder? (Choose two.)

    create format mask, define calculations in new column

  • 30

    ABC.com is a national company with five divisions that share the same set of books. Select the statement that best describes the consolidation process for ABC.com.

    Enter eliminating journals and run financial reports.

  • 31

    Which type(s) of journal entry does General Ledger automatically reverse and post?

    actuals only

  • 32

    All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?

    Update Period

  • 33

    Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

    Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balances cannot be viewed in that form.

  • 34

    During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?

    distribute costs

  • 35

    ABC.com wants to ensure that no changes are made to unposted journals that come in from their subledgers. At which setup can you control this?

    journal sources

  • 36

    Which four does Oracle Consolidation enable you to consolidate? (Choose four.)

    multiple subsidiaries with different calendars to one parent set of books, multiple subsidiaries with different currencies to one parent set of books, multiple subsidiaries with same calendar to one parent set of books, multiple subsidiaries to one parent set of books

  • 37

    After running the Payables Accounting Process and posting the Journal Import, the accountant determines that several invoices have not been transferred to the General Ledger. Which three can cause an invoice to not be transferred to the General Ledger? (Choose three.)

    Invoice is on hold., Invoice is unvalidated., Invoice is unaccounted.

  • 38

    Which action is part of the Projects tieback process?

    Updates cost distribution lines.

  • 39

    ABC.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report is automatically created. Identify three components that the report Create Journal Entries Execution Report reports on. (Choose three.)

    Budget Journals, Purchasing Encumbrance Entries, Payables Encumbrance Entries

  • 40

    Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)

    Trial Balance - Detail, Account Analysis

  • 41

    An auditor has asked the payables manager to provide detail that supports the Oracle Payables Liability amount listed on the balance sheet. Which report would best meet the auditor's request?

    Accounts Payable Trial Balance

  • 42

    Which three activities would use summary accounts? (Choose three.)

    Formulate a budget for employee benefits in each company based on the total of all budgeted employee salaries., Estimate a sales commission accrual based on the total of all product sales for each division., Allocate the total monthly costs of the Information Services department to other departments.

  • 43

    ABC.com has many parent segment values with a large number of child values in each parent. ABC.com is having problems running reports. Which profile option would enable better performance?

    FSG: Enable Search Optimization

  • 44

    You are implementing Oracle General Ledger at a client site. The client is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multicurrency setup will be part of the implementation. The Controller wants a system which allows the flexibility to enter transactions in any foreign currency, and at the same time automatically performs currency conversion online and in real time. She wants to know whether this requirement could be satisfied. What is the correct response?

    Oracle GL provides this functionality and there is no problem in satisfying the requirement.

  • 45

    ABC.com has a calendar with 12 monthly periods. Their fiscal year is the calendar year. ABC.com uses Average Balance Processing. ABC.com's Accrual category is defined with Autoreversal, with the reversal period as the Next Day, and an effective date rule of Roll. An accrual journal entered on 29-Apr-05 will be reversed on the _____.

    next business day in the same period or next period based on transaction calendar

  • 46

    You are about to set up an accounting calendar for a new set of books at ABC.com. ABC.com's fiscal year end is March 31. The company is not sure if it wants to convert one year or two years of history in the GL. The controller wants to choose conversion of one-year history for an April 1, 2007 go-live date, but also wants to keep the option open for conversion of two-year history (to be decided before the go live date). ABC.com will use the GL Translation functionality, beginning from the first period, with historical GL balances. Which solution would meet ABC.com's requirement?

    Define the calendar for Mar-05 through Mar-08. Open Mar-05 through Apr-06 periods. Plan to convert historical data from Apr-06 through Mar-07. If they choose a two-year history, they can always close all periods except Apr-06 later.

  • 47

    ABC.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report is automatically created. Identify three components that the report Create Journal Entries Execution Report reports on. (Choose three.)

    Purchasing Encumbrance Entries, Payables Encumbrance Entries, Budget Journals

  • 48

    ABC.com has decided on a chart of accounts structure that consists of four segments: Company - Cost Center - Account - Sub Account. It has one company value only, and wants to have the ability to restrict (limit the appearance of) the lists of Account values and Sub Account values for some cost centers. What are the design option would meet Newco Inc.'s requirement?

    Define a value set with Independent validation and Non-Hierarchical Security for each of the three segments: Cost Center, Account and Sub Account. Enable security for all three segments and define security rules to restrict lists accordingly.

  • 49

    For each subledger there should be one _____.

    Journal Source

  • 50

    ABC.com has many business units set up as company values in the Company (Balancing) segment for three sets of books: Canada, U.S. and Brazil. The sets of books share a common chart of accounts (COA) structure. The COA structure also has an Intercompany segment (with Intercompany Qualifier) that uses the same value set as the Company segment. Which three options will best use GL Intercompany functionality, given the multiple sets of books that share a common COA? (Choose three.)

    Enable security for the Company segment, and define appropriate security rules, and assign them to the responsibility for each set of books., Enable the Balance Intercompany Journal option when defining each set of books., Create a clearing company for each set of books to handle many-to-many intercompany accounting in each set of books.

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    問題一覧

  • 1

    Your client is in the process of closing its first year-end. The client completed the accounting cycle and found that several income statement accounts have a remaining balance. What would be the likely cause of these remaining balances?

    Natural accounts were defined with incorrect account type.

  • 2

    Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)

    Ask to have the profile option FSG: Enforce Segment Value Security changed to No., Ask to have security removed from her responsibility.

  • 3

    Which four statements are true about the Global Intercompany System AutoAccounting Rules? (Choose four.)

    Sender Clearing Rules automatically generate the sender clearing transaction line., You can use only one set of Autoaccounting rules per pair of sender/receiver chart of accounts., Receiver Clearing Rules automatically generate the receiver clearing transaction line., Receiver Distribution Rules automatically generate the receiver transaction distribution line(s).

  • 4

    What does the elimination program enable you to do? (Choose all that apply.)

    create journal entries for all values in the source account to zero them out and post them to a target account, eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period

  • 5

    Which three statements are true about mapping rules? (Choose three.)

    You can define account rules., You can define segment rules instead of account rules for faster processing., You can define segment mapping rules.

  • 6

    ABC.com is implementing Oracle E-Business Suite 11.5.10. It wants to use a global chart of accounts. It has business operations in Canada, the United States, France, and Spain. You are told that both France and Spain require Document Sequencing whereas Canada and the United States do not. There are three legal entities in Canada, four in the United States, two in France, and two in Spain. All legal entities have the same fiscal year end. Advise the DBI Enterprise corporate controller what is feasible, in order to set up the minimum number of set of books, without customization.

    1 set of books for Canada, 1 for the U.S. and 2 for France and 2 for Spain. Enable Document Sequencing for France and Spain sets of books.

  • 7

    During the testing phase of your implementation, you find that you are unable to delete a journal batch, though it is not yet posted. You ask the technical consultant for help and he e-mails you a checklist of scenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choose three.)

    The source is frozen., Funds have been reserved for the batch., Funds are in the process of being reserved for the batch.

  • 8

    What does the elimination program enable you to do? (Choose all that apply.)

    eliminate intercompany balances for fully reciprocating elimination that repeat every accounting period, create journal entries for all values in the source account to zero them out and post them to a target account

  • 9

    What are the possible posting options in Oracle General Ledger?

    Post Journal batches individually Post multiple batches Use AutoPost

  • 10

    ABC.com, the GL accountant comes to you and says that she is running the tests to check budget functionality. She says that the GL period is closed, but she was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Tess was able to post the budget journal is closed. What explanation do you provide to Tess?

    The budget year is Open.

  • 11

    Exhibit: You work as a DBA for ABC.com. Please study the exhibit carefully. Choose the correct set of events, in their correct order, for the accounting process.

    G, F, E, A, B, D, C

  • 12

    After discussions with the client, the implementation team decides that the GL Autoallocation functionality would help satisfy the clients requirements to automatically allocate the rent and other expenses to all the departments based on the defined formula. The GL accountant comes to you with a requirement that the approver of the journal should be automatically informed once the journal is generated. What is your response?

    Autoallocation uses Workflow, so there is no problem in satisfying this requirement.

  • 13

    ABC.com's global chart of accounts structure includes the Company (balancing) segment and Intercompany segment (with Intercompany segment qualifier) in order to properly identify the intercompany trading party. Which statement is NOT true about using an Intercompany segment in the chart of accounts structure? (Choose the statement that is NOT true.)

    If a journal entry is balanced within the same company value in the balancing segment, GL automatically uses the value in the Intercompany segment to create additional journal lines for the trading company.

  • 14

    ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. All sets of books use a global chart of accounts and a common accounting calendar. It just expanded its business to Australia and acquired two new companies with the same year end as World Inc. It wants to be able to include the new companies in existing financial reports created with Financial Statements Generator (FSG). How can it easily integrate the two new companies into its existing GL with minimal effort?

    Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSG reports in USD.

  • 15

    A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)

    Drilldown was option not added to responsibility., Journal source was not set up to import references.

  • 16

    Which subledger transfers journal information directly to General Ledger to create an unposted journal entry?

    Assets

  • 17

    Your manager has asked you to create a period close process that maximizes the efficiency of your two staff members and minimizes the number of closing days. Identify two sets of subledgers that can be closed concurrently. (Choose two.)

    Order Management and Projects, Payables and Receivables

  • 18

    Which five do you need to define to meet the minimum pre-requisites to create a set of books? (Choose five.)

    a retained earnings account, an accounting calendar, the functional currency (or a seeded currency), a chart of accounts structure, at least one value for each segment of the chart of accounts

  • 19

    ABC.com, the GL accountant comes to you and says that she has defined two budgets, but after selecting the budget organization in the Enter Budget Amounts form, she can select only one budget from the list of values (LOV). What is your response?

    The first fiscal year of the budget was never opened.

  • 20

    Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)

    Ask to have security removed from her responsibility., Ask to have the profile option FSG: Enforce Segment Value Security changed to No.

  • 21

    ABC.com, the GL accountant, says that the budget for which she is trying to enter data requires budget journals, but she wants to enter budget amounts directly. You check the budget setups and confirm that the Require Budget Journal option is not enabled at the set of books level. What could be cause of Tess's problem?

    The Require Budget Journal option is enabled at the budget level.

  • 22

    ABC.com, the GL accountant comes to you with a requirement that all the journal batches for financial allocations should be automatically generated and validated. She wants to know whether Oracle GL functionality can satisfy this requirement. What is your response?

    It is possible to satisfy this requirement by using the autoallocation functionality.

  • 23

    When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.

    delete the original template and then recreate it for the appropriate funds check level

  • 24

    You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has a global presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multi currency setup will be part of the implementation. One of the companies in Europe has a requirement to maintain account balances both in U.S. dollar and in euros, and for this purpose they have to enter each transaction twice in their present system, once in U.S. dollars and then again in euros. The Controller wants a system where transactions can be entered only in one currency, and then be automatically converted into another currency. Additionally they need the flexibility to enter different exchange rates for different types of accounts. He wants to know whether this requirement cold be fulfilled. What is your response?

    Oracle GL provides this functionality and there is no problem in satisfying the requirements.

  • 25

    The controller has asked you to produce a report that identifies the total outstanding receivable by customer, as of the period-ending date. Which report would fulfill this request?

    Aging Report

  • 26

    Your client is closing its first period. The Accounting Manager informs you that she is unable to transfer payables to the general ledger or run other reports. She is using the Company XYZ Payable Manager responsibility. What is the likely cause of this error?

    The responsibility is set up without a request group.

  • 27

    Mark, the GL accountant comes to you and says that he is running the tests to check budget functionality. He says that the GL period is closed, but he was able to post the budget journal in a closed period. You check the setups and confirm that the GL period in which Peter was able to post the budget journal is closed. What explanation do you provide to Mark?

    The budget year is Open.

  • 28

    Which three functions can the Payables Accounting Process perform? (Choose three.)

    transfers data to the interface table, runs the journal import, creates accounting entries

  • 29

    Which two actions would you perform using the Column Set Builder? (Choose two.)

    create format mask, define calculations in new column

  • 30

    ABC.com is a national company with five divisions that share the same set of books. Select the statement that best describes the consolidation process for ABC.com.

    Enter eliminating journals and run financial reports.

  • 31

    Which type(s) of journal entry does General Ledger automatically reverse and post?

    actuals only

  • 32

    All of the manual journal entries are defaulting to a non current period. Which step was omitted from the accounting cycle?

    Update Period

  • 33

    Which statement is correct about the differences between the functionalities of parent accounts and summary accounts?

    Summary accounts balances can be viewed in the Account Inquiry form, whereas parent accounts balances cannot be viewed in that form.

  • 34

    During a period, several preapproved batches of miscellaneous transactions were entered and released. The project manager informs you that he is unable to view the accounting in the expenditure inquiry form. Which process was likely omitted?

    distribute costs

  • 35

    ABC.com wants to ensure that no changes are made to unposted journals that come in from their subledgers. At which setup can you control this?

    journal sources

  • 36

    Which four does Oracle Consolidation enable you to consolidate? (Choose four.)

    multiple subsidiaries with different calendars to one parent set of books, multiple subsidiaries with different currencies to one parent set of books, multiple subsidiaries with same calendar to one parent set of books, multiple subsidiaries to one parent set of books

  • 37

    After running the Payables Accounting Process and posting the Journal Import, the accountant determines that several invoices have not been transferred to the General Ledger. Which three can cause an invoice to not be transferred to the General Ledger? (Choose three.)

    Invoice is on hold., Invoice is unvalidated., Invoice is unaccounted.

  • 38

    Which action is part of the Projects tieback process?

    Updates cost distribution lines.

  • 39

    ABC.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report is automatically created. Identify three components that the report Create Journal Entries Execution Report reports on. (Choose three.)

    Budget Journals, Purchasing Encumbrance Entries, Payables Encumbrance Entries

  • 40

    Which reports would be appropriate as part of a financial month-end close? (Choose all that apply.)

    Trial Balance - Detail, Account Analysis

  • 41

    An auditor has asked the payables manager to provide detail that supports the Oracle Payables Liability amount listed on the balance sheet. Which report would best meet the auditor's request?

    Accounts Payable Trial Balance

  • 42

    Which three activities would use summary accounts? (Choose three.)

    Formulate a budget for employee benefits in each company based on the total of all budgeted employee salaries., Estimate a sales commission accrual based on the total of all product sales for each division., Allocate the total monthly costs of the Information Services department to other departments.

  • 43

    ABC.com has many parent segment values with a large number of child values in each parent. ABC.com is having problems running reports. Which profile option would enable better performance?

    FSG: Enable Search Optimization

  • 44

    You are implementing Oracle General Ledger at a client site. The client is based in the US but has a presence in many countries worldwide, and has transactions in multiple currencies. The implementation team decides that GL multicurrency setup will be part of the implementation. The Controller wants a system which allows the flexibility to enter transactions in any foreign currency, and at the same time automatically performs currency conversion online and in real time. She wants to know whether this requirement could be satisfied. What is the correct response?

    Oracle GL provides this functionality and there is no problem in satisfying the requirement.

  • 45

    ABC.com has a calendar with 12 monthly periods. Their fiscal year is the calendar year. ABC.com uses Average Balance Processing. ABC.com's Accrual category is defined with Autoreversal, with the reversal period as the Next Day, and an effective date rule of Roll. An accrual journal entered on 29-Apr-05 will be reversed on the _____.

    next business day in the same period or next period based on transaction calendar

  • 46

    You are about to set up an accounting calendar for a new set of books at ABC.com. ABC.com's fiscal year end is March 31. The company is not sure if it wants to convert one year or two years of history in the GL. The controller wants to choose conversion of one-year history for an April 1, 2007 go-live date, but also wants to keep the option open for conversion of two-year history (to be decided before the go live date). ABC.com will use the GL Translation functionality, beginning from the first period, with historical GL balances. Which solution would meet ABC.com's requirement?

    Define the calendar for Mar-05 through Mar-08. Open Mar-05 through Apr-06 periods. Plan to convert historical data from Apr-06 through Mar-07. If they choose a two-year history, they can always close all periods except Apr-06 later.

  • 47

    ABC.com runs the Program-Create Journals, after which the Create Journal Entries Execution Report is automatically created. Identify three components that the report Create Journal Entries Execution Report reports on. (Choose three.)

    Purchasing Encumbrance Entries, Payables Encumbrance Entries, Budget Journals

  • 48

    ABC.com has decided on a chart of accounts structure that consists of four segments: Company - Cost Center - Account - Sub Account. It has one company value only, and wants to have the ability to restrict (limit the appearance of) the lists of Account values and Sub Account values for some cost centers. What are the design option would meet Newco Inc.'s requirement?

    Define a value set with Independent validation and Non-Hierarchical Security for each of the three segments: Cost Center, Account and Sub Account. Enable security for all three segments and define security rules to restrict lists accordingly.

  • 49

    For each subledger there should be one _____.

    Journal Source

  • 50

    ABC.com has many business units set up as company values in the Company (Balancing) segment for three sets of books: Canada, U.S. and Brazil. The sets of books share a common chart of accounts (COA) structure. The COA structure also has an Intercompany segment (with Intercompany Qualifier) that uses the same value set as the Company segment. Which three options will best use GL Intercompany functionality, given the multiple sets of books that share a common COA? (Choose three.)

    Enable security for the Company segment, and define appropriate security rules, and assign them to the responsibility for each set of books., Enable the Balance Intercompany Journal option when defining each set of books., Create a clearing company for each set of books to handle many-to-many intercompany accounting in each set of books.