GENERAL LEDGER 5 SELECCION

17問 • 1年前

問題一覧

Which of the following currency processes would you use to restate your ledger from the ledger currency to a reporting currency?

TRASLATION

When would you use the Translation process?

To convert a ledger balance into another currency for reporting and consolidation purposes

Which three are subledgers that you can enable for the "Prevent GL Period Close when Subledgers are Open" feature?

ASSETS PAYABLES COST MANAGEMENT

What happens when you try and close a general ledger period? (Choose two)

The period is closed IF there are NO exceptions The SL Close Exceptions report is executed automatically

All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships. What is Oracle’s recommended approach to performing consolidations?

Translate balances to the corporate currency create a chart of accounts mapping to the corporate chart of accounts then transfer balances to the corporate consolidation ledger using the balance transfer program

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 is Oracle’s recommended approach to performing consolidations?

Use General Ledgers 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

Which three financial consolidation options are available in Oracle Financials Cloud?

Balance transfer consolidation when either the calendar or the chart of accounts is different Oracle Hyperion Financial Management Fusion edition Reporting currency consolidation when ledgers share the same calendar and chart of accounts

When you enter journal lines with different balancing segment values, the General Ledger posting automatically creates intercompany balancing lines based on which of the following?

INTERCOMPANY BALANCING RULES SETUP

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.)

If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger 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

Select all the appropriate items from the Period Close Checklist.

ALL OF THE ABOVE

What is revaluation used for?

To manage unrealized foreign currency gains/losses

You have decided to enable reconciliation for your clearing accounts. What program do you need to run after enabling reconciliation for the selected accounts' segment values?

Inherit Segment Value Attributes

What is a prerequisite for running the Receivables to General Ledger reconciliation report?

The Prepare Receivables to General Ledger reconciliation report should be submitted first

Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/losses from varying currency rates.What steps must you perform to achieve this objective without causing data corruption?

Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

Which of the following can you configure using the Transaction Account Definition?

Intercompany Receiver Distribution Account Intercompany Provider Distribution Account

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 Create General Ledger Balances Cube process to ensure that the balances cube maintains translated balances that are consistent with future translations.

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

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Laura Diaz · 5回閲覧 · 60問 · 2年前

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