GENERAL LEDGER PARTE 2 EXAMEN 2

23問 • 1年前

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You have defined intercompany balancing rules at all four levels. Which rule will be considered first when balancing an intercompany journal?

PRIMARY BALANCING SEGMENT RULE

When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?

When the journal is balanced by the primary BSV but not by second or third BSV

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

The 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 The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison

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.)

You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules The rules will validate and apply to new and existing accounts

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 ASSETS

During implementation, a consultant accidentally designated the cost center segment as the natural account. Values have already been assigned and journals have been posted. Select the process that allows you to change the qualifier back to cost center qualifier.

Change and save the segment qualifier.

Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.)

Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management

What are the two purposes of a secondary ledger? (Choose two.)

It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

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

Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)

They are updated automatically when the Revaluation process is run They are updated automatically when the Translation process is run

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis. 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?

BALANCES LEVEL

Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)

You must have implemented Payables Cloud and Receivables Cloud You must assign the corresponding Receivables and Payables Business Units

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 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

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

You already ran Translation, but a last-minute adjusting journal entry in yout ledger currency was entered and posted aficriyou consolidated your results. What is Oracle's recommended practice when this occurs?

Rerun Translation and then reconsolidate your results.

You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal edit)/ assigned to it and each legal entity is associated with one balancing segment value.At what level should you define the default intercompany balancing rule?

Primary balancing segment rule

Which three are considered Legal Jurisdictions? (Choose three.)

POST CODE GROUP OF COUNTRIES SINGLE COUNTRY STATE

For journal approval, which AMX list builder is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

SUPERVISORY ICIEL APPROVAL

You need to set up a calendar for the year Aor-XX to Mar-YY where YY is the followinig year, and you would like the periods to be named according to the year they fall in. What format should:you choose?

CALENDAR YEAR

You are planning to create an Income Statement using Smart View. Which Smart View tool should you use for this?

QUERY DESIGNER

You have a requirement to have invoices generated for certain Intercompany transactions. Where do you enable invoicing?

THE TRANSACTION TYPE

A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up primary and secondary ledger. The two accounting standards are very close. Which data conversion level should you recommend to ensure only journal will be entered in the secondary ledger?

ADJUSTMENT ONLY LEVEL

Which two statements are true regarding the Translation process? (Choose two.)

IF NECESSARY BEFORE SUBMITTING THE TRASLATION PROCESS THE REVALUATION PROCESS SHOULD BE COMPLETED ANY RESULTING OFFSET FROM THE TRASALATION IS ENTERED IN CUMULATIVE TRASLATION ADJUSTMENT ACCOUNT

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Laura Diaz · 5回閲覧 · 60問 · 2年前

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