176-200

25問 • 7ヶ月前

問題一覧

Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the board of directors of the company. ABC Company engages in many exports and import activities and follows the policy to revalue all its transactions in foreign currency with the current market rates. Scott requests George, the head accountant of the company, to revalue all foreign currency transactions done during the year. Select two prerequisites that George must comply with to ensure that the revaluation is done as desired. (Choose two.)

Define accounts for unrealized gains and unrealized losses. , Define a revaluation rate for each currency for each period or date for which the revaluation must be run.

ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was 47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

XYZ Company is not impacted at all by this rate change. , ABC Company has a positive impact by this rate change.

Select two statements that are correct for the secondary tracking segment. (Choose two.)

Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment. , This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.

Identify four consolidation tools. (Choose four.)

Interface Data Transformer , Global Consolidation System , Financial Statement Generator , Applications Desktop Integrator

Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.)

You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting., Both budget and actual balances can be consolidated.

ABC Company in the United Kingdom has three subsidiaries in three different countries. It consolidates the accounts of all subsidiaries and the headquarters by using the average balances. John is new to Oracle General Ledger. He has just joined ABC Company. He needs to consolidate for the current month. On completion of the consolidation, John was not able to tally the consolidated figures with the ledgers. Select two reasons why John failed to see the correct balances. (Choose two.)

Posting of the consolidation journals may have failed. , John may not have reversed the prior periods consolidation in the current period.

Select two restrictions that apply to consolidating budget balances. (Choose two.)

If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period. , If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.

Select three statuses of the consolidation workbench. (Choose three.)

posted, reversed, transferred

Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

It ensures reapplication of the same rules each time you transfer. , User-defined conditions enable you to control when transformation rules must be applied. , IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three statements that apply to consolidating ledgers with different charts of accounts. (Choose three.)

Only one action can be defined per parent segment. , Consolidations based on segment rules process faster. , A segment rule action must be defined for each segment in the parent chart of accounts.

Which two are true about elimination? (Choose two.)

You can define balancing options for eliminating entries. , You can define an elimination set to contain one elimination entry.

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

updating the period

Select the correct sequence of tasks required for period closing in Oracle General Ledger. 1. Verify that all journals are posted. 2. Close the period of each subledger. 3. Run the Trial Balance report and other month-end reports. 4. Close the period and open the next period. 5. Perform reconciliation of subsidiary ledgers. 6. Transfer and import data from all subledgers.

6, 5, 2, 1, 3, 4

You have a new employee in the buying department. She set up a number of item numbers and chose not to flag them for invoicing. Several transactions have been completed in Order Management by using these new item numbers. What effect would this event have on the Receivables closing process?

The transactions would be flagged as exceptions.

Which four attributes are validated during the Journal Import process? (Choose four.)

period, balanced journal , cross-validation rule , account combination

Identify two types of inquiries that are possible on ledger sets. (Choose two.)

an account inquiry on ledger sets to view actual accounts balances across multiple ledgers that are assigned to a ledger set , an account inquiry on ledger sets to view encumbrance account balances across multiple ledgers that are assigned to a ledger set

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 an incorrect account type.

Identify the three reports that can be processed using the State Controller window. (Choose three.)

Consolidation Audit, Consolidations Journal , Consolidation Exceptions

Your client is closing its first period. The client completed the accounting cycle for each of the subsidiary books. Its staff has called you to troubleshoot its process because the consolidation did not produce any data. Select two steps that you would perform to identify the error. (Choose two.)

Evaluate the mapping settings. , Review the GL_Interface tables.

ABC Company wants to compare consolidated actuals against consolidated budgeted amounts. Identify the two steps that must be performed to provide ABC Company with this information. (Choose two.)

Execute an online account inquiry. , Run financial statement generator reports.

Identify what three considerations must be executed before creating a report by using the financial statement generator. (Choose three.)

Determine the data to be reported. , Define attributes for rows and columns. , Decide which rows and columns will make up the report.

Which two actions would you perform by using the column set builder function? (Choose two.)

creating the format mask , defining calculations in the new column

Select two steps that are NOT elements of creating a Financial Statement Generator (FSG) report in Oracle General Ledger (Choose two.)

Attach the fiscal calendar. , Specify the default ledger for ledger sets.

the course of implementing Oracle General Ledger, you and your customer have created a number of Financial Statement Generator reports in a test environment. These reports have been tested and you are now ready to create them in your production environment. You are ready to run the FSG Transfer program. What two requirements are necessary to run this program? (Choose two.)

Database links must be defined. , The same ledgers must be defined in both instances.

XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Select the element that would meet this need.

row order

(1-50)

(1-50)

(51-100)

(51-100)

Mock 1

ユーザ名非公開 · 100問 · 7ヶ月前

Mock 1

(101-150)

(101-150)

Mock 2

ユーザ名非公開 · 100問 · 7ヶ月前

Mock 2

151-175

151-175

(151-200)

(151-200)

200-240

200-240

240-300

240-300

Final Mock (All)

ユーザ名非公開 · 300問 · 7ヶ月前

Final Mock (All)

300問 • 7ヶ月前