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…

You want to achieve multi-step cascading allocations, which feature do you use? A. RuleSets B. Formulas C. Point of View (POV) D. General Ledger journal entries

You need to create a boardroom ready month-end reporting package for an upcoming Audit Committee meeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicely formatted. What are the two Oracle recommended…

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? A. Journal Balances Rule B. Journal Entry Rule Set C. Journal…

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.…

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for a purchase order. The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal for liquidating the purchase order encumbrance…

Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source. At what level can you override the…

You want to prevent intercompany transactions from being entered during the last day of the close. Assuming Intercompany and General Ledger use the same calendar what should you do? A. Close the General Ledger period in the Manage Accounting Periods…

In Financials Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three) A. Smart View B. Financial Reporting Studio C. Application Composer D. Oracle Transactional Business Intelligence E. Oracle Enterprise Repository

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.) A. Set up…