You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this? A. Create an Account Group using Account Monitor B. Use Account Inspector C. Open a Smart View…
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? A. Enter another adjusting journal entry in the target currency to…
You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed. How will you achieve this? A. Opt in to…
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,…
You want to monitor the close process of all financial subledgers and ledgers. How can you quickly obtain this information? A. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers B. Access each subledgers’…
You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report. What should you enable to allow this? A. Nothing. All report are drillable…
You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account’s activities. What type of report will provide this type of information? A. Aging Reports B.…
You want to specify Intercompany System Options. Which three factors should you consider? (Choose three.) A. whether to allow receivers to reject intercompany transactions B. whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies C. automatic…
You entered the following information in the Companies and Legal Entities tab of the Rapid Implementation Spreadsheet: Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create? A. 6 B. 3 C. 4 D.…
You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason? A. Two tree versions were not defined B. Chart of accounts was not deployed C. Accounting Configuration was not submitted…