John has created two ledgers: one primary and one secondary. The primary ledger stores transactional data and the secondary ledger stores only adjustments. The secondary ledger shares the same chart of accounts, accounting calendar or period-type combination, and currency as…

Jack is hired as an Oracle General Ledger Implementation consultant for XYZ Corporation. Select two options that are necessary to enable journal approval. (Choose two.) A. key flexfields B. Journal Sources form C. Journal Categories form D. Journal Encumbrance Types…

Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.) A. have similar ledger processing options B. open and close periods simultaneously C. have tax requirements that are specific for a legal…

ABC Systems is headquartered in Toronto with a branch in New Delhi. The Toronto office uses a weekly calendar, whereas the New Delhi office uses a monthly calendar. The GL journals of New Delhi must be reflected in Toronto’s books.…

You are hired to implement Oracle General Ledger at Active Corporation. It has two offices: in the US (East) and the US (West). They have one primary ledger for their US operations. They want to maintain an additional ledger for…

Mark, the GL accountant, asks you whether he can use the constant (C) segment type with the parent segment values while defining the MassAllocation formula. What would be your response? A. Whether you can do this depends on the formula.…

ABC Inc.’s calendar is the fiscal year. They also use Average Balance Processing. ABC’s accrual category is defined with AutoReversal, with the reversal period as the next day, and an effective date rule of roll. An accrual journal entered on…

The company’s two senior executives have different budget figures. They want Peter, the GL accountant, to prepare two current budgets in Oracle Financials and submit budgets to both of them. What would be your response? A. It is not possible…

Which item cannot be queried in the Find Consolidation Process window? A. balance type B. parent period C. mapping sets D. parent calendar E. elimination sets

For each subledger, there must be one ___________. A. journal type B. account type C. journal source D. journal category