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QUESTION NO:112
After discussions with the client, the implementation team decides that the GL Autoallocation
functionality would help satisfy the clients requirements to automatically allocate the rent and
other expenses to all the departments based on the defined formula. The GL accountant comes to
you with a requirement that the approver of the journal should be automatically informed once
the journal is generated. What is your response?
A. Cross-validation rules must be defined to satisfy this requirement.
B. Dynamic Insert must be enabled to satisfy this requirement.
C. Autoallocation uses Workflow, so there is no problem in satisfying this requirement.
D. It is not possible to satisfy this requirement.
Answer: C
QUESTION NO:45
ABC.com wants to define a consolidation process for its enterprise.
It has two sets of books: set of books A and Set of Books B
Both sets of books will be defined in Oracle General Ledger.
Set of books A will have three companies with the same chart of accounts as set of books B
Set of books A will have USD as its currency.
Set of books B will have four companies with the same chart of accounts and different calendar
as set of books A
Set of books B will have GPD as its currency.
Which consolidation method would you recommend?
A. Interface Data Transformer
B. Global Consolidation System
C. Financial Statement Generator
D. Global Intercompany System
E. Applications Desktop Integrator
Answer: B
QUESTION NO:103
Which four statements are true about the Global Intercompany System AutoAccounting Rules?
(Choose four.)
A. Sender Clearing Rules automatically generate the sender clearing transaction line.
B. Sender Distribution Rules automatically generate the sender transaction distribution line(s).
C. You can use only one set of Autoaccounting rules per pair of sender/receiver chart of
accounts.
D. Receiver Clearing Rules automatically generate the receiver clearing transaction line.
E. Receiver Distribution Rules automatically generate the receiver transaction distribution
line(s).
Answer: A, C, D, E
QUESTION NO:28
Which two statements correctly describe the translation process? (Choose two.)
A. The translation process allows you to translate only year-to-date amounts.
B. If you rerun the translation process, the process adds the additional data to the previous
translated amounts.
C. You can rerun the translation process more than once per period.
D. Translation for a subsidiary can be initiated from the parent using the State Controller
Translate button.
Answer: C, D
QUESTION NO:23
When you enter a journal, the journals in that batch .
A. should share the same period
B. should share both the same period and currency
C. should share the same accounting date
D. can have different periods, currencies, and accounting dates
E. should share the same currency
Answer: A
QUESTION NO:114
ABC.com is a U.S.-based company with business operations in North America and Europe. It
has existing Oracle GL sets of books in its single global instance. All sets of books use a global
chart of accounts and a common accounting calendar. It just expanded its business to Australia
and acquired two new companies with the same year end as World Inc. It wants to be able to
include the new companies in existing financial reports created with Financial Statements
Generator (FSG). How can it easily integrate the two new companies into its existing GL with
minimal effort?
A. Define two new company values, enable AUD currency, and define two new sets of books.
Translate AUD to USD and include the two new companies for FSG reports in USD.
B. Define two new company values, define a new AUD currency, and define two new sets of
books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into
its existing consolidation set of books.
C. Define the new company values, enable AUD currency and define two new sets of books.
Translate AUD to USD for FSG reports in USD. Consolidate the two new sets of books into their
existing consolidation set of books.
D. Define two new company values, enable AUD currency, and define a new set of books.
Translate AUD to USD and include the two new companies for FSG reports in USD.
E. Define two new company values, enable AUD currency, and define two new sets of books.
Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its
existing consolidation set of books.
Answer: D
QUESTION NO:130
BC.com is a national company with five divisions that share the same set of books. Select the
statement that best describes the consolidation process for ABC.com.
A. Enter eliminating journals and run financial reports.
B. Run revaluation and translation, transfer data and run financial reports.
C. Transfer data and run financial reports.
D. Run revaluation, translation, and eliminations; transfer data and run financial reports.
E. Run translations, transfer data and run financial reports.
Answer: A
QUESTION NO:97
The clients GL accountant, George, is responsible for taking care of recurring journals. He
comes to you with a problem. He defined a recurring journal batch, and after that he generated
the recurring journal from the definition. He wants to know whether he can add new lines in this
unposted journal. What explanation would you give to George?
A. The Allow Dynamic Insert box is not selected for the accounting flexfield.
B. The GL period is closed.
C. Additional lines can be added to an unposted recurring journal through Review journal
window.
D. The GL accounts entered in the Enter Journal form relate to items that do not exist in the item
master organization in the inventory module.
E. The GL account code combination is invalid.
Answer: C
QUESTION NO:87
What are two benefits of using the Journals Import: Group By Effective Date profile option?
(Choose two.)
A. Facilitate more transparent exchange rate conversions.
B. Make daily updates to daily business intelligence.
C. Facilitate consolidation.
D. Account for business transactions by effective date or by accounting date.
Answer: B, D
QUESTION NO:55
Joe is the controller of ABC.com, your client. He is anxious to see you demonstrate the basic
functionality of General Ledger with a set of books that somewhat reflects his company\’s business.
Tell him the minimum four pieces of information you need from him, to create a set of books for
your demonstration. (Choose four.)
A. number of accounting periods
B. accounting calendar with periods and fiscal year end
C. currencies that his company has transactions in
D. currency conversion rates
E. suspense account
F. retained earnings account
G. intercompany account
H. company organization structure for Chart of Accounts
I. encumbrance account
J. the base (functional) currency of his company
Answer: B, F, H, J
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