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Oracle Fusion Financials 11g General Ledger Essentials

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Exam A

QUESTION 1To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A. specify the chart of account Intercompany receivables accounts, Intercompany payables accounts, thesource and the category

B. specify the account of account intercompany receivables onlyC. specify the chart of accounts intercompany payables onlyD. specify the chart of account intercompany receivables and intercompany payables accounts

Correct Answer: DSection: (none)Explanation

Explanation/Reference:Explanation:Defining intercompany Receivables and Payables accounts is required before using the intercompanyfeature.

Note:* You must define Intracompany balancing rules if you want to balance journals automatically. You maydefine as many or as few balancing rules as you choose, and each balancing rule may have one or manyaccounting rules.* Intracompany balancing allows you to define rules according to the business needs of your company.When there are many balancing rules defined, the Balancing API uses an evaluation order to pick theappropriate rule. Once the balancing rule is selected, there may also be several accounting rules that mustbe evaluated on the balancing rule. The Balancing API uses the sameorder for evaluating accounting rules,and understanding this evaluation order will help you define your balancing rules and accounting rules.

References:

QUESTION 2To set up the intercompany transaction using the Chart of Account rule, you will have to ___________.

A. specify the Chart of account intercompany receivables accounts, intercompany payables account thesource and the category

B. specify the chart of account intercompany receivables onlyC. specify the chart of accounts intercompany payables onlyD. specify the chart of account intercompany receivables and intercompany payables accounts


Explanation/Reference:Explanation:Defining intercompany Receivables and Payables accounts is required before using the intercompanyfeature.

Note:* You must define Intracompany balancing rules if you want to balance journals automatically. You maydefine as many or as few balancing rules as you choose, and each balancing rule may have one or manyaccounting rules.* Intracompany balancing allows you to define rules according to the business needs of your company.When there are many balancing rules defined, the Balancing API uses an evaluation order to pick theappropriate rule. Once the balancing rule is selected, there may also be several accounting rules that mustbe evaluated on the balancing rule. The Balancing API uses the same order for evaluating accounting rules,and understanding this evaluation order will help you define your balancing rules and accounting rules.

References:

QUESTION 3Identify the option that needs to be selected at the header level when assigning a header level subledgerJournal Rule Set.

A. Accounting DateB. DescriptionC. Supporting ReferenceD. LedgerE. Currency

Correct Answer: ASection: (none)Explanation

Explanation/Reference:Explanation:Assignment at Header Level

Header assignments define subledger journal header information and line assignments define journal lineaccounting treatment.

A header assignment includes the following:Accounting date (required)Accrual reversal accounting date (optional)Description rule (optional)Supporting references (optional)Assignment at Line LevelReferences:

QUESTION 4How can data from a Chart of Accounts instance be viewed in Oracle Business Intelligence?

A. Data is automatically available in Oracle Business intelligence through the transaction tables and cubes.B. Select the Business Intelligence check box for the Chart of AccountsInstance.C. Use the Migrate Oracle Fusion Financials function within the Setup and Maintenance work area.D. Enable the offerings in the Manage BI Applications dialog box.E. Select the Enable for Implementation check box.


Explanation/Reference:Explanation:

Note:At the time users create their chart of accounts, the balances cube is created automatically.

QUESTION 5In Oracle Fusion, the intercompany transactions are used to generate the accounts needed to balance____________.

A. By legal entity onlyB. By primary balancing segment values onlyC. By both legal and balancing segments valuesD. By account values

Correct Answer: BSection: (none)Explanation

Explanation/Reference:Explanation:Intercompany journals involve balancing segment values that map to different legal entities. These journalsare balanced for each legal entity by using their intercompany accounts.

Intracompany balancing rules are used to create balancing lines on journals between balancing segmentvalues either within the same legal entity, or where there is no legal entity context.

References:

QUESTION 6Event classes are transaction types used to group____________.


A. Event TypesB. Process CategoriesC. Journal Rule SetsD. Event ModelsE. Event Entities


Explanation/Reference:Explanation:Accounting event classes group accounting event types into distinct, user-oriented groups. They typicallyrepresent the actions possible on a particular transaction or transaction type. Use event classes to groupsimilar event types for sharing accounting definitions.

References:

QUESTION 7The reconciliation report shows the Entered or transaction amount of the accounting entries booked to theintercompany receivables and payables accounts for___________.

A. A pair of provider and receiver legal entitiesB. A legal entity onlyC. A provider onlyD. Business segment only



Note:*intercompany reconciliation provides you with reports to assist you with reconciling your intercompanyreceivables and intercompany payables accounts, and to identify any differences.* Oracle Fusion Financials expedites the reconciliation process with interactive reconciliation reports thatcompare open receivables and open payables balances to the corresponding balances in Fusion GeneralLedger. If differences exist, it performs the labor-intensive process of matching each transaction to its

respective accounting entry and automatically finds all transactions and accounting entries that contribute tothe out-of-balance situation.

* The Accrual Reconciliation Report is used to analyse un-invoiced receipts and to reconcile the balance ofthe Accounts Payable accrual accounts.

This report enables you to identify the following problems in receiving, purchasing, inventory, work inprocess, or accounts payable transactions:

References:

QUESTION 8Why would an end user use BI Composer?

A. To bundletheentire catalog, specific folders, or multi component objects for archivingB. To restrict user access only to the data for which they are authorizedC. To export report, KPI and analysis prompt values and data as PDF, MHTML, XLS and CVS files.D. To set a specific set of dimension valuesE. To leverage a wizard to create, edit orview analyses outside of the Analysis Editor

Correct Answer: ESection: (none)Explanation

Explanation/Reference:Explanation:BI Composer is a simple-to-use wizard that allows you to quickly and easily create, edit, or view analyseswithout the complexities of the "Analysis editor".

References:

QUESTION 9The Profitability Dashboard providers visibility into a company's performance. Which indicator is via theProfitability Dashboard?

A. PipelineB. BudgetC. Return on EquityD. RecruitmentE. Suppliers

Correct Answer: CSection: (none)Explanation

Explanation/Reference:Explanation:Profitability Returns· Return on Equity· Return on Assets· Return on Capital

Margins· Gross Margin Percent· Operating Margin Percent· EBT Margin Percent· Net Income Margin Percent

Product Profitability· Revenue· Product Gross Profit· Product Operating Profit

Customer Profitability· Revenue· Customer Gross Margin

Note:*Financial Analytics Profitability Dashboard provides management a picture of key profitability indicators

* Profitability DashboardsIdentify most profitable customers, products, and channels, and understand profitability drivers acrossregions, divisions, and profit centers. Profitability Dashboards provide key datapertaining to profitability,including Profit & Loss Statements, Customer and Product profitability, Margin Analysis, ROA, and ROE

* Profitability Dashboard PagesOverviewP&LMarginsRevenueProductsCustomers

QUESTION 10Which is an INCORRECT Function for Fusion intercompany?

A. You can use a simple setup in which you define one rule for your chart of accounts.B. The rule defined in intercompany canbe used for all intercompany balancing of all ledgers that use the

same chart of accounts.C. Intercompany enables you to have a more granular set of rules.D. You do NOT have the functionality to define rules for specific Journal and category combinations for

intercompany transaction types.


Explanation/Reference:Explanation:D (not C): You can have a more granular sset of rules. For example, you can define a different rule for eachlegal entity and one chart of accounts rule to cover any gaps in your rule definitions. You can gain evenmore granularity by defining rules for specific journal and/or category combinations or intercompanytransaction types.

References:

QUESTION 11With which two options can Mapping Sets validate input values?

A. Lookup TypesB. Value SetsC. Accounting SegmentD. FlexFields

Correct Answer: ABSection: (none)Explanation

Explanation/Reference:Explanation:Mapping sets enable you to assign a specific output value to an Accounting Flexfield or Accounting Flexfieldsegment. You use mapping sets when you set up account derivation rules. Account derivation rulesdetermine the Accounting Flexfield values for subledger journal entries.

Oracle Projects does not provide any predefined mapping sets. You can optionally define your own

mapping sets. When you enter input values for mapping sets, you can select from a list of values based oneither an existing lookup set or value set. You also specify the Accounting Flexfield segment and selectsegment values from a list of values.

For example, you can select a lookup type of service type for the input and the Accounting Flexfieldsegment program as the output. You then select the service type and program segment values from lists ofvalues as you define each pair

References:

QUESTION 12The company has four legal entities operating in US CA, US-NY, Canada and the UK. The chart ofaccounts and the accounting calendar are the same for US CA, US-NY and Canada but NOT for the UK.

How many ledgers are needed?

A. FourB. TwoC. OneD. three



Note:Ledger Processing OptionsIf there are legal entities that require any one of the below ledger processing options to be different, thendefine a separate primary ledger for each legal entity and therefore, a new accounting setup

Ledger Processing Options are defined at the ledger level and refer to the following options that control howjournals and transactions are processed for that ledger:

First Ever Opened Period

Number of Future Enterable Periods

Retained Earnings Account

Subledger Accounting Options, such as the subledger accounting method, journal description language,entered currency balancing account, cash basis accounting, and the ledger currency balancing account

Option to track balances using a secondary segment

Suspense Account

Rounding Differences Tracking Account

Intracompany Balancing option

Journal Approval

Journal Entry Tax

Journal Reversal Criteria Set

Default Period End Rate Type

Default Period Average Rate Type

Cumulative Translation Adjustment Account

Journal ReconciliationBudgetary Control

Reserve for Encumbrance Account

Average Balance Processing

Average Balance Consolidation

Net Income Account

Transaction Calendar

References:

QUESTION 13To open a period without going into the Setup and Maintenance work area you can maintain the periodstatuses of ledger from the ___________ work area.

A. General Ledger JournalsB. Process MonitoringC. Manage RevaluationsD. Account Monitoring


Explanation/Reference:Explanation:Manage Allocations and Period Entries is a manual task in the implementation project. Use the AllocationManager to create allocations and other formulaic journal templates for generating periodic journal entriesautomatically. Base formulas on multiple criteria. You must perform an external procedure outside theSetup and Maintenance work area to complete this task. In order to setup your allocations rules, navigate tothe Journals work area and click the Create Allocations Rules task from the Tasks pane. This tasknavigates you to Allocation Manager, a framework that enables you define your allocation rules andformulas using a graphical interface and intuitive step-by-step wizards.

Oracle: Oracle Fusion Applications Financials Implementation Guide, Manage Allocations and PeriodEntries

QUESTION 14XYZ Company has two departments: Marketing and Finance. The Finance Department has two Functionaldivisions: receivables and payables. Select the flow for establishing hierarchy.

A. Hierarchy between functional divisions onlyB. Hierarchy between departments onlyC. Hierarchy between the organization and its departments, and between the departments and their

respective functional divisionsD. hierarchy between the organization and its departments and functional divisions only



QUESTION 15What metric values are available on the General Ledger Dashboard?

A. Profit Centers, Period of Time, Cost Centers, Expenses Budgets versusB. Cost of Goods Sold, Return on EquityC. Price Yield, Win-Loss Ratio, Campaign PerformanceD. Schedule Compliance, Target Attainment, Service Level



QUESTION 16How do you identify errors in the accounting calendar?

A. Run the Create Accounting Process.B. A calendar with errors can NOT be saved.C. Run the Transaction Calendar Concurrent Process.D. An error messageisdisplayed when you enter a new calendar or change data on an existing calendar


Explanation/Reference:Explanation:Oracle Fusion General Ledger identifies erroneous entries online as you enter a new calendar or make achange to an existing calander.

Note: Assign an Accounting Calendar and Period Type to the set of books. General Ledger uses thecalendar periods that have the period type you specify for journal entry, budgeting, and reporting with thisset of books.General Ledger will report an error if there are any gaps between periods in your accounting calendar or ifany of your non-adjusting periods overlap.

QUESTION 17Identify three tasks that can be performed using the General Accounting Dashboard.

A. Receive instant visibility of transaction statuses.B. Take immediate action and drill down to uncover more detailed information.C. Get a high level view of the state of a department.D. Configure user responsibilities.E. Pay invoices to a contractor.F. Pay invoices to a supplier.

Correct Answer: ABCSection: (none)Explanation

Explanation/Reference:Explanation:Work areas are fundamentally the places for getting the work done and are focused on a particularbusiness goal. Work areas enable you to:* (A) Receive instant visibility of transaction statuses* (B) Take immediate action and drill to uncover more detailed information* (C) Get a bird's-eye view of the state of your departme

B: From the General Accounting Dashboard, an accounting manager can easily drill down to detailedtransactional information with a single click. Clicking the link of the unbalanced journal in question navigates

you away from the dashboard and directly to that journal.

Note:* General Accounting Dashboard that enables you to:· Set up continuous monitoring of key accounts based on your own defined threshold levels · Verify theaccuracy and completeness of journal batches and intercompany transactions · Instantly monitor the statusof your close process at both ledger and subledger levels The unified General Accounting Dashboardprovides accounting managers with all this information on one page.

* Oracle Fusion General Accounting Dashboard. The General Accounting Dashboard provides accountingmanagers with direct visibilityinto accounts that they want to monitor, the status of their journal batches, intercompany transactions, andthe close process--all on one page. See figure below.

References:

QUESTION 18Which report indicates if the accounting entries have been transferred to the Oracle Ledger whensubmitting the Create Accounting process?

A. Create Accounting ReportB. Trial Balance DetailC. Journals - (132 Char)D. Create Accounting execution Report



When you submit the Create Accounting process, the Create Accounting Execution Report is submittedautomatically upon the completion of the Create Accounting process in success or in warning status. TheCreate Accounting process output will contain a message with the Create Accounting Execution Reportrequest identifier. Use this request identifier to access the execution report output.

References:

QUESTION 19What are NOT included in the intercompany reconciliation reports?


A. Clearing company balancing linesB. Intercompany receivables and intercompany lines generated by the intercompany balancing featureC. Intercompany receivables and Intercompany payables lines generated for the provider and receiver of

each intercompany transactionD. Ledger balancing lines generated when the primary balancing segment value is in balance butneither

the second balancing segment northird balancing segment is out of balance; clearing companybalancing lines


Explanation/Reference:Explanation:The following are not included on the intercompany reconciliation reports:

* Clearing company balancing lines (A)* Ledger balancing lines generated when the primary balancing segment value is in balance but either thesecond balancing segment or the third balancing segment is out of balance

References:

QUESTION 20You have added a cost center to the chart of accounts from Fusion General Ledger. Identify the processthat you need to run to sync the cube in Essbase.

A. Run the import Chart of Account Segment Values.B. Automatically create or modify the cube in Essbase.C. Run the chart of Accounts Account Hierarchy.D. Run the Program Optimizer.


Explanation/Reference:Explanation:Synchronization of chart of accounts values between the Oracle General Ledgers and Fusion AccountingHub

Oracle Hyperion Data Relationship Management (DRM) propagates any updates to chart of accountsvalues from the Oracle E-Business Suite General Ledger to Fusion Accounting Hub. DRM is a changemanagement platform built specifically to support complex financial reference data. With DRM's robustsecurity and rich hierarchy management features, you can enforce highlevel standards and controls overchart of accounts synchronization between Oracle General Ledgers and Fusion Accounting Hub.For the PeopleSoft General Ledger, a one-time chart of accounts load will synchronize the charts ofaccounts from the PeopleSoft General Ledger and Fusion General Ledger.

Note: Integration between Oracle General Ledgers (E-Business Suite and PeopleSoft) and the OracleFusionAccounting Hub has three main components:1. Synchronization of charts of accounts, calendars, and ledgers.2. Transfer of data and financial results from the Oracle General Ledgers to Fusion Accounting Hub'sFusion General Ledger.3. Drilldown from Fusion Accounting Hub to the Oracle General Ledgers

References:

QUESTION 21Which task enables you to define the legal entities that are classified as intercompany organizations?

A. Enter intercompany transactions.B. Define intercompany transactions.C. Manage intercompany transactions.D. Edit intercompany transactions.


Explanation/Reference:Explanation:The Manage Intercompany Organizations task allows you to define the legal entities that are classified as

intercompany organizations.

Note:* Advanced Global Intercompany System (AGIS) enables you to create, settle and reconcile intercompanytransactions. Intercompany transactions are transactions that occur between two related legal entities in anenterprise or between groups in the same legal entity. Transactions that occur between two legal entitiesare called intercompany transactions and transactions that occur between two groups within one legal entityare called intracompany transactions.

* Optionally, assign an intercompany segment. You can use the intercompany segment to identify the legalentities involved in intercompany transactions. Assign the Secondary Tracking Segment qualifier to one ofthe segments in your chart of accounts. You cannot use the primary balancing, intercompany, or naturalaccount as the secondary segment.

References:

QUESTION 22You have created allocution and periodic journal entry definitions for several monthly entries. You are nowready to generate allocation entries. Which task must be completed before generating the allocation andperiodic entries?

A. Set the period to Close or Open.B. Define, validate and deploy the rules or rule sets successfully from Allocation Manager.C. Enter and post the journal balances for Mass Allocation in the Close period.D. Manually set the last day of the submission period as the Accounting Date and Calculation effective

Date.


Explanation/Reference:Explanation:Creating Allocation EntriesYou can allocate amounts from any cost pool (revenues, expenses, assets, or liabilities) to variousaccounts using recurring journals and MassAllocation formulas. With a recurring journal entry formula, youdefine a separate journal entry for each allocation. You can group related allocation entries together in arecurring journal batch.

With MassAllocations, you define one formula to generate allocation journal entries for a group of costcenters, departments, divisions, and so on. You define the allocation pool, the allocation formula, and thetarget and offset accounts for each MassAllocation formula. You can also group combine relatedMassAllocation formulas into batches.

Using recurring journal entry and MassAllocation formulas, you can perform a variety of allocations,including:

Net AllocationsStep-Down AllocationsRate-Based AllocationsUsage-Based AllocationsStandard Costing Allocations

References:

QUESTION 23Which two locations display reports and folders that you have been granted access to based on your role,but have NOT created?

A. My foldersB. My ReportC. Shared Folders

D. CatalogE. Analyzer

Correct Answer: ACSection: (none)Explanation


Note: Oracle recommends that you save the following objects to the subject area folder: calculated items,custom groups, and filters. If a subject area folder does not exist in your /My Folders folder or within the /Shared Folders folder, then Oracle BI EE creates a subject area folder and the Save As dialog will default asave path to /My Folders/Subject Area Contents/<subject area>. Saving these objects to the subject areafolders ensures that they will be available when you build an analysis for the same subject area.

QUESTION 24When recording the closing of a loan, you can link to the account that was used to book the loan origination.

Which option would you choose in Journal Line Rule?

A. Link Journal Lines Options set to NoneB. Link Journal Lines Options set toBusinessFlowC. Link Journal Lines Options set to Copy from Corresponding LineD. Merge Matching Lines to AllE. Journal Line Rule Conditions


Explanation/Reference:Explanation:The Link Journal Lines Option: Determines whether the journal line rule is set up to establish a link betweenthe accounting of transactions that are related both within the same application, and across applications.The alternatives are described below:

* NoneNo link is established.* Copy from corresponding lineBuild account for a journal line using segments from the offsetting entry of the current journal line. Forexample, when the business process requires that a cost center incurring an expense must also bear theinvoice liability and cash outlay.* Business flowink logically related business transactions. For example, when recording the closing of a loan, you can linkto the account that was used to book the loan origination. Journal line rules that are linked must also beassigned the same business flow class.

References:

QUESTION 25When configuring the allocation and periodic entries, which three tasks must be completed beforegenerating the entries?

A. The period is set to Open or Future EnterableB. The rules or rules sets have been defined, validated and deployed successfully from the Allocation

Manager.C. The period is set to Open, Never Open or Future Enterable.D. The journal balances for the allocation or periodic rules are entered and posted in the proper period.E. The period is set to Closed, Never Open or Future Enterable.

Correct Answer: ABDSection: (none)Explanation

Explanation/Reference:Explanation:Prior to generating the allocation and periodic entries, the following tasks must be completed:* (A) The period is set to Open or Future Enterable. You post in open periods, but generation can takeplace in either an open or future enterable period.* (B) The rules or rules sets have been defined, validated, and deployed successfully from the AllocationManager.* (D) The journal balances, that are inputs for the allocation or periodic rules, are entered and posted in theproper period.

Note on B:In Oracle Fusion General Ledger, use the Allocation Manager to create allocations and otherformulaic journal templates for generating periodic journal entries automatically. Base formulas on multiplecriteria. For example, use account balances or statistical amounts to allocate shared revenue or costsacross multiple organizational units and ledgers. Define complex computations based on variables fromdifferent charts of accounts. Group journal formulas together and execute sequentially to update accountbalances in a step-by-step process.

References:

QUESTION 26Identify the two items that the intercompany Reconciliation reports display.

A. ledger balancing lines generated when the primary balancing segment value is in balance, but either thesecond balancing segment or the third balancing segment is out of balance

B. intercompany receivables and intercompany payables lines generated by the intercompany balancingfeature

C. intercompany receivables and intercompany payables lines generated for the provider and receiver ofeach intercompany transaction

D. clearing company balance lines

Correct Answer: BCSection: (none)Explanation

Explanation/Reference:Explanation:Intercompany Reconciliation: ExplainedThe main goal of the reports is to make it easy for you to identify either the receiver side or provider side ofa transaction that has not been posted to the intercompany receivables or intercompany payables account.

The reports show the following intercompany lines:

* (B)Intercompany receivables and intercompany payables lines generated by the intercompany balancingfeature

* (C)Intercompany receivables and intercompany payables lines generated for the provider and receiver ofeach intercompany transaction

The following are not included on the intercompany reconciliation reports:* (not A)Ledger balancing lines generated when the primary balancing segment value is in balance buteither the second balancing segment or the third balancing segment is out of balance

* (not D)Clearing company balancing lines

References:

QUESTION 27Where do end users modify preferences, such as time zone, delivery devices and delivery profile?

A. My AgentsB. My Dashboard pageC. My ScorecardsD. My ReportsE. My Account dialog box


Explanation/Reference:Explanation:My Account -- Displays the "My Account dialog", where you can specify your preferences, such as timezone, delivery devices, and delivery profile.

References:

QUESTION 28The lowest level of granularity at which a journal entry rule set can be assigned is_____________.

A. Event EntitiesB. Event ClassesC. Event TypesD. Journal line RulesE. Events


Explanation/Reference:Explanation:Subledger journal entry rule sets provide the definition for generating a complete journal entry for anaccounting event.

Select the option to define the subledger journal entry rule set for a particular accounting event class oraccounting event type.

Note: The following definitions are utilized to define the journal entries, and are applied as updates to theaccounting method:* Updates to the predefined accounting method* Assignment of journal entry rule sets for an accounting event class and/or accounting event type from theaccounting methods page* Assignment of accounting methods to ledgers* Activation of subledger journal entry rule set assignments

References:

QUESTION 29Changing a Fusion Intercompany system option would______________.

A. be effective on transactions in progressB. take effect only on new transactions going forwardC. impact both new and transactions in progressD. will be retroactive and include historical transactionsE. take effect on new, existing, and transactions in progress


Explanation/Reference:Explanation:Changing and saving a system option will have no effect on intercompany transactions already in progress.Intercompany system options will only affect new intercompany transactions, and are not retroactive to anytransactions previously entered.

Note: Define intercompany system options to set up intercompany processing rules at the enterprise level,based on your specific business needs.

In order to maintain consistency throughout an enterprise, intercompany transaction processing rulesshould be defined at the enterprise level. By standardizing these rules, an enterprise can minimize disputes,decrease processing time, and cut administrative costs.

References:

QUESTION 30Which keyboard shortcut is used to navigate to Focus Annotations Area Control?

A. Ctrl + GB. Ctrl + FC. Ctrl + YD. Ctrl + BE. Ctrl+ L


Explanation/Reference:Explanation:Ctrl+B: Focus Annotations Area control. (for Financial Reporting only.)

References:

QUESTION 31During implementation, the consultant designated the cost center segment qualifier as the natural accountsegment qualifier. Select the process that enables you to change the qualifier back.

A. Change and save the segment qualifier.B. Createa new Chart of Accounts.C. Run the Inheritance program after the change.D. Run the Move/Merge program.



Note:* The Cost centre qualifier is used in FA for reporting purposes.

1) One of the four predefined qualifiers in the Accounting Flexfield is the Cost Center qualifier. This qualifieris used exclusively for reporting in Oracle Assets and in the Account Generator for Oracle Assets.

2) The Cost Center qualifier is designated for reporting purposes. Typically, a customer will use it toassociate asset assignment at a department level, or some other organization level (ie qualifier) within theAccounting Flexfield structure.

* Natural Account: This qualifier when attached to a segment enables the five nature of accounts Asset,

Liability, Expense,Revenue, Owner's Equity. It also assigns the option of Reconciliation account and ThirdParty Control.

* Define the natural account segment. A natural account segment contains values representing accounttypes, such as cash, accounts receivable, product revenue and salary expense. Enter Yes or No to indicatewhether the segment you are defining is your natural account segment. You define only one natural accountsegment in your account.

* Define the Cost Center segment. Cost centers indicate functional areas of your organization, such asAccounting, Facilities, Shipping, and so on. Enter Yes or No to indicate whether the segment you aredefining is a Cost Center segment.* You can change the Account Type segment qualifier by unfreezing all Accounting Flexfield structures thatreference the natural account segment. Changing the account type only affects new accounts created withthe reclassified natural account segment; it does not change the account type of existing accounts.

QUESTION 32The General Ledger supervisor requested a schedule be created to AutoPost the subledger accountsdifferent times. To accomplish this, the AutoPost criteria need to be set by__________.

A. CategoryB. SourceC. BatchD. Journal


Explanation/Reference:Explanation:You can automatically post journal batches that meet specific criteria you've defined in an AutoPost criteriaset. You can define multiple criteria sets that include a range of journal effective dates and multipleAutoPost priorities. AutoPost priorities include combinations of journal source, journal category, balancetype, and period.

References:

QUESTION 33If you change the status of a tree structure, the status of the trees and tree versions associated withstructure also change. Which three statuses apply to the tree structure?

A. PendingB. DraftC. ActiveD. InactiveE. Future

Correct Answer: BCDSection: (none)Explanation

Explanation/Reference:Explanation:If you change the status of a tree structure, the status of the trees and tree versions associated with thattree structure also changes.

The following table lists the different statuses of a tree structure.Status, Meaning* DraftYet to be published or is in a modified state.* ActiveIn use and based on which one or more trees or tree versions are created.

* InactiveNot in use.

References:

QUESTION 34Journal Approval has been enabled, however, the journal did NOT submit to the appropriate manager forapproval. Which three additional steps must, be performed for the approval process to work?

A. Set up journal sources to use Journal approval.B. Create an approval hierarchy.C. Define approver authorization limits.D. Enable customization.E. Set up journal category to use journal approval.

Correct Answer: ABESection: (none)Explanation

Explanation/Reference:Explanation:A: . Set the options that enable journal approval at the ledger level and by journal source. This allows theapproval process to determine which journals to send for approval.

B:Use the following AMX List Builder to build your approval list.* Human Resources (HR) SupervisorThis method uses the HR Supervisory hierarchy levels and specifies the number of levels available forapproval.* Job LevelA relative dollar amount can be attached to a job. The approval list moves up the HR Supervisory hierarchyto the point it finds a job with the necessary approval amount.

E: use category, source, account, or descriptive flexfield information as selection criteria for the journals tobe sent for approval.References:

QUESTION 35What are the two functions that Oracle Fusion Approvals Management (AMX) merges to approve journalflow?

A. Oracle Approvals Management (AME)B. Oracle PeopleSoft Approvals (AWE)C. Business Process Execution Language (BPEL)D. Oracle Workflow


Explanation/Reference:Explanation:Journal approval in Oracle Fusion applications uses Oracle Fusion Approvals Management (AMX) to mergethe functionality of Oracle Approvals Management (AME) and PeopleSoft Approvals (AWE).

References:

QUESTION 36A database connection can be changed when moving from a development environment server to aproduction environment server. Identify the reason for the error message "1012: Report contains an Invalidgrid. The following dimensions could not be found: Measures."

A. Dimensions existed in the old database connection, but NOT in the new database connectionB. Dimensions in the changed database connections do NOT match the previous dimensionsC. Dimensions do NOT match a specific report in the bookD. Opening or running the reports or books for an INVALID database connection


Explanation/Reference:Explanation:When the dimensions in the changed database connections do not match the previous dimensions, anerror message similar to the following is displayed:1012:Report contains an invalid grid. The following dimensions could not be found: Measures The followingactions occur when you open and save a report that has mismatched dimensions:

* Dimensions that existed in the old database connection but not in the new database connection areremoved. The dimensions and its members that existed in the rows and or columns are removed from thegrid. If, as a result of the removal, no dimension exists in the row or column, you need to add a validdimension to the cleared row or column in order for the report to run.

* Dimensions that exist in the new database connection but not in the old one, are added to the POV.References:

QUESTION 37How do you represent the Chart of Account Segments in SmartView technology?

A. MembersB. DimensionsC. User POVD. Grid POV


Explanation/Reference:Explanation:The Oracle Fusion General Ledger provides a Financial Reporting Center with robust financial reportingand analysis using data from your balances cubes. The dimensions contained in your chart of accountsegments become the direct source of multidimensional analysis. Direct links are maintained to yourtransactional data permitting comprehensive drill down from journals to transaction details. Use thefollowing tools for your reporting and analysis:

* Financial Reporting to generate your reports* Smart View to generate spreadsheet reportsEtc.

Note: Smart View: Financial analysts view, import, manipulate, distribute, and share data from your OracleFusion General Ledger balances in Microsoft Excel.

References:

QUESTION 38There is a performance issue with new account hierarchies. Which setting would you update to improveperformance?

A. Row setB. Column setC. ADF Business component View ObjectsD. Parent Child Relationship


Explanation/Reference:Explanation:Oracle ADF view objects are business components that collect data from the datasource, shape that datafor use by clients, and allow clients to change that data in the Oracle ADF Business Components cache

Oracle ADF Business Components uses a sophisticated caching system to improve performance andmaintain consistent views of data.Note: To maintain reliable data consistency, many operations lock an account at the beginning of thetransaction. With an account hierarchy, this means that many of the associated accounts are also locked.While this provides reliable data consistency, it can cause a lot of serialization which decreases thethroughput of the system.

If, through the use of account hierarchies, this problem affects your system, you may choose to lockspecific balance groups instead of the whole account.

QUESTION 39Invoices received from a source system need to use a specific account based on 30 different expensetypes. However, if the invoice is from a specific supplier type, it needs to go to a default account regardlessof the account type. What is the solution?

A. Create two journal line rules with a condition of supplier type.B. Create an Account Rule with 31 rule elements using one condition for each expense type; and another

for supplier type.C. Create an Account Rule with two rule elements using one for expense type mapping and the other for

condition of supplier type.D. Create an Account Rule with three rule elements using one for expense type mapping, one for condition

of supplier type, and the other without any conditions.



Note: Account rules are used to determine the accounts for subledger journal entry lines. In addition, youcan specify the conditions under which these rules apply. Using these capabilities, you can developcomplex rules for defining accounts under different circumstances to meet your specific requirements. Youcan define account rules for an account, segment, or value set

*Account Rules and Mapping SetsMapping sets can be used to associate a specific output value for an account or segment. You can usemapping sets in account rules to build the account.

* Account Rules ConditionsIn the account rules you may specify conditions for each rule detail line. Priorities determine the order inwhich account rule conditions are examined. When the condition is met, the rule associated with thatpriority is used. Depending on which of the defined conditions is met, a different account rule detail isemployed to create the account.

The Create Accounting process evaluates conditions based on the priority of the rule detail. When thecondition is met, the rule detail is applied.References:

QUESTION 40A client is implementing Fusion Accounting Hub for their external receivable system. The external systemsends invoices billed and cash receipts in a flat file along with the customer classification Information. Theclient wants the accounting amounts to be tracked by customer classification, but NOT necessarily in a

Chart of Accounts segment. How can this be solved?

A. Use supporting references to capture customer classification.B. Capture it as a source and develop custom report.C. Change the Chart of Accounts structure to include customer classification; there is no other option.D. Use the Third Party control account feature.E. Use Open account balances listing.


Explanation/Reference:Explanation:You can store balances based on business dimensions outside your chart of accounts using supportingreferences. In other words, supporting references extend your chart of accounts without cluttering yourgeneral ledger with unnecessary detail. For example, you can store balances based on geographies,channel, industry, investment type, fund manager or product category without including these key businessdimensions in the chart of accounts. These balances are stored in the accounting repository, readilyavailable for reporting and analytics

References:

QUESTION 41Journal approval in Oracle Fusion Applications uses Oracle Fusion Approvals Management (AMX) to buildapprovals. Which AMX builder method is most effective when the General Accountant enters the journalsfor approval?

A. Human Resources (HK) SupervisoryB. Job levelC. PositionD. Approval Group


Explanation/Reference:Explanation:Human Resources (HK) SupervisoryThis method uses the HR Supervisory hierarchy levels and specifies the number of levels available forapproval.This method is most effective when the General Accountant enters the journals. For example, if anaccountant enters a journal, he needs approval from his manager. If his manager enters a journal he needsapproval from his manager and so on up the hierarchy for the specified number of levels. Self approval canbe set at any levels in the hierarchy.

Note: Journal approval in Oracle Fusion applications uses Oracle Fusion Approvals Management (AMX) tomerge the functionality of Oracle Approvals Management (AME) and PeopleSoft Approvals (AWE).

References:

QUESTION 42Identify the business intelligence component that enables you to explore and interact with information byvisually presenting data in tables, graphs, and pivot tables.

A. Oracle Business Intelligence- Enterprise EditionB. Analysis EditorC. BI ComposerD. Oracle Transaction Business intelligence

E. Oracle Business Intelligence Applications


Explanation/Reference:Explanation:B: The "Analysis editor" lets you explore and interact with information by visually presenting data in tables,graphs, pivot tables, and so on. You can include the views that you create in an analysis for display indashboards.C: BI Composer is a simple-to-use wizard that allows you to quickly and easily create, edit, or view analyseswithout the complexities of the "Analysis editor".

Note (see select views below): What Are the Steps for Creating or Editing an Analysis in BI Composer?

The steps for creating or editing an analysis in BI Composer are as follows:

Select Columns -- In this step you select the columns that are to be included in the analysis. You can also:

Select Views -- In this step you select the views that are to be included in the analysis, such as a title, table,pivot table, bar graph, and so on. (Note that not all views available in Oracle BI Enterprise Edition aresupported in BI Composer.) You can also preview the results.

Etc.References:

QUESTION 43During the analysis phase of the implementation, it was discovered that there were some expense entriesthat are paid in the current month for services rendered in the next month, the client wants to defer theexpense and recognize it in the next month. What would you recommend?

A. Create two accounting events: one for payment and one for recognition.B. Use Account Derivation rules to create two different entries.C. Use multiperiod accounting-enabled Journal Line Types.D. Use Journal Line Definitions.


Explanation/Reference:Explanation:multiperiod accounting(Oracle Subledger Accounting) Recognition of revenue or a prepaid expense or revenue across multiple GLperiods. Deferred revenue and expense recognition are examples of multiperiod accounting.

Multiperiod accounting is a flexible, powerful tool which allows users to systematically record accountingentries across multiple periods

Note:* account derivation rule(Oracle Subledger Accounting) A component of the Accounting Methods Builder (AMB) that determines theAccounting Flexfield for the subledger journal entries.*

QUESTION 44Identify three characters that can NOT be used with the FRExecute command.

A. &B. (C. =

D. >E. ;

Correct Answer: ADESection: (none)Explanation

Explanation/Reference:Explanation:The FRExecute function syntax:FRExecute(ReportName[Type={1,2};ComponentType={1,2};ComponentName={Grid1,Grid2,Chart1,Chart2,Chart3};Page={1,2,..;.}Cell=FRFormula}

where:

ReportName is the name of the report.

Type1 is a dynamic report and Type2 is a Snapshot report.

ComponentType1 (optional) is a grid and ComponentType2 (optional) is a chart.

ComponenentName (optional) is the grid or chart name.

Page (optional) is the page number.

Cell (optional) is the date cell formula. The cell syntax is cell=cell[row,col], or cell=[row,col]

Note: The FRExecute function enables you to embed a Financial Reporting report or report section into aMicrosoft Word document. You can include a report, a report type (dynamic orsnapshot), or specifyselected areas in the report such as a grid, chart, page, text box, text area, or cell.

References:

QUESTION 45A Client has a sales region the East coast and one on the West coast. The East coast sales region wantsdata analyzed for only their region.

Which tool should be used?

A. Web ADIB. SmartViewC. SmartSliceD. SmartCube


Explanation/Reference:Explanation:A Smart Slice is a perspective of a data source containing a set of dimension members that can be reused.As analytic and financial databases grow in size (in respect to both dimensionality and scope of data), it isimportant to provide users with a better set of tools to focus in on the data and type of analysis they need. Inthe 11.1.1.0.0 release Smart View provides the ability for admin users to model supported data sourcesthrough the Smart Slice modeling interface. This lets admin users determine the specific dimensionality andpreferences to make available to end users who desire access to a specific data perspective when workingwith a data source.

QUESTION 46Identify two INVALID features of POV in Financial Reporting Studio.

A. Multiple grids cannot be Included in a report.

B. To identify that a dimension is set for grid POV, text row foot note should be added for a gridPOV for adimension.

C. A memberselection function with CurrentPOV as the member parameter changes to a User POV whenmembers are selected from a row, column or page axis on a grid.

D. POV book is specific to any report or grid object in report in that book.E. All POVs allow a single member to be set for a dimension.

Correct Answer: BDSection: (none)Explanation


D: A book POV allows anyone running the book to use the same default values for all grids in all reports inthe book simultaneously each time the book is run. It is specific to a database connection for a book, butnot specific to any report or grid object in a report in that book. As the book POV values are saved with thebook itself, changes to the book POV do not affect the book designer's user POV.

References:

QUESTION 47Choose the two options that need to be enabled for Journal Approval.

A. Journal SourceB. AccountC. Ledger levelD. Batch level


Explanation/Reference:Explanation:The ledger is included in the rules because you typically define approval rules per ledger. Set the optionsthat enable journal approval at the ledger level and by journal source. This allows the approval process todetermine which journals to send for approval.

References:

QUESTION 48Choose the Oracle application that will automatically update the chart of accounts values and Hierarchiesacross multiple Oracle E-Business Suite and Oracle Fusion instances through a single application.

A. Oracle Fusion General Ledger SuiteB. Oracle Fusion Accounting HubC. Oracle Hyperion Data Relationship ManagementD. Oracle Business Intelligence Enterprise Edition


Explanation/Reference:Explanation:Oracle Hyperion Data Relationship Management, Fusion Edition integration provides the opportunity toperform charts of accounts and hierarchies maintenance. Data Relationship Management is a master datamanagement application and requires licensing. The functionality also establishes corporate wideaccounting structures, for Oracle and non-Oracle ledgers, and automatically updates charts of accountsand hierarchies across multiple ledgers.

References:

QUESTION 49Identify the step that is NOT correct about implementing Fusion Accounting Hub to integrate with anexternal system.

A. Analyze external system transactions.B. Capture accounting events.C. Determine the accounting impact of transactions.D. Enable external system to create Journal entries.


Explanation/Reference:Explanation:The Oracle Fusion Accounting Hub allows you to use Subledger Accounting to perform accountingtransformations on external, non-Oracle system data. Subledger Accounting is also used to flexibly createaccounting for Oracle subledgers such as Oracle Payables and Receivables. Subledger Accountingincludes:

* Registration of your external systems, indicating what types of transactions or activities require accountingfrom those systems.* Create a library of transaction and reference information that will be used for defining accountingtreatments.* Configurable accounting rules to define accounting treatments for transactions.* Accounting engine that combines transaction and reference information from source systems withaccounting rules to create detailed journals stored in an accounting repository.* Detailed subledger accounting journal entry repository to audit and reconcile accounting balances.* Reports and user interface inquiries for analyzing accounting transformations.* Configurable analytical balances based upon source system or reference attributes.

Note:The Oracle Fusion Accounting Hub process can begin by using financial data from any or all of thefollowing:

* Non-Oracle external applications including transaction and reference information from industry, specificapplications* Oracle Fusion subledgers including subledger journals* Oracle E-Business Suite, Oracle PeopleSoft, and Oracle JD Edwards General Ledgers including accountbalances

The Accounting Hub process ends with complete reporting and analysis solutions.

Note 2:The Accounting Hub contains for example the following component:* Oracle Fusion Subledger Accounting to perform accounting transformations on external system data

References:

QUESTION 50The tables, of views, from which Create Accounting takes source data to use in rules and create entries arereferred to as_________.

A. Transaction ObjectsB. Event EntitiesC. Mapping SetsD. Accounting attributesE. Event Classes


Explanation/Reference:Explanation:The Create Accounting program processes eligible accounting events to create subledger journal entries.To create the subledger journal entries, the Create Accounting program applies application accountingdefinitions that are created in the Accounting Methods Builder (AMB).

The Create Accounting program:* Validates and creates subledger journal entries*Transfers the final journal entries in the current batch run to General Ledger and starts the General Ledgerposting process*Generates the Subledger Accounting Program Report, which documents the results of the CreateAccounting program

Note: Create Accounting Program parameters include:* Ledger: limits accounting events selected for processing to those of a particular ledger* Process Category: restricts the events selected for accounting to a particular process category

References:

QUESTION 51Transaction objects in Fusion Accounting Hub are associated to_____________.

A. Event TypesB. Event EntitiesC. Journal Line TypesD. Event Classes


Explanation/Reference:Explanation:For each event class, register the transaction objects that will hold source data for the event types in thatclass.

Note: Transaction objects are the views and tables that store transaction data in the standardized formrequired by the Create Accounting program.

References:

QUESTION 52Which three ledgers can be viewed from the Close Status work region of the General AccountingDashboard?

A. Single LedgerB. Ledger SetC. Related ledgersD. Currency LedgersE. Debit ledgersF. Level ledger update


Explanation/Reference:

Explanation:B: Actions that can be performed across a Ledger Set Open/Close Periods Create Journals Translate Balances Reporting View Information

Note:*Using the Close Status region of the General Accounting Manager dashboard within Fusion GeneralLedger, you can immediately identify which subledgers have not closed yet.* Close Status region in the General Accounting Dashboard. The Close Status region provides real timevisibility into the period close process from your subledgers to your General Ledger across the entireenterprise.

* General Accounting Dashboard:/ Have a comprehensive view of journals requiring attention, intercompany transactions that are incomplete,account balances that have exceeded their thresholds, and the close status of subledgers and ledgers froma central place/ Increase user productivity by reducing multiple searches and the number of pages he needs to access bypushing information across areas in one place

QUESTION 53What is the best view or tool to use it you need to quickly perform an ad hoc ledger query that drill down toin a web view?

A. Account MonitoringB. Oracle Hyperion Smart ViewC. Oracle Hyperion Financial Reporting StudioD. Account Inspector


Explanation/Reference:Explanation:Account Inspector allows financial analysts and accountants to quickly perform ad hoc ledger queries, multi-dimensional analysis, pivoting, and drill down--all within a web page. Because it works off the same multi-dimensional balances that stores pre-aggregated balances at all levels, slicing and dicing data is extremelyfast. Any changes you make to your query criteria are instantaneously refreshed to ensure you are workingwith the most up-to-date information to make the most informed decisions.

QUESTION 54Identify two valid points to be considered when configuring the workspace database connection.

A. Ledgersetup has to be completed after the database connection is created.B. Cubes are created as part of ledger setup.C. Multiple cubes can be defined for each combination of the chart of accounts and the accounting

calendar.D. A database connection is needed for each cube.E. An ODBC connection is always required.

Correct Answer: BDSection: (none)Explanation

Explanation/Reference:Explanation:B: Cubes are created as part of ledger setup.D:A database connection is needed for each cube.References:

QUESTION 55When reconciling transactions, accounted amounts in a reconciliation report may be different due todifferences in the currency conversion rates used. To mitigate the differences in the account balances youshould ____________.

A. Run the report using an additional common currency conversion rateB. Run additional reports using a number of varied currency conversion ratesC. Add a ledger-balancing line in the intercompany Receivables account and rerun the reportD. Add a ledger-balancing line in the intercompany Payables account and rerun the report



Note:*Transaction Reconciliation Report

Use this report to identify the General Ledger journal entry lines imported from particular transactions inPayables. Transactions that have not been transferred to General Ledger are marked with an indicator.This report is sorted by supplier, supplier site, and transaction number.

* Transaction Reconciliation Report

Use this report to identify the General Ledger journal entry lines imported from specific transactions inReceivables. Transactions that have not been transferred to General Ledger are marked with an indicator.This report totals the debits and credits for each transaction, customer, and customer site.

Use either the Submit Request or the Print Accounting Reports window to submit this report.

QUESTION 56You are required to enter the daily rates for currency conversion from British pound (GBP) to United Statesdollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A. SmartVIewB. Web ADIC. Application Development Framework IntegrationD. Financial Reporting studio


Explanation/Reference:Explanation:You are required to enter the daily rates for currency conversion from Great Britain pounds sterling (GBP)to United States dollars (USD) each day for your company InFusion America Inc.

Oracle Application Development Framework (ADF) Desktop Integration is an Excel add-in that must beloaded onto each client. Because ADF Desktop Integration is an add-in to Microsoft Office products, youcan use this feature only if they have Microsoft Excel 2007 or above, Internet Explorer 7 or above, andMicrosoft Windows 7, XP Professional SP2, or Vista. Users must download the installation files fromNavigator - Tools - Download Desktop Integrator Installer.

References:

QUESTION 57After submitting the journal for approval, you realize the department value in journal is incorrect.

How do you correct the value?

A. Delete the journal and create a new journal.B. Update the journal through a workflow.C. Click the Withdraw Approval button on the journal page and edit the journal.D. Reverse the journal and create a new journal.


Explanation/Reference:Explanation:The Withdraw Approval button on the Journals page is used at anytime in the approval process to withdrawjournals from the process. Clicking this button allows you to edit to the journal. After your changes aremade, submit the entry for approval again. When a journal is withdrawn, the completion status is set toIncomplete.

References:

QUESTION 58Identify two correct behaviors of conditional suppression of rows and columns.

A. If an entire row or column meets the criteria specified for conditional suppression, the entire row orcolumn is hidden.

B. When the Hide Always chock box is selected for a row or column, you can ignore the values andcalculations in hidden rows and columns.

C. If only some of the cells in a row or column meet the criteria specified for conditional suppression, therow or column is hidden.

D. The calculation does NOT consider suppressed rows.


Explanation/Reference:Explanation:A: If an entire row or column meets the criteria specified for conditional suppression, the entire row orcolumn is hidden.B: When evaluating suppression, you can include or ignore the values and calculations in hidden rows andcolumns. This option is enabled only when the Hide Always check box is selected for the row or column.

References:

QUESTION 59What are two reasons for using scorecards?

A. KPIs are represented hierarchicallyB. an objective and its supporting child objectivesC. Dimension PinningsD. Assessment MappingsE. Gauges


Explanation/Reference:Explanation:Use Oracle Scorecard and Strategy Management to:

* Simultaneously define the objectives (that is, goals such as Decreased Operational Costs) and initiatives(that is, processes or tasks such as Form Cost Minimization Team) that form your strategy to which youassign KPIs to measure progress and performance.* Align objectives and initiatives with customized or traditional perspectives (fundamental businesscompetencies and areas such as finance or customer relations). This later enables you to depict the extentto which corporate strategy supports these perspectives. *Define target numeric ranges to evaluate thevalues of KPIs within corporate or department-level objectives and initiatives.* Graphically communicate strategy and strategic dynamics using strategy maps, cause & effect maps,custom views, and strategy trees.* Discuss the implementation and status of objectives and initiatives by adding, reading, and replying tocomments.

Note: Oracle Scorecard and Strategy Management is a performance management tool that lets youdescribe and communicate your business strategy. You can drive and assess your corporate strategy andperformance from the top of your organization down, or from the bottom up.

Oracle Scorecard and Strategy Management also enables you to either align your objectives and initiativeswith traditional balanced scorecard perspectives, or to create your own to reflect your fundamental businesscompetencies.

References:

QUESTION 60How can you restrict access to dashboards, dashboard pages, and other presentation catalog objects?


A. Use membership controls to limit user access.B. Assign object security to predefined groups.C. Create a custom dashboard In Oracle Business Intelligence Enterprise Edition (OBIEE).D. Use the security filter.


Explanation/Reference:Explanation:Permissions and privileges can be assigned to users directly or through membership in application roles orCatalog groups. From another perspective, permissions and privileges can be assigned explicitly oreffectively. Effective permissions and privileges are assigned indirectly through inheritance from applicationroles or Catalog groups, which is the recommended approach for assignments.

References:

QUESTION 61Which is an example of embedded intelligence in the Fusion General Accounting Dashboard?

A. moving the cursor over projected balances displays the impact a journal will have on accountsB. running a trial balance report to reconcile booksC. getting more detail on a balance by clicking the Show More buttonD. setting notification thresholds in the Account Monitor view


Explanation/Reference:Explanation:Embedded intelligence provides immediate actionable insight. This feature gives you access to informationor data to help you complete your transactions. In some instances, embedded intelligence can offersuggestions or recommendations. In other instances, it can offer predictive intelligence. Embeddedintelligence appears on the same page as your transaction, enabling you to always remain in the context ofyour task, and eliminates the need to query or run reports.

Note: You're ready to take action to resolve the balance issue by modifying the suspect journal line. Thisedit can be accomplished inline. So how do you know what impact your edit will have on the accountbalance? This is where embedded intelligence comes in to play.

References:

QUESTION 62Choose the three interfaces that integrate with SmartView to view, import, manipulate, distribute and sharedata.

A. Microsoft ExcelB. Microsoft AccessC. Microsoft WordD. Microsoft PowerPointE. Microsoft Notes

Correct Answer: ACDSection: (none)Explanation

Explanation/Reference:Explanation:Using Smart View, you can view, import, manipulate, distribute and share data in Microsoft Excel, Word,Outlook and PowerPoint interfaces.

QUESTION 63Which accounting attribute group will capture a customer's accounting invoice and the cash applied to thatinvoice?

A. Distribution identifiersB. Business FlowC. Tax attributeD. System Transaction identifiers


Explanation/Reference:Explanation:System transaction identifiers provide a link between an accounting event and its associated transaction ordocument. An identifier is the primary key of the underlying subledger transaction, usually the name of thesurrogate key column on the transaction (header) associated with the accounting event. At least onesystem transaction identifier must be defined for the accounting event class. When an accounting event iscaptured, system transaction identifiers, along with other required event data, are validated forcompleteness.Use event entities to tie subledger transaction entities with their accounting representation. The FinancialServices Accounting Hub uses event entities to maintain the system transaction identifiers that uniquelyidentify the subledger transactions associated with the accounting events.

QUESTION 64A company has the second and third balancing segment enabled for its chart of accounts, and the journal isbalanced by the primary balancing segment but is out of balance by the second and third balancing

segment. This is an example of ____________.

A. Chart Account Balancing RuleB. Balancing Segment RuleC. Chart of Account RuleD. Segment qualifier


Explanation/Reference:Explanation:Example:Ledger balancing options are defined for the ledger to balance the second balancing segment and/or thethird balancing segment, when a transaction is unbalanced by one of these segments.

Simple ledger balancing option with no clearing company options In this scenario the enterprise has thesecond balancing segment and the third balancing segment enabled for its chart of accounts.SetupInFusion USA Chart of Accounts

Note: You can define intercompany balancing rules at the following rule levels:

1.Primary balancing segment2.Legal entity3.Ledger4.Chart of accounts

The rules are evaluated in the order shown above. For example, you can define a Primary BalancingSegment rule and a Legal Entity level rule. If both rules are used to balance a particular journal, the PrimaryBalancing Segment rule is used, as it has a higher precedence. You have flexibility in defining yourintercompany balancing rules. You can have a simple setup in which you define one rule for your chart ofaccounts. This rule is used for all intercompany balancing for all ledgers that use this chart of accounts.Alternatively, you can have a more granular set of rules. For example, you can define a different rule foreach legal entity and onechart of accounts rule to cover any gaps in your rule definitions. You can gain evenmore granularity by defining rules for specific journal and/or category combinations or intercompanytransaction types.

References:

QUESTION 65Which attribute does NOT need to be considered when creating intercompany transaction?

A. Legal EntityB. Receivables and Payables Business UnitsC. Default Organization contactD. Default Transaction Type



Note: An intercompany transaction is a transaction between two entities with common ownership. Theaccounting for intercompany transactions is recorded separate from standard transactions in Oracle Fusion

Receivables.

Receivables determines a transaction to be an intercompany transaction based on the first party (legalentity) and third party (bill-to customer) relationship defined in the intercompany accounting setup. When atransaction is marked as intercompany, the intercompany receivables account is used for accountinginstead of the standard receivables account derived from AutoAccounting. This applies to transactions bothcreated manually and imported using AutoInvoice.

QUESTION 66Identify the valid data source where key Figure Manager is used for Financial Reporting.

A. EssBaseB. Financial ManagementC. PlanningD. SAP BWE. MSOLAP


Explanation/Reference:Explanation:Key Figure Manager is used against an SAP BW data source only.

References:

QUESTION 67Oracle Business Intelligence Enterprise Edition (OBIEE) allows buttons to create, manage, and invoke thetask functionality within the application. What framework is used to set them up?

A. Resource Description Framework (RDF)B. Action FrameworkC. Seed Data Framework (SDF)D. Security FrameworkE. Application Development Framework (ADF)


Explanation/Reference:Explanation:The Oracle Business Intelligence 11g Action Framework makes it possible to set up navigation paths tocritical information that can be displayed on analyses right next to users' data. These paths--or "actionlinks"--can bring up related reports or Websites, or they can enable users to complete business processesby performing actions that access separate applications. Action links are displayed as contextual menusand can contain either mandatory or optional items, depending on conditions you have defined.

QUESTION 68At which two levels do you need to enable the approval process you start defining it?

A. LedgerB. SourceC. JournalD. Category



QUESTION 69Which three tasks that can be performed by using Account inspector in the Account Monitor choice list?

A. Interactively perform ad hoc inquiries on the financial balances.B. Export a custom pivot table to Microsoft Excel.C. Drill down to the detailed balances within a custom pivot table.D. Close selected accounts and periods that appear in the pivot table.E. Do not use a pivot table.


Explanation/Reference:Explanation:Account Monitor is fully integrated with the online multidimensional analysis tool called the AccountInspector. With the Account Inspector, the user can:

* (A) Perform ad hoc multidimensional pivot table analysis

* Review charts based on the Account Monitor data

* (C) Use drill down from the Account Monitor from any parent to the next parent or child level

* Perform drill down from any child level to detail balances, journal lines, and subledger transactions

Note on B:You can choose to review reports in your preferred format such as, HTML, PDF, or Microsoft Excel.

Note:A:Account Inspectoris useful for ad-hoc inquiries against an account.

C: Account Monitor and Account Inspector: Financial analysts monitor and track key account balances inreal time at every level of your dimensions and hierarchies. These tools provide multidimensional accountanalysis and drill down capability.

References:

QUESTION 70Identify the two INVALID output options for batch bursting.

A. Snapshot ReportsB. Output to PrinterC. HTML & MHTMLD. BooksE. PDF files


Explanation/Reference:Explanation:Batch Bursting only supports output to Snapshot Reports, Books and PDF files. Output to a printer, HTMLand MHTML are not supported for Batch Bursting.

References:

QUESTION 71Which three types of objects can be created in Allocation Manager?

A. components that contain formulas, points of view, or allocation ObjectsB. Journal formulas grouped together and executed sequentially to update account balances step by stepC. Rules that contain components, such as points of view, formulas, and templatesD. Rule Sets that contain sets of rules that can be calculated sequentiallyE. Complex computations based on different variables to automatically calculate allocated amounts.


Explanation/Reference:Explanation:The Allocation Manager feature is used to create allocation and other formulaic journal templates forgenerating periodic journal entries automatically. Allocations are defined and generated on top of the pre-aggregated balances in the balances cubes and provide the following benefits:* Immediate real-time access to financial balances for allocations* Accelerated performance with highly scalable allocations

Allocation components include run-time prompt variables, rules, formulas, and rule sets. Thesecomponents are stored in Oracle Essbase. The Allocation Manager feature:* Distributes revenues or costs with recursive allocation rules* Creates complex formula rules using formula component(C)* Contains an allocation wizard to define allocation and formula rules* Uses real-time check of rule definitions to validate correctness of rules* Minimizes setup and maintenance with reusable components* Simplifies the allocation-generation process by integrating with enterprise scheduler* Groups rules together in rule sets to cascade allocations for processing efficiencies (D)* Creates primary, statistical, or foreign currency allocation and formula rules

QUESTION 72What are the key performance metrics for Oracle Fusion Financials?

A. Spend by Category, Spend by Supplier, Spend by Organization and Item DetailB. Pipelinefunnel. Opportunity Details, Forecast and Actual versus Quota and Forecast versus PipelineC. Project Performance, Financial Management, Budget Details and Cost DetailsD. Requisitions. Vacancy Analysis, Recruitment Pipeline and Offer AnalysisE. Expenses, Revenue, Balance Sheet, Cash Flow, Budget versus Actual, Asset Usage, Liquidity,

Financial Structure and GL Balance



Note: In the financial services industry, Economic Value Added is a financial metric that factors into themeasurement of an activity's profitability the cost of economic capital assigned to that activity.

QUESTION 73When an external system sends an invoice to Fusion Accounts Payable, the life cycle of the transaction isinvoice Created, Invoice Adjusted, Invoice Deleted or Invoice Canceled. This cycle can be modeledusing______________.

A. Event CategoriesB. Event modelC. Event entities

D. Event TypesE. Journal Rules


Explanation/Reference:Explanation:Event classes group similar event types and enable the sharing of accounting definitions. An event typerepresents a business operation that you can perform for an event class. An accounting event has both anevent class and an event types that affect how the Create Accounting program determines the subledgeraccounting for it. Event types provide the lowest level of details for storing accounting definitions. Forexample, the Payables event class Invoices is subject to three types of business operations that arerepresented by the following event types: Invoice Adjusted, Invoice Cancelled, Invoice Validated.

References:

QUESTION 74When you use allocations, revaluation, or translation to define and maintain your period close component,which three tasks should you perform under the Define Period Close Components parent task in yourimplementation project?

A. Manage Allocations and Period Entries.B. Manage Revaluations.C. Manage General Accounting Dashboard.D. Manage Historical Rates.E. Manage intercompany Settlements.


Explanation/Reference:Explanation:If you use allocations, revaluation, or translation, configure the following tasks under the Define PeriodClose Components parent task in your implementation project:

Manage Allocations and Period EntriesManage RevaluationsManage Historical Rates

References:

QUESTION 75Identify the two steps that must be completed when performing Accounting Configuration

A. Create Legal EntitiesB. Create Primary LedgersC. Create Reporting CurrenciesD. Open First Period


Explanation/Reference:Explanation:The Setup and Maintenance work area in the Oracle Fusion Applications is used to manage theconfiguration of legal entities, ledgers, and reporting currencies that comprise your accountingconfiguration. To create a new legal entity or ledger, your implementation consultant or system

administrator must create an implementation project. This implementation project can be populated byeither adding a financials related offering or one or more task lists.

References:

QUESTION 76Select the option that helps in sharing Account Rules across applications.

A. Transaction ObjectsB. Reference ObjectsC. Same Chart of AccountsD. Same Value Set validation


Explanation/Reference:Explanation:To share an account rule across applications, all sources used by the account rule must be available for theevent class.

If the sources are available, an account rule is assigned to a journal line rule in the journal entry rule set,and verification occurs to confirm that all sources used by the account rule are available for the journal linerule accounting event class. Journal line rules are only available if the sources are shared; such asreference objects.

Note:You may share account rules across applications in the following ways.

* Assign an account rule from the same or a different application to a journal line rule in the subledgerjournal entry rule set. For example, to derive an expense account for journal line rule Expense, assign theProjects Cost Account rule owned by Oracle Fusion Projects to the Payables journal line rule Expense.

* Create an account rule based on an account rule from another application and assign it to a journal linerule. For example, you may create a new account rule Invoice Expense Account referencing Project CostAccount assigned in the Priorities region. You may attach the Invoice Expense Account rule to the journalline rule Expense in the journal entry rule set.

References:

QUESTION 77Which three options can you use from the Generate Allocations link to open the Submission page?

A. Print OutputB. E-mail the outputC. Notification when this process endsD. Automatically saveitas an Excel fileE. Fax the output


Explanation/Reference:Explanation:Generating Allocations and Periodic Entries Manually

1.From the Navigator, click the Journals link to open the Journals work area.2. In the task pane of the Journals page, click the Generate Allocations link to open the Submission page.3. Optionally select one or all of the following options:* (A) Print Output

* (B) E-mail me the output* (C) Notify me when this process ends4. Select a rule or rule set from the list of values.5. Enter the submission parameters, including Ledger, Balancing Segment Value, and Period. Theapplication automatically sets the last day of the submission period as the Accounting Date and CalculationEffective Date.6. Accept the selected check box for the Post Allocations option to enable the process to post the journalentries.If you deselect the check box for the Post Allocations option, you must post the entry manually or define anAutoPost Criteria Set to automatically post the journal entries.7. Click Submit.After the generation process is complete, the journal entries created by the process are available for inquiryon the Journals page.

References:

QUESTION 78Which three options tan you use from the Generate Allocations link to open the Submission page?

A. Print OutputB. E-mail the outputC. Notification when this process endsD. Automatically save it as an Excel fileE. Fax the output


Explanation/Reference:Explanation:Generating Allocations and Periodic Entries Manually

1.From the Navigator, click the Journals link to open the Journals work area.2. In the task pane of the Journals page, click the Generate Allocations link to open the Submission page.3. Optionally select one or all of the following options:* (A) Print Output* (B) E-mail me the output* (C) Notify me when this process ends4. Select a rule or rule set from the list of values.5. Enter the submission parameters, including Ledger, Balancing Segment Value, and Period. Theapplication automatically sets the last day of the submission period as the Accounting Date and CalculationEffective Date.6. Accept the selected check box for the Post Allocations option to enable the process to post the journalentries.If you deselect the check box for the Post Allocations option, you must post the entry manually or define anAutoPost Criteria Set to automatically post the journal entries.7. Click Submit.After the generation process is complete, the journal entries created by the process are available for inquiryon the Journals page.

References:

QUESTION 79Identify the set up that needs to be completed before you can use cubes.

A. Microsoft OfficeB. LedgerC. FSGD. Report Builder

Correct Answer: B

Section: (none)Explanation

Explanation/Reference:Explanation:Fusion Accounting Hub leverages the Fusion General Ledger. The Fusion General Ledger combinestraditional general ledger functionality with Oracle Essbase functionality, which is seamlessly embeddedwithin the Fusion General Ledger. For example, at the time users create their chart of accounts, the OracleEssbase cube is created.

QUESTION 80A customer is trying to build dynamic reports in Fusion Financial Reporting. What are tworecommendations?

A. Use Function on expanded data segments that are NOT placed on separate rows or columns.B. Create reusable objects and row and column templates.C. Use cell formulas to write efficient formulas rather than row or column formulas.D. Use multiple data segments for formatting or calculating.


Explanation/Reference:Explanation:When designing dynamic reports, consider the following information:l Use expanded data segments for optimal performance:* Use functions on expanded data segments that are not placed on separate rows/columns (A)* Use multiple member selections on expanded data segments that are not placed in separate rows/columns* Use single data segments only when required for formatting or calculations 2 Write efficient formulas:* Use row/column formulas rather than cell formulas, when possible (not C)* Use reference properties* Use a cell reference instead of cross-axis references* Remove unnecessary parenthesis from formulas3 Don't limit your report to the Grid object:* Add functions in text boxes that highlight specific areas* Hide a grid of data in a report to highlight just the graphics 4 Create report templates:* Leverage the power of POVs and prompting functions* Design once using the CurrentPOV and prompting functions* Learn the power of Grid, User, Book, and Batch POVs5 (B) Create reusable objects and row and column templates. Text, Image, Grid, Chart objects, and rowand column templates can be reused in multiple reports

References:

QUESTION 81Which statement about intercompany balancing is INCORRECT?

A. Intercompany balancing is used to balance transactions by an additional dimension beyond the primarysegment.

B. Intercompany balancingisused to track intercompany duo to/due from balances by identifying thespecific trading company.

C. The intercompany qualified segment can NOT be set with any of the three balancing segment qualifiers.D. Segment values can be assigned more than once within your chart of account.E. Segment values can be assigned only once within your chart of account.



Explanation:

QUESTION 82Oracle Business Intelligence Enterprise Edition is available through the iPhone and iPad devices. Which BIobject content is NOT visible through a mobile device?

A. Analysis, including analytic actionsB. Dashboard Page, including analytic actionsC. ActionD. Scorecard, including analytic actionsE. Briefing Book, limited to alert visible in the Alerts list


Explanation/Reference:Explanation:Oracle Business Intelligence Mobile, part of Oracle Business Intelligence Foundation Suite, provides theability to deliver analyses, dashboards, alerts, and other BI content directly to mobile devices, enablingusers to view and then take action on BI insights wherever they are.

Intelligence Mobile gives you the full spectrum of BI functionality on hoc query, OLAP analysis, dashboardsand scorecards. You even have the ability to turn insight into action directly from your mobile reports anddashboards.

References:

QUESTION 83Oracle Business Intelligence Enterprise Edition available through iPhone and iPad devices. Which three BIEE object content are visible through a mobile device?

A. Analysis, including analytic actionsB. Tables, excluding drillingC. ActionD. Scorecard, including analytic actionsE. Briefing book, limited to alerts visible in the Alerts list

Correct Answer: ACDSection: (none)Explanation

Explanation/Reference:Explanation:Oracle Business Intelligence Mobile, part of Oracle Business Intelligence Foundation Suite, provides theability to deliver analyses, dashboards, alerts, and other BI content directly to mobile devices, enablingusers to view and then take action on BI insights wherever they are.

Intelligence Mobile gives you the full spectrum of BI functionality on hoc query, OLAP analysis, dashboardsand scorecards. You even have the ability to turn insight into action directly from your mobile reports anddashboards.References:

QUESTION 84Which three rule types are used to build an account rule?

A. Account CombinationB. Segment


C. Value SetD. Mapping SetE. System Transaction Identifiers

Correct Answer: BCDSection: (none)Explanation

Explanation/Reference:Explanation:B: Account Rules by SegmentDefine segment rules to derive a specific segment of the general ledger account.

C: Account Rules by Value SetsIn the absence of a chart of accounts, you may define account rules based upon value sets. This enablesyou to share the same rule between more than one chart of accounts if the segments in these charts ofaccounts share the same value set.

D: Account Rules and Mapping Sets

Mapping sets can be used to associate a specific output value for an account or segment. You can usemapping sets in account rules to build the account.

References:

QUESTION 85You are required to enter the daily rates for currency conversion from British pound (GBP) to United Statesdollars (USD) each day. Which Excel add-in application do you use to load the daily rates?

A. SmartViewB. Web ADIC. Application Development Framework IntegrationD. Financial Reporting Studio


Explanation/Reference:Explanation:You are required to enter the daily rates for currency conversion from Great Britain pounds sterling (GBP)to United States dollars (USD) each day for your company InFusion America Inc. Oracle ApplicationDevelopment Framework (ADF) Desktop Integration is an Excel add-in that must be loaded onto eachclient. Because ADF Desktop Integration is an add-in to Microsoft Office products, you can use this featureonly if they have Microsoft Excel 2007 or above, Internet Explorer 7 or above, and Microsoft Windows 7, XPProfessional SP2, or Vista. Users must download the installation files from Navigator - Tools - DownloadDesktop Integrator Installer.

References:

QUESTION 86Fusion Accounting Hub includes Hyperion Data Management, which can be used for_______________.

A. Chart of Accounts Hierarchy maintenanceB. the maintenance of Trading Community DataC. Chart of Accounts Master Data maintenanceD. data access and securityE. data modeling


Explanation/Reference:Explanation:Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management, FusionEdition, which is a master data management solution for creating and maintaining hierarchies across yourenterprise. This integration allows you to maintain your charts of accounts values and hierarchies in onecentral location, and then to synchronize your hierarchies in Oracle Fusion and E- Business Suite GeneralLedgers. With licensing and integration of Data Relationship Management, you can:

* Update and change Data Relationship Management versions and hierarchies. The results of thesechanges are exported to the values sets in the Oracle Fusion and E-Business Suite General Ledgers, E-Business Suite parent child hierarchies, and Oracle Fusion Trees.

* Synchronize charts of accounts and hierarchies across multiple Oracle general ledger instances.

* Store segment value attributes, such as account type, start date, and end date, providing the ability toenter such values in Data Relationship Management and integrate them to Oracle Fusion and E- BusinessSuite General Ledgers.

* Submit standardized E-Business Suite Standard Request Submission and Oracle Fusion EnterpriseSchedule Service requests from both the E-Business Suite and the Oracle Fusion General Ledgers toimport values from Data Relationship Management.

References:

QUESTION 87You have been given a task to update a calendar by adding a new period to it. What is the quickest way toperform this task?

A. Manually add the periods.B. Use the Add Year button.C. Run the Other - Calendar Validation Report.D. The application automatically populates the next period.


Explanation/Reference:Explanation:Define the Calendar PeriodsUse the Accounting Calendar form to define your calendar (navigation =Setup..Financials..Calendar..Accounting).You associate a calendar and period type with each set of books. Oracle General Ledger lets you maintainmultiple calendars.For each calendar, you should set up one complete year at a time, specifying which types of accountingperiods you will include in each year. Oracle General Ledger lets you add periods to your calendar at anytime. When you define new accounting periods, remember to use the same period type that you originallyassigned to your set of books. These are the only periods that General Ledger will recognize for your set ofbooks.

Note: Define your calendar to fit your business. You can define a calendar for any fiscal year, and have upto 366 accounting periods for use with actuals and 60 periods for use with budgets. The periods can be of

different lengths, but they all must be of the same period type for one set of books, in order for GeneralLedger to recognize them.

QUESTION 88Transactions may involve multiple currencies that require a common currency to make the reportsmeaningful. What are the amounts Oracle Business Analytics Warehouse uses to store currency?

A. Global Currency (two common currencies), Document Currency,Local CurrencyB. Currency Code, Currency NameC. Currency Symbol, Currency NameD. Report Currency


Explanation/Reference:Explanation:Currency lookups are required because your business may have transactions involving multiple currencies.To create a meaningful report, you have to use a common currency. The Oracle Business AnalyticsWarehouse provides a means for converting a variety of currencies, as well as prepackaging the followingthree currency types for each amount stored in the Oracle Business Analytics Warehouse:

*Document currency. The currency of the transaction. For example, if you purchase a chair from a supplierin Mexico, the document currency is probably the Mexican peso.

*Local currency. The currency in which the financial books, including the transaction, are closed. Forexample, if your business organization is located in France and orders a part from a supplier in Britain, itmay pay in British pounds, but it closes its books in French francs. In this case the local currency for thetransaction is French francs and the document currency for the transaction is British pounds. The localcurrency is useful when each business unit of the enterprise creates its own internal reports. For example,your Japanese site may produce internal reports using Japanese yen, while your United States site mayproduce internal reports using United States dollars.

*Global currencies. Out of the box, Oracle BI Applications provides three global currencies, which are thestandard currencies used by your entire enterprise. For example, if a multinational enterprise has itsheadquarters in the United States, its group currency is probably U.S. dollars. The global currency is usefulwhen creating enterprise-wide reports. For example, a user might want to view enterprise-wide data in othercurrenciesReferences:

QUESTION 89What is the primary source of data that is used for the Financial Reporting Center?

A. data from the balances cubes and dimensions contained in the chart of account segmentsB. transaction tablesC. defined dimensions for journalsD. the Code Combinations table


Explanation/Reference:Explanation:Administrators need to create database connections from Workspace so users can access the cubes fromeither Workspace or Financial Reporting Studio.

References:

QUESTION 90The Receivables and Payables accounts that are automatically generated by intercompany transactions

use rules and attributes in what order?

A. Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger Level Rules;Chart of AccountRules

B. Ledger entity Level Rules; ledger Level Rules; Chart of Account Rules; Primary Balancing SegmentRules

C. Chart of Account Rules; Primary Balancing Segment Rules; Ledger Entity Level Rules; Ledger LevelRules

D. Ledger Level Rules;Primary Balancing Segment Rules;Ledger Entity Level Rules; Chart of AccountsRules

E. Chart of Account Rules; Ledger Entity Level Rules, Primary Balancing Segment Rules; Ledger LevelRules


Explanation/Reference:Explanation:Defining Intercompany Balancing Rules

You can define intercompany balancing rules at the following rule levels:

1.Primary balancing segment2.Legal entity3.Ledger4.Chart of accounts

The rules are evaluated in the order shown above.

References:

QUESTION 91Where do actions that are configured for execution in the Action Framework appear in Oracle Businessintelligence Enterprise Edition?

A. In the Oracle BI EE Global Header sectionB. In the Analysis, Dashboards, Agents, KPIs, and scorecard objectives sections (standard and mobile)C. In theMY Favorite regionD. through OBIEE Mobile



References:

QUESTION 92Select the key performance indicator (KPI) that provides a trend of the cost of an item as part of GrossMargin Analysis

A. Item Cost KPIB. Value Trends KPIC. Gross Margins KPID. Inventory Value KPI

Correct Answer: ASection: (none)

Explanation


Note:* Overhead Costs Expensed or Capitalized

On inbound transactions and inventory transfer transactions, overhead expenses can be absorbed andcapitalized into inventory value, or the absorption can be redirected to an expense account: a credit to anabsorption account and a debit to either an inventory or expense account. On outbound transactions,overhead absorption is redirected to an expense account, and will be included in the gross margincalculation.For example, consider a receipt of inventory items that cost $10 each to purchase, and you would like toabsorb overhead cost of $2 each on the inbound transaction. When the item is sold, you would like toabsorb additional overhead of $3 each on the outbound transaction. The total cost of goods sold is $15each.

*Fusion Costing analytics include support for Gross Margin Analysis, Item Cost Trend and Item Value trend,embedded in the Fusion Cost Accountant's dashboard

References:

QUESTION 93Choose the four steps required to create and use the chart of accounts.

A. Create Value Sets.B. Create Chart of Accounts Structure.C. Create Chart of Accounts Structure Instance.D. Create Value Set Values.E. Create Account Hierarchies.F. Publish Account Hierarchies.

Correct Answer: ABDESection: (none)Explanation

Explanation/Reference:Explanation:To set up your chart of accounts:1. (A) Define value sets. Value sets determine the attributes of your account segments such as thesegment length, whether to require a segment value, value alignment, and value security.2. (B) Define your account structure. Indicate how many separate segments your account will have, and foreach segment, enter a name, sequence number, and an associated value set.3. Define rollup groups to create summary accounts whose summary balances you can review. You assignparent segment values to rollup groups.4. Define your account segment values. If you plan on defining summary accounts or reporting hierarchies,you must define parent values as well as child or detail values. You can set up hierarchy structures for yoursegment values. Define parent values that include child values. You can view a segment value's hierarchystructure as well as move the child ranges from one parent value to another.Note:segment values(D)Use the segment values windowto define values that belong to independent or dependent value sets.5. Define Security Rules to restrict user access to certain account segment values.6. Define cross-validation rules to control the account combinations you want General Ledger to allow. Forexample, you may decide that your sales cost centers, 600 to 699, should only enter amounts to productsales accounts, 4000 to 4999.7. Define or enable descriptive flexfields.8. Define account shorthand aliases to speed entry of account segment values. If you enable shorthandalias flexfield entry when you define your account structure, then you can define aliases, or codes, whichstand for complete or partial accounts.9. Define summary accounts to create and maintain summary balances for quick reporting and onlineinquiry.10. Create account combinations.

References:

QUESTION 94In Member Selection, which three operators and symbols enable you to display members based specifiedcriteria?

A. Left parenthesisB. Right parenthesisC. AND operatorD. Union operatorE. Double parentheses

Correct Answer: CDESection: (none)Explanation

Explanation/Reference:Explanation:Boolean operators enable you to specify member combinations in your report. You use the AND, OR,UNION, and NOT Boolean operators, combined with member expressions, to refine your memberselections.Example:(Children of East OR Children of West) AND Members where UDA=Major Market

References:

QUESTION 95Which task is NOT allowed when spreading data for time periods in Microsoft Excel?

A. spreading data in a summary time period that includes members and mixed currency typesB. spreading the value of a summary time period to its base time periods or to the first parent or first child

of the parent time periodC. spreading values among children and parents proportionally, based on existing distributionD. spreading values based on weekly distribution of a quarter, which could be 4-4-5, 5-4-4, or noneE. temporarily locking the values of certain cells while spreading data over time periods


Explanation/Reference:Explanation:Working with a data form page in Excel, you can spread, or distribute, values in several ways:* Spread the value of a summary time period to its base time periods or to the first parent or first child of theparent time period* Spread values among children and parents proportionally, based on existing distribution* Spread values based on the weekly distribution of a quarter, which could be 4-4-5, 5-4-4, 4-5-4, or None(as set up by the budget administrator)* Temporarily lock the values of certain cells while spreading data over time periods

References:

QUESTION 96How is an online ad hoc pivot table created?

A. Export to Microsoft Excel to perform data manipulationB. Use the input parameters feature onlineC. Use Online Analyzer, if granted access by an administratorD. Use the Location featureE. Use Style Templates


Explanation/Reference:Explanation:This procedure describes how to create an interactive pivot table using the Online Analyzer.

From the report viewer, click Actions and then click Analyzer.Etc.

References:

QUESTION 97An invoice with two lines is entered, later that day an adjustment is made to the invoice to add another line.At the end of the day, the invoice is sent to the Fusion Accounting Hub. How many events would youcreate?

A. Twoevents: one for invoice creation and one for the adjustmentB. Oneeventforinvoice creation; adjustment happened before transaction sent to the Fusion Accounting

HubC. Threeevents: one for invoice creation and two for line creationD. Fourevents: one for invoice creation, one each for the two lines arid one for the adjustment



Note: Some business events have financial accounting significance and require the recording of financialinformation. These business events are known as accounting events and provide the data used inaccounting transformations.

Examples of business events from a revenue recognition or billing system include:

Complete an invoiceRecord a paymentRecord late charges

Examples of business events from a point of sale system include:

Record an orderAccept a paymentReceive a return

Examples of business events from a loan (core banking) system include:

Originate a loanFund a loanRecord late charges for a loan

QUESTION 98What is the most efficient way to add a new year to the accounting calendar?

A. Add the periods manually.B. Use the Add Year button.C. Run the Other - Calendar Validation Report.D. The application automatically populates the next period.



Update an existing calendar before the new periods are needed as future periods, based on the futureperiod setting in your accounting configuration. If a complete year has been defined and validated, use theAdd Year button to add the next year quickly. The Add Year button automatically adds the rows for the newyear. These new rows can be accepted or changed. For example, with the Other frequency type calendar,dates may differ from what the application generated and need to be changed.

References:

QUESTION 99Oracle Fusion Accounting Hub is integrated with Oracle Hyperion Data Relationship Management FusionEdition. What are two primary purposes of this functionality?

A. ability to maintain charts of accounts values and hierarchies in one central locationB. ability to download very large amounts of dataC. a master data management solution for creating and maintaining hierarchies across an enterpriseD. accurately reflects the accounting rulesE. stores the identifier for the transaction in the transaction table


Explanation/Reference:Explanation:Oracle Hyperion Data Relationship Management, Fusion Edition integration that provides the opportunity toperform charts of accounts and hierarchies maintenance. Data Relationship Management is a master datamanagement application and requires licensing. The functionality also establishes corporate wideaccounting structures, for Oracle and non-Oracle ledgers, and automatically updates charts of accountsand hierarchies across multiple ledgers.

Note: Oracle Hyperion Data Relationship Management (DRM) is an enterprise change managementsolution for building and retaining consistency within master data assets despite endless changesnecessary to support underlying transactional and analytical systems. As companies grow and evolve, itbecomes essential to manage master data across information silos that result from mergers andacquisitions, departmental initiatives, or legacy system proliferation. Data consistency, integrity, quality andaccuracy suffer and no one trusts the information and insight that ensues. Hyperion DRM provides theindustry's first data model-agnostic master data management solution built to enable financial and analyticalmaster data management in dynamic, fast-changing business environments.

References:

QUESTION 100Which three objectives must be considered when designing the chart of accounts?

A. Effectively manage an organization's financial business.B. Support the audit and control of financial transactions.C. Provide less flexibility for management reporting and analysis.D. Anticipate growth and maintenance needs because organizational changes occurE. Select the segment qualifiers.


Explanation/Reference:Explanation:D:Provides a good foundation for further expansion as well as appropriate storage of current and historicalinformation.

QUESTION 101Which tab is used in the journals Work region of the General Accounting Dashboard to identify journals thatproduce an error during the Posting Process or that are rejected in the approval flow?

A. Pending Approval Prom OthersB. IncompleteC. Import ErrorsD. Requiring Attention


Explanation/Reference:Explanation:How can I identify errors that occurred during my AutoPost process?

Review the AutoPost process results on the AutoPost Execution report. This report is automatically createdwhen the program completes successfully. The report contains the batch name, accounting period, andbalance type for each posted journal batch, and lists error statuses for batches that failed to post. Theunposted journals with their error status are also displayed on the Requiring Attention tab of the Journalswork area and the General Accounting Dashboard.

Note: How can I confirm that my journal entries were automatically posted?

Review the AutoPost Execution report. This report is created when the AutoPost program completes andcontains the batch name, accounting period, and balance type for each batch posted, as well as errorcodes for those batches that failed to post. The posting status of journal batches is also listed on theJournals work area and the General Accounting Dashboard.

References:

QUESTION 102Choose the two Oracle Hyperion Reporting and Analysis products and artifacts, that can be imported intofinancial Reporting.

A. Dynamic Report (* .des)B. Impact Manage Transformation Scripts (*. Js)C. Snapshot Reports (*.rpt)D. Books. (*.kbk)

Correct Answer: CDSection: (none)Explanation

Explanation/Reference:Explanation:Oracle Hyperion Reporting and Analysis products and artifacts that you can import into Financial Reporting:Dynamic report (*.des)Snapshot reports (*.rpt)Books (*.kbk)Snapshot Books (*.kbt)Batch files (*.bch)

References:

QUESTION 103

Yon have entered a journal and your supervisor is asking for the current account balance and what thefuture account balance will be after the journal is approved and posted. How will you get this information?

A. Run Trial Balance.B. Run the Journals- (132 Char) Report.C. View the Projected Balances Region on the Create Journal pageD. View the Account Inquiry window


Explanation/Reference:Explanation:Use the projected balances feature to view the impact on account balances for selected subledger journalentry lines.

The projected balances flow has the following business benefits:

Creation and validation of unposted manual journal entries by providing knowledge users with immediateand relevant information about the account balances for the selected journal lines.

Validation and reconciliation of posted journal entries by providing immediate and relevant informationabout the account balances for the selected journal lines.

References:

QUESTION 104In Oracle Fusion Applications, a calendar can only have ___________.

A. Oneperiod frequency and period typeB. Multiple period frequenciesC. Multiple period typesD. Multiple period frequencies and period types


Explanation/Reference:Explanation:In Oracle Fusion applications a calendar can only have one period frequency and period type. Therefore, ifyou have an existing calendar with more than one period type associated with it, during the upgrade fromOracle E-Business Suite, separate calendars are created based on each calendar name and period typecombination.

References:

QUESTION 105Which view do you use to set parameters and define the data that is displayed in the SmartView report.

A. SmartSliceB. SmrtViewC. Point of ViewD. SmartCube



Explanation:Smart Slices are stored centrally and are available to users from the Smart View Panel. An entire report isassociated with an Excel workbook, a Word document, or a PowerPoint presentation. One report isassociated with an Excel worksheet, a Word page, or a PowerPoint slide. For PowerPoint presentations,Oracle recommends one report type per slide. You can create reports from entire Smart Slices or fromsubsets of data in a Smart Slice. Reports can then be displayed on an Excel spreadsheet, Word document,or PowerPoint slide. You can display as many reports from as many data sources as space will permit onone sheet

References:

QUESTION 106The Link Journal Lines option in a Journal Line Rule is set to "Copy from Corresponding Line."

What would this do?

A. copies the description from the debitline to the credit lineB. copies the accounted amount from a previous journalC. copies the accounting dale from a previous journalD. builds account for a journal line using segments from the offsetting entry of the current journal lineE. copies from a previous journal line


Explanation/Reference:Explanation:Copy from Corresponding Line:Build account for a journal line using segments from the offsetting entry of the current journal line. Forexample, when the business process requires that a cost center incurring an expense must also bear theinvoice liability and cash outlay.

References:

QUESTION 107In the Essbase database source, how do you identify duplicate members?

A. display qualified names instead of the member namesB. use the member perspectiveC. use an alias name for a database memberD. use member Information


Explanation/Reference:Explanation:After enabling an Essbase outline to accept duplicate member names, there are two methods you can usefor loading data using a data file and data load rule: loading data using qualified member names andloading data using ancestor reference.

References:

QUESTION 108A company has three divisions: a U.S. division that covers the U.S. locations, a European division thatcovers U.K. and France, and a Middle East division that covers Saudi Arabia and U.A.E. All the divisionshave their own employees. Choose how many Ledgers and Legal Entities the company Needs.

A. One ledger and one Legal Entity

B. Two ledger and two Legal EntitiesC. Three Ledger and three Legal EntitiesD. One Ledger and three Legal Entities


Explanation/Reference:Explanation:LE(legal entity)Design Models

* 1:Many(Ledger-Legal entity) LE are mapped to the Balancing Segment Value (BSV, aka Companycode) within a Ledger, so multiple LEare accounted for in a ledger. An OU will have one Ledger assigned so transactions for many LE areprocessed and accounted in a singleOU

* 1: 1: 1 A single LE is mapped to a Ledger An OU will have one Ledger assigned Therefore an OU only has one LE (that means it is easy to derive the LEgiven the OU)

The 1:M model is recommended and preferred in the US, the 1:1:1 model is recommended for most nonUSregions.

Note: The Multi Org Structure falls in the below order, i.e.Business Group => Ledger => Legal Entity =>Operating Unit.From Left to Right its ONE TO MANY Relation ship which means .....1BG can have morethan 1 Ledger, 1 Ledger can have more than 1 LE, 1 LE can have more than one OU.From Right to Left itsONE to ONE Relationship which means ...1 OU can point to 1 LE only1 LE can point to 1 Ledger only1Ledger can point to 1 BG only

QUESTION 109Which components are used to perform ETL and prebuilt ETL logic while setting up Oracle BusinessIntelligence Enterprise Edition?

A. Functional Setup Manager and Configuration ManagerB. Information PowerCenter Servicer, and Informatics RepositoryC. Metadata Repository and BI Presentation Services CatalogD. Oracle Business Analytics Warehouse and Oracle BI Presentation ServicesE. Oracle BI Server and OLIP data source


Explanation/Reference:Explanation:The Extract Transform and Load (ETL) process must be run by a user with appropriate data securityprivileges granted on the Fusion Application tables from which data is extracted into Oracle BusinessAnalytics Warehouse.

For this purpose, the Group named FUSION_APPS_OBIA_BIEE_APPID is provisioned during install withthe appropriate ETL security privileges (by default, this Group is mapped to the Duty Role namedOBIA_EXTRACT_TRANSFORM_LOAD_DUTY).

QUESTION 110Which three actions can you perform on subledger journal entities?

A. FinishB. Duplicate

C. ReverseD. CloseE. CompleteF. Incomplete

Correct Answer: CDESection: (none)Explanation

Explanation/Reference:Explanation:C: If a payment is voided after the payment has been confirmed, you must submit the Disbursement inTransit Voided Checks process to create accounting for the voided payments. Oracle SubledgerAccounting reverses all journal entries for payments that have been voided.

E: When a subledger journal entry is completed, the reference date must be in an open or future openaccounting period.

Note:A subledger journal entry can have a status of Draft, Final, Incomplete, Invalid or Invalid RelatedEntry.

QUESTION 111Choose four applications for which SmartView provides a common Microsoft Office interface.

A. Oracle Hyperion Financial Management, Fusion EditionB. Oracle Hyperion Planning, Fusion EditionC. Oracle E-Business Suite Release 11gD. Oracle Enterprise Performance Management Workspace, Fusion EditionE. Oracle Business Intelligence Enterprise EditionF. Oracle Essbase

Correct Answer: ABDESection: (none)Explanation

Explanation/Reference:Explanation:A, B: SmartView provides anOffice-based interface for leveraging Hyperion Planning, Hyperion FinancialManagement, and Hyperion Workforce Planning data entry forms D, E:Oracle Hyperion Smart View forOffice, Fusion Edition (Smart View) provides a common MicrosoftOffice interface for the OracleEnterprisePerformance Management (EPM) suite of products along with Oracle Business Intelligence (BI) datasources

Note: Oracle Hyperion Smart View for Office (Smart View) is a component of Hyperion FoundationServices. Smart View provides a common Microsoft Office interface designed specifically for Oracle'sEnterprise Performance Management (EPM) and Business Intelligence (BI). Using Smart View, you canview, import, manipulate, distribute and share data in Microsoft Excel, Word and PowerPoint interfaces. It isa comprehensive tool for accessing and integrating EPM and BI content from Microsoft Office products.

QUESTION 112In Oracle Fusion, you can NOT edit the period after it is set to ____________.

A. OpenB. Pending ClosedC. Open or EnterableD. Closed


Explanation/Reference:Explanation:Note: After the Receivables period is set to status Close Pending or Closed the drilldown data is real-timeand summary data is static.


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