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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Consolidation and Close Process | 15% | - Translation and revaluation - Period close and year-end processing - Consolidation methods and eliminations |
| Topic 2: Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Intercompany reconciliation - Configuring intercompany accounts and rules |
| Topic 3: Chart of Accounts | 20% | - Value sets, segments, and qualifiers - Designing and configuring chart of accounts structure - Cross-validation rules and segment security |
| Topic 4: Ledgers and Accounting Configurations | 20% | - Accounting calendars and period management - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies |
| Topic 5: Reporting and Analysis | 10% | - Financial reporting using OTBI and Smart View - Account inspector and balance analysis - Trial balance and inquiry tools |
| Topic 6: Journal Processing | 20% | - Journal import and validation - Creating, approving, and posting journals - Recurring, allocation, and reversal journals |
1. You are defining intercompany balancing rules that are applied to a specific source and category, such as payables and invoices, or a specific intercompany transaction type, such as Intercompany Sales.
Which two statements are correct?
A) If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.
B) You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."
C) Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.
D) You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.
2. Which two are prerequisites for creating subledger accounting entries?
A) Completing preaccounting validation
B) Populating supporting reference information in reference objects
C) Selecting source values from transaction objects
D) Creating subledger accounting events
E) Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for the Accounting Method
3. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.
A) Both the intercompany and general ledger periods are open.
B) If they are different, then the exchange rate is missing between the intercompany and ledger currency.
C) The intercompany period is closed.
D) The intercompany transaction is not approved.
E) The corresponding Payables and Receivablesinvoicehave not been generated.
4. Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?
A) Smart View
B) Oracle Transactional Business Intelligence (OTBI)
C) Oracle Business Intelligence Applications (OBIA)
D) Intelligence Publisher (BI Publish.
E) Financial Reporting Center
5. Your company has complex consolidation requirements with multiple general ledger instances.
You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account.
What happens to segments in your source general ledger, such as Program, that cannot be mapped Hyperion Financial Management?
A) Data is summarized across segments that are not mapped to Hyperion Financial Management
B) The data is not transferred.
C) The unmapped segments default to future use segments in Hyperion Financial Management
D) Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management.
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: A,B | Question # 3 Answer: B,D,E | Question # 4 Answer: B | Question # 5 Answer: D |
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