When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).
A. Financial Reporting Studio
B. Smart View
C. Oracle Financial Statement Generator
D. Financial Reporting Center
You are using Oracle General Ledger (GL), Oracle Payables and Oracle Receivables and would like to prevent the closure of the GL period if the corresponding subledger period is not closed.
How will you achieve this?
A. Opt in to the Prevent Period Close option for the offering
B. Set the relevant option on the Specify Ledger Options page
C. Nothing, this option is enabled automatically
D. Set the ORA_GL_INCLD_STRICT_PRD_CLOSE profile option to yes
You have set up a supporting reference with balances to capture revenue by account manager. Which option should you use to view the supporting reference balances?
A. an Account Group
B. an OTBI analysis
C. a SmartView analysis
D. General Ledger inquiries and reports
You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ).
The following combinations exist in the Code Combination table:
01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and 01-000-7640-00
Which two statements are true regarding cross-validation rules? (Choose two.)
A. The rules validate and apply to new accounts only
B. You need to run the Cross-Validation Rules process to list and optionally disable combinations that violate rules
C. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules
D. There is no need to create cross-validation rules if Dynamic Combination Creation Allowed is not enabled for your chart of accounts instance
E. The rules will validate and apply to new and existing accounts
You want to prevent intercompany transactions from being entered during the last day of the close.
Assuming Intercompany and General Ledger use the same calendar what should you do?
A. Close the General Ledger period in the Manage Accounting Periods page
B. Close Intercompany periods in Oracle Intercompany
C. Close all intercompany subledger periods
D. Freeze the Intercompany journal source in General Ledger
You want to define an allocation rule where segment values are constants for rules and formulas.
What should you do?
A. Use the Point of View (POV) tab of the Allocation Wizard
B. Only specify segment values in formulas
C. Never use the Outer Point of View (POV)
D. Specify Run Time Prompts (RTP)
The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry?
A. Journal Balances Rule
B. Journal Entry Rule Set
C. Journal Line Rule
D. Journal Accounting Rule
E. Account Rule
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timely manner?
A. Financial Reports with Embedded charts
B. Smart View
C. Account Monitor
D. Account Inspector and its charts
You entered a journal and the client is asking for the following information: The current account balance The future account balance if the journal is approved and posted
How will you get this information?
A. Run a Trial Balance before and after posting
B. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
C. View the Projected Balances region in the Create Journals page
D. Query the account balance online
You are creating values for the chart of account value set that you are planning to use for the account segment within your Chart of Accounts.
You are not able to assign an Account Type. What is the reason for this?
A. You have not set the Allow Budgeting attribute for the value set
B. The Account Type qualifier has not been enabled when defining the value set
C. You are creating values before assigning the value set to the structure
D. You have not set the Allow Posting attribute for the value set
