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1. Users with the General Accountant job role have reported that they are unable to access the UK Ledger. They require read/write access to the full ledger. The accounting configuration completed successfully.
What should you do to allow access to the ledger?
A) Create a data access set that allows access to the UK Ledger.
B) Assign the General Accounting Manager role to those users.
C) Assign the security context value of UK Ledger to the user/role combination.
D) Assign the UK reference set to the user/role combination.
2. When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
A) when the journal is balanced by second balancing segment value
B) when there is a many-to-many journal and you want to use a clearing company
C) when the journal is not balanced by the primary balancing segment value (BSV)
D) when the journal is balanced by the primary BSV but not by second or third BSV
3. You are implementing amultipillarimplementation of bothHCM CloudandERP Cloud. You are implementingERP first, followed byHCM Cloud. You want to ensure yourledgers and chart of accountsare correctly defined.
What should you do? (Choose three.)
A) Use the Rapid Implementation spreadsheet when creating your enterprise structure.
B) Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets.
C) Deploy your chart of accounts.
D) Use HCM's Enterprise Structure Configurator (ESC) first.
E) Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies.
4. InFinancial Cloud, which three reporting tools can be used to accessGeneral Ledger balances?
A) Oracle Enterprise Repository
B) Oracle Transactions Business Intelligence
C) Smart View
D) Application Composer
E) Financial Reporting Studio
5. You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?
A) Adjustment only
B) Sub-ledger level.
C) Balance level
D) Journal ledger
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: A,B,D | Question # 4 Answer: B,C,E | Question # 5 Answer: C |
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