IT Certification Guaranteed, The Easy Way!

Exam : 1z0-960

Title : Oracle Financials Cloud:

General Ledger 2017
Implementation Essentials

Vendor : Oracle

Version : V12.75

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NO.1 You need to integrate Fusion Accounting Hub with external source systems used for Billing.
Identity the step that is not correct when implementing this integration.
A. Analyze external system transactions.
B. Capture accounting events.
C. Determine the accounting impact of transactions.
D. Create the accounting in the source system and then import the journal entries into subledger
accounting.
Answer: D

NO.2 You need to build a complex account rule. Which four value types can you use in your
definition?
A. Value Set
B. Constant
C. Existing Account Rule
D. Account Combination
E. Mapping Set
F. Source
Answer: A,B,C,F

NO.3 Your customer wants to secure their primary balancing segment values to prevent employees
of one company from entering or viewing data of another company. You only need this for General
Ledger balances and reporting.
What two security features should you use?
A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security
D. Balancing Segment Value Assignment to Legal Entities
Answer: A,C
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

NO.4 How do you hide accounts with no balances showing #Missing in Smart view?
A. Select the Data/Missing check box in the Data Options tab.
B. Use Excel functions to hide rows with #Missing assigned
C. Choose the Suppress Zeros option under Data options.
D. This indicates a database connection issue. Try to reconnect to Fusion Applications.
Answer: A
Reference:
http://www.miamidade.gov/budget/library/bat/smartview-training-manual.pdf

NO.5 You entered a journal and the client is asking for the following information:
* The current account balance
* What the future account balance will be if the Journal is approved and posted
How will you get this information?

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A. View the Projected Balance region in the Create Journals page.

B. Run a Trial Balance before and after posting.
C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances
D. Query the account balance online.
Answer: C

NO.6 Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?
A. Manage Users
B. Hire a New Ernployee
C. Oracle Identity Management (OIM)
D. Policy Manager (APM)
E. Financials not a stand-alone product
Answer: C

NO.7 Which two are prerequisites for creating subledger accounting entries?
A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set
assignments for the Accounting Method
B. Populating supporting reference information in reference objects
C. Selecting source values from transaction objects
D. Creating subledger accounting events
E. Completing preaccounting validation
Answer: B,E

NO.8 You are reconciling your subledger balances and you need a report that includes beginning and
ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on
transactions and balances
B. Account Analysis Reports
C. Journals Reports
D. Aging Reports
Answer: C

NO.9 Your enterprise structure has one ledger and two business units. Business unit one wants to
enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business
unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business
Functions.
Which two statements are correct?
A. While defining control for business unit two, enable control at Requisitioning and define the
exceptions to only include invoicing.
B. Define control for business unit two to disable control for Requisitioning, Purchasing, and
Receiving.

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C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business unit.
D. While defining control for business unit one, disable control lor Purchasing, Payable Invoicing, and
Receiving.
E. While defining control for business unit one, enable control at purchasing and define the
exceptions to only include requisitioning.
F. Define budgetary control at ledger level and only encumbrance controls at the business units.
Answer: A,F

NO.10 What process must be followed to propagate a chart of accounts hierarchy to the Essbase
cube?
A. Define the hierarchy, then deploy the chart of accounts. The chart of accounts hierarchies will be
generated automatically.
B. Define the hierarchy, make sure the tree version is active, and then run the publish account
Hierarchies program or the Publish Chart of Accounts Dimension Members and Hierarchies
C. Define the hierarchy and make sure the tree is active. The hierarchy will be system generated for
D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected for the
hierarchy.
Answer: A

NO.11 After loading your budget data into Fusion General Ledger, you can view budget balances
using these feature.
Which feature does not belong on the list?
A. Application Development Framework Desktop Integration(ADFdi)
B. Account Inspector
C. Account Monitor
D. Smart View
Answer: B

NO.12 All of your subsidiaries can share the same ledger with their parent company and all reside on
the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?
A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to
theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent
ledger.
C. Use General Ledger's Financial Reporting functionality to produce consolidated reports
bybalancing segment where each report represents a different subsidiary. Any eliminating entries can
be entered in yet another separate balancing segment.
D. Create separate ledgers for each subsidiary that shares the same chart of accounts,
calendar,currency, and accounting method. Create a separate elimination ledger to enter
intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set.
Answer: A
Reference:
http://www.oracle.com/us/solutions/business-intelligence/consolidation-solution-1876985.pdf

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NO.13 What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
A. General ledger balances are multidimensional, allowing you to perform robust reporting and
analysis.
B. You can access real-time results for reporting and analysis because every time a transaction is
posted in General Ledger, multidimensional balances are also updated simultaneously.
C. You no longer need to create and maintain hierarchies because the Essbase cubes are created
when you create your chart of accounts.
D. Posting performance is much faster.
E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts
mapping rules.
Answer: B,D

NO.14 You created your first Implementation Project and assigned the Application Implementation
Consultant role to your user. However, you are unable to access Oracle Identity
Management (OIM). This issue was caused because you did not assign the_____.
A. Line Manager role to your user
B. Application Implementation Manager role to your user
C. IT Security Manager role to your user
D. Superuser role to your user
Answer: C

NO.15 You want to enter budget data in Fusion General Ledger. Which method is not supported?
A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals
Answer: D
Reference:
http://docs.oracle.com/cd/E28271_01/fusionapps.1111/e20384/glossary.htm

NO.16 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. Financial Reporting Center
B. Oracle Transactional Business Intelligence (OTBI)
C. Intelligence Publisher (BI Publish.
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)
Answer: B

NO.17 Your customer is expanding its operations. You defined a new ledger and several business
units. However, you are unable to assign the newly generated data roles to existing
Accounts Payables and Accounts Receivables users in the shared service center.

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What should you do to correct the problem?

A. Open the Oracle Identity Management (OIM) and make sure the data roles were created.
B. Open the Manage Users page and make sure the employees at
C. Open Access Policy Manager (APM) and assign the roles manually
D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the data roles.
Answer: C

NO.18 Which three reporting tools are based on real-time data or balances?
A. Oracle Business Intelligence Applications (OBIA
B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)
Answer: B,D,E

NO.19 You already ran Translation, but a last-minute adjusting journal entry in your ledger currency
was entered after you consolidated your results.
What does Oracle consider best practice when this occurs?
A. Translate only the adjusting journal entry.
B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your result
D. Enter another adjusting journal entry in the currency to true up the balances.
Answer: A

NO.20 Your customer wants to control spending against an annual budget but report balances on a
monthly year-to-date basis. Encumbrance accounting is also in use.
What setup is required to achieve this requirement?
A. Create an annual budget with absolute control and so encumbrance accounting will work.
B. Create a summary budget annually with advisory control and control budget monthly with
absolute control.
C. Create a Summary budget annually with absolute* control and monthly control budget with
advisory or track control.
D. Create two detail control budgets: annually with absolute control and monthly with advisory or
track control.
E. Create two detail control budgets: annually with advisory/track control and monthly with absolute
control.
Answer: A

NO.21 How can your Accounting Manager expedite Journal processing during the time critical month
end close?
A. by using the Close Status monitor to drill down on the close status across ledgers
B. by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending
Approval from Others

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C. by running the Journals report using Business Intelligence Publisher

D. by creating an ad hoc query on journals using Oracle Transactional Business
Intelligence (OTBI)
Answer: C

NO.22 On which three occasions are Essbase balances updated?

A. Every time the tree version is published
B. Every time journals are posted to the general ledger
C. Every time you run the batch program called "Update Essbase Balances"
D. At report run-time
E. Every time you open a new period
Answer: A,B,D

NO.23 Identify three functions of Functional Setup Manager.

A. Provide a central place to access and perform all of the setup steps across Fusion application
product
B. Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.
C. Automatically mark the status of tasks as Completed after they have been completed.
D. Assign setup tasks to individuals with due dates where users must manually update their
completion status.
E. Centrally manage the close processes across subledgers and ledgers.
Answer: A,B,E

NO.24 Your customer is reconciling their Intercompany Receivables accounts.

Which two reports should they use In addition to using the intercompany Reconciliation report?
A. Receivables Aging by General Ledger Account report
B. General Ledger Trial Balance report
C. Receivables to General Ledger Reconciliation report
D. AR Aging report
Answer: BC

NO.25 When working with Essbase, versions of the tree hierarchy as defined in the Fusion not
available in the Essbase balances cube.
What should you do to correct this situation?
A. Make sure the tree version was published successfully.
B. Make sure to flatten the rows of the tree version.
C. Make sure the tree is active.
D. Redeploy the chart of accounts.
Answer: D

NO.26 You transact in 50 different currencies and you need to define a high volume of revaluation
definitions. Which two methods are Oracle recommended best practices for streamlining this
process?

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A. Define separate revaluation definitions for each class of accounts, currency, and different rate
types.
B. Use hierarchies and parent values in your revaluation definition.
C. Share revaluation definitions across ledgers that share the same chart of accounts.
D. Define one revaluation definition for all accounts (assuming all ledgers share the same chart of
accounts) and simply change the parameters at run time.
Answer: BC

NO.27 You are defining an income statement report. You want to allow viewers of the report to be
able to drill down from report balances to the underlying transactions. What do you need to enable?
A. Drill Through in Grid Properties
B. Report Functions
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Allow Expansion
Answer: D

NO.28 Your customer has enabled budgetary and encumbrance controls at the requisition level.
You have a purchase order for $1,000 USD, which is fully reserved and has one invoice for
$600 USD. When the purchase order is matched through the final match process, the purchase order
is closed for further invoicing.
What happens to the remaining $400 USD?
A. Invoice type will have less funds available by $400 USD.
B. Manual encumbrance journal needs to be entered In General Ledger to release the budget
amount of $400 USD.
C. Only obligation type will have $400 USD funds available.
D. $400 USD will be added back to available funds
E. $400USD will be expired and not available for use.
Answer: A

NO.29 While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently
created.
Which two options explain that?
A. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.
B. The Account Rule's chartof accounts have no account values assigned
C. The Account Rule's conditions are not defined.
D. The Account Rule is using sources assigned to different event classes from that of the associated
Journal Entry Rule Set.
Answer: B,D

NO.30 Your new accountants have been making mistakes in reconciling accounts assigned to them.
Yourbalances 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 timelymanner?
A. Smart View

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B. Financial Reports with Embedded charts

C. Account Monitor
D. Account Inspector and its charts
Answer: A

NO.31 You want to prevent intercompany transactions from being entered during the last day of the
close.
What should you do?
A. Close all subledger periods.
B. Close Intercompany periods in Fusion Intercompany.
C. Freeze the Intercompany Journal source in General Ledger.
D. Close the General Ledger period in the Manage Accounting Periods page.
Answer: B

NO.32 Your customer wants to prevent their department managers from viewing the results of
other departments where they have no management authority.
What should be implemented for this type of security?
A. Data Access Sets
B. Cross-Validation Rules
C. Segment Value Security
D. Role-Based Access
Answer: C

NO.33 You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?
A. ADB provides organizations with the ability to track average and end-of-day balances,
reportaverage balance sheets, and create custom reports using both actual and average balances.
B. Average balances are stored for both subledger balances and general ledger balances.
C. Average balances are stored in the Essbase cube.
D. Average balances are maintained for both actual and budget balances.
E. When using ADB, you must define a daily calendar and assign it to your ADB ledger.
Answer: A,D

NO.34 Who are the three primary Functional Setup Manager users?
A. End Users that perform transaction processing
B. Implementation Project Managers and Consultants
C. System Administrators
D. Application Developers
E. C-Level Executives
Answer: A,B,C
Explanation:
http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20365/F530303AN100AE.htm

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NO.35 Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can
Hyperion Data Management be used?
A. chart of accounts hierarchy maintenance
B. integration with transactions from external feeder systems
C. chart of accounts master data maintenance
D. data access and security
E. cross-validation rules
Answer: A,C
Explanation:
http://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20374/F484243AN100CE.htm

NO.36 Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They
use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How
many segments and what segment qualifiers should be used?
A. Define three segments for the company, department, and natural account. The qualifiers shouldbe
primary balancing segment, cost center segment, and natural account segment, respectively
B. Define four segments for the company, department, natur.il account, and intercompany segment.
The qualifiers should be primary balancing segment, cost center segment, natural account segment,
and intercompany segment, respectively.
C. Define five segments for the company, department, natural account, intercompany, and future
use segment. The qualifiers should be primary balancing segment, cost center segment, natural
account segment, intercompany segment, and no qualifier, respectively.
D. Define three segments tor the company, department, and natural account. The qualifiers for the
first segment should be primary balancing segment and intercompany segment, cost center segment,
and natural account segment, respectively.
Answer: C

NO.37 Your Financial Analyst needs to interactively analyze General Ledger balances with the ability
down to originating transactions.
Which three features facilitate this?
A. Account Inspector
B. Smart View
C. Account Monitor
D. Online Transactional Business Intelligence
E. Financial Reports published to Excel
Answer: BCD

NO.38 Which three objectives must be considered when designing the chart of accounts?
A. Effectively manage an organization's financial business.
B. Consider implementing a single, global chart of accounts
C. Anticipate growth and maintenance needs as organizational changes occur.
D. Limit the number of segments to those you need today to reduce data entry.

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E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.
Answer: A,B,C

NO.39 Before implementing Fusion Financials, your customer used to manually reconcile their
intercompany payables and receivables accounts.
What is a more automated approach to do this?
A. Run the BI Publisher reports called Intercompany Transaction Summary and Account
Details to automatically reconcile intercompany balances.
B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the
intercompany payables and receivables balances.
C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and
payables accounts that are out of balance.
D. In Fusion Financials, you must manually reconcile your intercompany account balances.
E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.
Answer: B

NO.40 You are required to change today's daily rates for converting GBP to USD. What are three
ways in which you can update existing daily rates?
A. Use the spreadsheet loader from the Currency Rates Manager.
B. Import daily rates through the Daily Rates open interface table.
C. Update rates manually using the Currency Rates Manager, which can be accessed only from the
Functional Setup Manager
D. Update rates manually using the Currency Rates Manager, which can be accessed from the
Functional Setup Manager or the General Ledger's Period Close work area.
E. Edit existing transactions and update the rates manually.
Answer: B,C,D

NO.41 You need to define a chart of accounts that includes an intercompany segment. Your
customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?
A. Share the same value set for the company and intercompany segments to reduce chart of
accounts maintenance.
B. Use two different value sets for the company and intercompany segment because segment value
security rules are at the value set level.
C. Define the company segment only and qualify it as both the primary balancing segment
andintercompany segment.
D. Define two different charts of accounts.
Answer: C

NO.42 You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?
A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view
the status of each period.
B. Use the Manage Accounting Periods page to view the status of all subledgers and ledgers.

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C. Use Close Monitor in General Accounting Dashboard.

D. Run Closing Status reports.
Answer: D

NO.43 You want to display OTBI reports and graphs in PowerPoint to show general ledger or
subledger data.
How do you accomplish this?
A. Download OTBI reports and charts to a spreadsheet and then copy and paste the spreadsheet to
PowerPoint
B. Use SmartView to create reports and charts using general ledger and subledger subject areas
embed the charts/reports into PowerPoint
C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word, and Excel.
D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.
Answer: C
Reference:
http://www.oracle.com/webfolder/technetwork/tutorials/obe/fmw/bi/biee/r1013/smartview/sm
art_view.htm

NO.44 Your customer wants to use a clearing company to automatically balance Intercompany
entries. Which three statements are true regarding the use of a clearing company value?
A. Clearing companies are not supported.
B. If you map legal entities to balancing segment values, then a clearing company can only be applied
within a legal entity.
C. You must map legal entities to balancing segment values in order to use a clearing company.
D. If you do not map legal entities to balancing segment values, then a clearing company can be
applied to any journal within the ledger.
E. If you choose to use a clearing company, you can define a default clearing company value or select
the clearing company value directly in the general ledger journal.
Answer: A,C,E

NO.45 You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
A. Chart of accounts was not deployed.
B. Accounting Configuration was not submitted-
C. An Audit process needs to be successfully performed before a tree version can be set to Active.
D. Two tree versions were not defined
Answer: D

NO.46 Which two statements are true regarding the export/import of reports?
A. A set of reports are provided for both exported and imported setup data to validate the
export/import processes and setup data.
B. Reports on setup data can be used to compare and analyze how the data might have changed over
time.
C. To view errors encountered during the export or import Process, you must use SQL queries to

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obtain that data because no reports exist.

D. A set of reports lists user names, suppliers, and customers that have been exported/imported
E. The export/import reports are available only for Fusion Customer Relationship
Management.
Answer: C,E

NO.47 Which statement is true when creating an Implementation Project for Financials Cloud?
A. The Implementation Project is preconfigured and cannot be deleted or changed.
B. Plan your implementation project carefully because you cannot delete it or make changes later.
C. You must select the Offering "Financials," and each individual product or option to perform the
setup for each product in Financials Cloud.
D. Selecting the Offering "Financials," automatically allows you to perform the setup for all
Financials Cloud products.
E. You only need to make the project name unique, then you can perform the setup for any product
family, such as Financials, Procurement, Human Capital Management and Supply
Cham Management.
Answer: C

NO.48 You are implementing Financials Cloud and are using spreadsheets to load Legal Entities,
Business Units, and Account Hierarchies.
Which three setup objects can be loaded via a spreadsheet from Functional Setup
Manager?
A. complete Accounting Configuration
B. Suppliers and Customers
C. Banks, Bank Accounts, and Branches
D. chart of account values, accounting calendar, and ledger
E. setup data for Receivables and Payables product.
Answer: B,C,D
Explanation:
https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004386.htm#FACSF1
236038

NO.49 Which two statements are true regarding how Intercompany Balancing Rule, are defied?
A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in
order to define balancing rules
B. You can only define balancing rules for different journals' sources. You cannot define balancing
rules for different journal categories.
C. You can define different balancing rules for different combinations of journal sources, journal
categories, and transaction types
D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary
balancing segment value.
Answer: A,D

NO.50 Your customer is implementing budgetary control with encumbrance accounting.

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Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country
with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget?
A. Control budgets are always absolute to generate encumbrance accounting.
B. A control budget can allow override rules only if the control level is absolute.
C. The control budget structure has all the chart of account segments as budget segments.
D. A control budget is associated to a ledger and creates three control budgets for Australia, New
Zealand, and Singapore.
E. A control budget can be associated with a different calendar than accounting calendar.
Answer: B,E

NO.51 You lust submitted the Accounting Configuration. Which two statements are correct?
A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting
Configuration.
B. A Data Access Set with full read/write access to the ledger is automatically created.
C. Open the ledger's period to begin entering transactions.
D. Verify the data roles created and assign them to the General Ledger users.
Answer: C

NO.52 You want to specify Intercompany System Options.

Which three factors should you consider?
A. Whether to enforce an enterprise-wide currency or allow in intercompany transactions in local
currencies
B. Whether to allow receivers to reject intercompany transactions
C. Automatic or manual batch numbering and the minimum transaction amount
D. Automatic or manual batch numbering and the maximum transaction amount
E. The approvers who will approve intercompany transactions
Answer: A,B,D

NO.53 Your customer operates three shared services that perform accounting functions across 50
countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?
A. Reference Data Sets
B. Business Units functions
C. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit
.
D. Data Access Sets
Answer: B

NO.54 Invoices received from a source system need to use a specific account based on 30 different
expense types. However, if the invoice is from a specific supplier type, it needs to go to a default
account regardless of the account type.
What is the solution?
A. Create two journal line rules with a condition of supplier type.

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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 the 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.
Answer: C

NO.55 You want to automatically post journal batches imported from subledger source to prevent
accidental edits of deletions of the subledger sources journals, which could cause an out - of-balance
situation between your sub ledgers and general ledger.
Which two aspects should you consider when defining your AutoPost Criteria?
A. Use the All option for category and accounting period to reduce maintenance and ensure that all
imported journals are included in the posting process.
B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets by subledger
source only if you need to schedule different posting times.
C. Create your AutoPost criteria using minimal source and categories.
D. Schedule your AutoPost Criteria set to run during off-peak hours only
Answer: BC

NO.56 Your customer wants to have balance sheets and income statements for their cost center and
program segments. That is, they want to have three balancing segments.
Which two recommendations would you give your customer?
A. When entering journals manually, the customer will need to make sure that the debits and credits
are equal across all balancing segments because the system will not automatically balance the
journal.
B. Every journal where debits do not equal credits across the three balancing segments will result in
the System generating extra journal lines to balance the entry.
C. Additional intercompany rules will need to be defined for the two additional balancing segments.
D. Ledger balancing rules will need to be defined to instruct the system on how to generate
balancing entries for the second and third balancing segments.
Answer: A,D

NO.57 You are creating financial statements and want to have charts, such as a bar graph,
automatically inserted to improve the understanding of the financial results.
What's the most efficient way to achieve this?
A. When viewing the report, download to Excel and use Excel's Charting features to create your bar
graph.
B. When designing your financial statement using Financial Report (FR), embed a chart into your
report
C. Use Account Inspector that automatically creates graphs on financial balances.
D. Use Smart View, which is and Excel Add-on
Answer: C
Reference:

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https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm

NO.58 Your foreign currency transactions need to be revalued every month. For balance sheet
accounts, you reverse the revaluation journals in the next period. You are using the period- to-date
(PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?
A. Reverse them in the same period as the revaluation run.
B. Both balance sheet and income statement revaluation journals should be reversed in the period.
C. Never, because each period's revaluation adjustment is just for that period.
D. The reversals must be done at the end of each quarter.
Answer: B

NO.59 Which repot show you differences between your subledger balances and General Ledger
balances?
A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial Balance reports
B. Payables and Receivables Aging Reports with the General Ledger Trial Balance report
C. Payables to Ledger Reconciliation Report and the Receivables to Ledger Reconciliation Report
D. General Ledger Financial Statements and the Accounts Payable and Accounts Receivables Invoice
Registers
Answer: C

NO.60 Your company wants to change the Cumulative Translation Adjustment (CTA) account to
record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A. Purge all translated balances, change the CTA account in the Ledger page, and rerun
Translation for all periods required.
B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods
required. The system will automatically update the translated balances.
C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger
page, and rerun Translation for all periods required.
D. Define a new ledger and accounting configuration. The CTA account cannot be updated after the
ledger has been in use.
Answer: B
Reference:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

NO.61 You want to process multiple allocations at the same time.

What feature do you use?
A. RuleSets
B. Point of View (POV)
C. Formulas
D. General Ledger Journal entries
Answer: C

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 IT Certification Guaranteed, The Easy Way!

NO.62 You need to distribute departmental expense reports to l00 department managers in your
organization. The report format is the same, but the department values differ.
What in the most efficient way to achieve this?
A. Set the Department segment as a User Point of View (POV) and submit a report batch and
schedule it: to run for every department. Send the different batch outputs as PDF attachments via
email to different users.
B. Create a single report for all departments. When department managers log in to
Financial Reporting Center, they will only be able to view their department's data based on
Segment Value Security Rules.
C. Set up Bursting Options for your batch to prepare multiple versions of a report from a single
process.
D. When defining the report, make the Department Segment a prompt and when users view the
report, they can change the prompt to their department.
Answer: D

NO.63 You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree
to view the hierarchy in Essbase cubes.
B. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
C. The tree should have at least two tree versions to reduce report and allocation maintenance.
D. You only need to flatten the columns if you plan to use the hierarchy in Oracle
Transactional Business Intelligence (OTBI).
E. It is fine to have the same child value roll up to two or more different parent values.
Answer: B,C,E

NO.64 You create a prepayment for USD l00 and validate it to consume the budget and reduce
available funds under the prepayment account. You then pay the prepayment of USD 100 create an
invoice for USD 300, and validate the* invoice to consume the budget and reduce available funds for
the expense-accounts used in the invoice. You then apply the prepayment fully on to the invoice and
revalidate it.
What happens to the available funds when you apply a prepayment that requires budgetary control?
A. The prepayment application was already released at the time of payment and the invoice
consumes funds of 300 USD.
B. The prepayment application releases funds of 200 USD ^nd the invoice consumes funds of lOO
USD, with a net decrease to available funds of 200 USD.
C. Available funds will not change till invoice is approved.
D. The prepayment application releases funds of lOO USD and the invoice consumes funds of 300
USD, with a net decrease to available funds of 200 USD.
E. The prepayment application releases funds of 300 USD and the invoice consumes funds of 300
USD, with a net decrease to available funds of 100 USD.
F. The budget will be released only foi the USD 30O invoice amount.
Answer: F

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 IT Certification Guaranteed, The Easy Way!

NO.65 Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.
A. The intercompany transaction is not approved.
B. The corresponding Payables and Receivables invoice have not been generated.
C. If they are different, then the exchange rate is missing between the intercompany and ledger
currency.
D. The intercompany period is closed.
E. Both the intercompany and general ledger periods are open.
Answer: A,B,C

NO.66 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. You must define rules for every combination of specific categories and sources. Otherwise,
theintercompany balancing will not work.
B. You can create a rule for all sources and categories by selecting the source "Other" and the
category "Other."
C. 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.
D. 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.
Answer: A,C

NO.67 What's the difference between subject areas that append the word "Real Time" and those
that do not?
A. There is no difference.
B. The "Real Time" subject areas are based on real-time transactions and all others are based on
Historical data.
C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all
others are based on data stored in the Oracle Business Intelligence Applications data warehouse.
D. The "Real time" subject areas are based on sub ledger transactions and all others are based on
general ledger balances.
Answer: B

NO.68 You are required to enter a high volume of users into the system. What does Oracle consider
best practice to do this?
A. Use SQL to populate the HR interface tables and load employees in bulk.
B. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and then import
users into Fusion Applications.
C. Use the "Hire an Employee" user interfaceto inter each user manually.
D. Use the spreadsheet available in Oracle Identity Manager (OIM) to import users.
E. Use the "Enter a Supplier" user interface to enter each user manually.

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 IT Certification Guaranteed, The Easy Way!

Answer: D

NO.69 Your customer has enabled encumbrance accounting. You have a control budget with the
advisory level set at control. For November 2015, your budget for a given combination is
$5,000 USD. You have an approved requisition of $900 USD and you have an approved purchase
order of $2,500 USD. An adjustment encumbrance journal is created in the
General Ledger for the obligation type for $1,600 USD. You then cancelled the approved
PO line of $400 USD. For November 201b, you created a new invoice by matching to the
PO for $2,100 USD.
Which two statements are true?
A. Purchase order encumbrance will be released for $2100 USD.
B. As there are cancellations for $400 USD, the system will partially reserve the funds in
November 2015 and fully reserve it in December 2015.
C. As you are matching to a purchase order, the system will allow the user to create an invoice with
the reservation status of Reserved.
D. Encumbrance entries are created only for nonmatched Invoices, so the system will not create any
encumbrance accounting entries.
E. The system always consumes budget of future periods if the limit for the current period is expired,
so December 2015 budget will be considered for reservation.
Answer: C,E

NO.70 Journal approval uses Approvals Management Extension (AMX).

Which AMX builder method is most effective in routing the journals to the Accounting
Manager when the General Ledger Accountant enters the journal?
A. Supervisory level based on HR Supervisors
B. Job level
C. Position
D. Approval Group
Answer: D

NO.71 While troubleshooting the encumbrance entries created for the requisition for your business
unit, you noticed that only a few events are triggering the encumbrance journals when you submit he
create accounting program.
What are the two events?
A. Funds check
B. Requisition approved
C. Requisition rejected by the buyer
D. Submit the requisition for approval
E. Checkout and Save the requisition
F. Create change request on the requisition after submitting requisition for approval
Answer: B,F

NO.72 Your customer requires physical invoices to be generated in Fusion Payables and Fusion
Receivables for the intercompany payables and receivables transactions.

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 IT Certification Guaranteed, The Easy Way!

What statement is correct with regard to setting this up?

A. You must assign the corresponding Receivables and Payables Business Units.
B. You only need to assign the Legal Entity and Organization Contact.
C. You must perform additional setup steps for Fusion Payables and Fusion Receivables.
D. You can only associate one Intercompany Organization per Legal Entity.
Answer: A
Reference:
http://docs.oracle.com/cd/E27605_01/fscm91pbr2/eng/psbooks/sbil/chapter.htm?File=sbil/h
tm/sbil25.htm

NO.73 You are implementing Segment Value Security rules. Which two statements are true?
A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users and
products.
C. When you enable Segment Value Security on a segment, users will not be able to access any values
until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of
accounts.
Answer: A,C
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm

NO.74 You want to define an allocation rule where segment values are constants for rules and
formulas. What should you do?
A. Specify Run Time Prompts (RTP).
B. Always use the Outer Point of View (POV).
C. Never use the Outer Point of View (POV).
D. Only specify segment values in formulas.
Answer: D

NO.75 Your customer is using budgetary control and encumbrance.

You have an open purchase order for $500 USD, which you decide to match to an invoice for $300
USD.
What will be the fund status of the purchase order and invoice?
A. The purchase order is Partially Liquidated and the invoice is Partially Reserved.
B. The purchase order is Partially Liquidated and the invoice will be reserved.
C. Both are reserved.
D. The purchase order is liquidated and the invoice is Partially Reserved.
E. Both are Partially Reserved.
F. The purchase order is Open and the invoice is validated.
Answer: C

NO.76 Your user forgot the password. How do you resolve this?
A. Use the Manage Users page to update the user's information and change the password.

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 IT Certification Guaranteed, The Easy Way!

B. Use Oracle Identity Management (OIM) to reset the user's password.

C. Log in to the user's machine as an Administrator and change the password from the login pa
D. Use Access Policy Manager (APM) to reset the user's password.
E. Create a new user ID and password for the user.
Answer: B
Reference:
http://docs.oracle.com/cd/E21764_01/doc.1111/e15477/pwd.htm#IMINT236

NO.77 What type of user must be defined before you can create an Implementation Project?
A. None. The Fusion Applications Superuser, FAADMIN, has full access to create an
Implementation Project.
B. A full-time employee that has the FSM Superuser role assigned
C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person
provisioning the system, has full access.
D. Implementation Users
E. All roles that will be used throughout the implementation
Answer: E

NO.78 What 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. Import the periods from a spreadsheet
D. The application automatically populates the next year when you open the first period a new fiscal
year.
Answer: D
Reference:
https://docs.oracle.com/cd/E13228_01/fscm9pbr0/eng/psbooks/fspf/chapter.htm?File=fspf/
htm/fspf13.htm

NO.79 Alter submitting the journal for approval, you realize that the department value in the journal
incorrect. How do you correct the value?
A. Delete the journal and create a new journal.
B. Update the journal through workflow
C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
D. Reverse the journaland create a new one.
Answer: B

NO.80 What Is Oracle Essbase?

A. A robust reporting and analysis tool
B. A relational database
C. A data ware house
D. A multidimensional Online Analytical Processing (OLAP) server that is embedded in
Fusion GeneralLedger

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 IT Certification Guaranteed, The Easy Way!

Answer: B
Reference:
http://docs.oracle.com/cd/E12825_01/epm.111/esb_dbag/frameset.htm?hybrid.htm

NO.81 You need to create a month-end re-porting package for an upcoming Audit Committee
meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?
A. Using Workspace, assemble multiple reports into a book.
B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on
accounting information at that specific point in time.
C. Users can drill down on snapshot reports for future analysis.
D. The report contained in the book can be printed or viewed individually or as an entire book
thatincludes a table of contents.
E. Snapshot reports can only be viewed online.
Answer: A,B,D

NO.82 Which two delivered roles can access the full functionality of Functional Setup Manager,
A. Application Implementation Manager
B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any functional user
E. IT Security Manager
Answer: A,C

NO.83 Your customer is closing their period and they are using Fusion Intercompany to create
physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion
General Ledger?
A. Close Fusion Payables and Receivables periods, close the related intercompany period, and then
close the Fusion General Ledger's period.
B. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the
related intercompany period
C. Close the related intercompany period, close Fusion Payables and Receivables periods, and then
Fusion General Ledger.
D. You only need to close Fusion Payables and Receivables periods followed by the
Fusion GeneralLedger's period.
Answer: C
Reference:
http://www.oracle.com/technetwork/middleware/bi-foundation/fcm-11122-fusion-r6-integration-
1900499.pdf

NO.84 What are the tables or views from which the Create Accounting program takes source data
that is used in rules to create journal entries?
A. Transaction Objects

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 IT Certification Guaranteed, The Easy Way!

B. Event Entities
C. Mapping Sets
D. Accounting attributes
E. Event Classes
Answer: A
Reference:
https://docs.oracle.com/cd/E18727_01/doc.121/e13420/T193592sdextchap.htm

NO.85 In which two ways can your users customize the Dashboards and Work Areas to suit their
individual working styles?
A. They can format each table by hiding and showing columns, moving columns, and resizing
columns.
B. They can use Personalization to move and remove regions from those pages.
C. Users have very little control customizing their Dashboards and Work Areas; they can only resize
columns.
D. They can have the System Administration customize pages for them using Page Composer.
Answer: AB

NO.86 Your customer has many eliminating entries to eliminate intercompany balances.
The General Ledge does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not
using Oracle Hyperion Financial Close Management?
A. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and
import the spreadsheet with the eliminating entries every period.
B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate
entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle Hyperion Financial
Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy of the
Journal batch every period.
Answer: C

NO.87 Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting tor these products?
A. Each product has its own Intercompany Accounting feature that needs to be set up separately.
B. Intercompany Balancing Rules are defined centrally and applied across Financials,
Portfolio Project
Management and Supply Chain Management products.
C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross- ledger
intercompany transactions and single ledger intercompany journals.
D. They need to license a separate stand-alone Intercompany product that acts as the
Intercompany Accounting Hub.
Answer: A,D

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 IT Certification Guaranteed, The Easy Way!

NO.88 Most of the accounting entries for transactions from your source system use
TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events,
you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
A. Event Type
B. Journal Line Rule
C. Event Class
D. Journal Entry Rule Set
E. Journal Entry
Answer: D

NO.89 You operate in a country whose unstable currency makes it unsuitable for managing your
day-to-day business. As a consequence, you need to manage your business in a more stable currency
while retaining the ability to report in the unstable local currency.
What would be your recommendation when defining ledgers?
A. Define Balance-Level Reporting Currencies in the more stable currency and run
Translation as often as you need.
B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable
currency.
C. Run Revaluation as often as you need to the more stable currency and report on the more stable
currency'sbalances.
D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more
stable currency.
Answer: B
Reference:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484499AN16AFA.htm

NO.90 Which two types of journals can be automatically routed through the journal approval
process?
A. Allocation journals
B. Revaluation journals
C. Manual journals
D. Sub ledger journals
E. Journals imported from third-party systems
Answer: C,E

NO.91 Your customer has a large number of legal entities. The legal entity values are defined in the
company segment and the primary balancing segment. They want to easily create eliminating entries
for the intercompany activity.
What should you recommend?
A. Define an intercompany segment in the chart of accounts. The Intercompany module and the
intercompany balancing feature in general ledger and sub ledger accounting will automatically
populate the intercompany segment with the balancing segment value of the legal entity with which
you are trading.

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 IT Certification Guaranteed, The Easy Way!

B. There is no need to define an intercompany segment. You can track the Intercompany trading
partner using distinct intercompany receivable/payable natural accounts to identify the trading
partner.
C. Define an intercompany segment and qualify it as the second balancing segment to make sure all
entries are balanced for the primary balancing segment and intercompany segment.
D. There is no need to define an intercompany segment, the Intercompany module keeps track of
the trading partners for you based on the Intercompany rules you define.
Answer: B

NO.92 You entered users who are both employees and contingent workers. You want an automated
way to assign, reassign, and remove roles from users. What feature do you use?
A. Oracle Identity Manager Roles Assignment
B. Access Policy Manager's Role Generation
C. Role Mappings
D. Data Roles
E. You cannot reassign contingent workers.
Answer: C

NO.93 You are implementing Fusion Accounting Hub for your external Accounts Receivables system.
The external system sends invoices billed and cash receipts in a flat file, along with the customer
classification information. You want the accounting amounts to be tracked by customers too but you
do not want to add a Customer segment to your chart of accounts.
What is the solution?
A. Use the Open Account Balances Listing report that has balances by customer.
B. Use the Third Party Control Account feature.
C. Use Supporting References to capture customer classification information.
D. Capture customer information as the source and develop a custom report using Online
Transactional Business Intelligence (OTBI).
Answer: C

NO.94 Which two methods can your General Ledger accountants use to more easily view large
amounts of contained in the tables in their work areas?
A. Detach the table to resize it to the maximum size of the monitor
B. Export the table to Excel.
C. Run a Business Intelligence Publisher report with Excel as the output format.
D. Use the Freeze feature on the tables to scroll through large amounts of data.
Answer: A,B

NO.95 You've set up the standard accrual with encumbrance accounting for your ledger and you
realized that the encumbrance journals are defaulting with current date as the accounting date.
What is causing this?
A. The subledger accounting option Is set to system date.
B. The actual accounting date was set up under the encumbrance accounting Default Date
Rule.

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 IT Certification Guaranteed, The Easy Way!

C. The system date was set up under the encumbrance accounting Default Date Rule.
D. The current transaction accounting date was set up under the encumbrance accounting
Default Date Rule.
E. The prior related transaction accounting date was set up under the encumbrance accounting
Default Date Rule.
Answer: D

NO.96 Identify three differences between Oracle Transactional Business Intelligence (OTBI) and
Oracle Business Intelligence Applications (OBIA).
A. OBIA is based on the universal data warehouse design with different prebuilt adapters that
canconnect to various source application
B. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics
that help to measure business performance
C. OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP,
andFusion Applications.
D. OTBI allows you to create custom reports from real-time transactional data against thedatabase
directly
E. Cloud customers can use both OTBI and OBIA.
Answer: B,C,D

NO.97 You need to define multiple allocation rules as efficiently as possible.

Which three components can be reused across allocation rules?
A. Point of View (POV)
B. Run Time Prompts (RTP)
C. Formulas
D. RuleSets
Answer: B,C,D

NO.98 The budget managers specify the budget accounts they want to monitor and decide on
percentage threshold of funds availability.
Where must you define the details while analyzing budget balances in the Budget Account
Monitor page?
A. Budget Group
B. Application Development framework Desktop Integral ion (ADFdi)
C. Account Group
D. Budget Controller
E. Budget Account Group
Answer: C

NO.99 All of your subsidiaries reside on the same application instance, but some of them require a
different chart of accounts and/or accounting calendar and currency. There is no minority interest or
partial ownerships.
What is Oracle's recommend approach to performing consolidations?
A. Use Oracle Hyperion Financial Management for this type of complex consolidation.

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 IT Certification Guaranteed, The Easy Way!

B. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate
Chart of accounts, then transfer balances to the corporate consolidation ledger using the balance
transfer program.
C. Translate balances to the corporate currency for ledgers not in the corporate currency, use
General Ledger's Financial Reporting functionality to produce consolidated reports by balancing
segment where each report represents a different subsidiary.
D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,
currency and accounting method. Create a separate elimination ledger to enter intercompany
eliminations, then create a ledger set across all ledgers and report on the ledger set.
Answer: D

NO.100 The Accounting Manager requests that a schedule be created to automatically post journals
from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal Description
Answer: C

NO.101 Your customer wants to create fully balanced balance sheets for the Company, Line of
Business, and product segments for both financial and management reporting.
What is Oracle's suggested best practice for doing this?
A. Create a segment that acts as the primary balancing segment and create values that represent a
concatenation of all three business dimensions.
B. Use account hierarchies to create different hierarchies for different purposes and use those
hierarchies for reporting.
C. Create three segments and qualify them as the primary balancing segment, second, and third
balancing segments, respectively.
D. Create two segments where the first segment represents the concatenation of Company and Line
of Business, and then enable secondary tracking for the Product Segment.
Answer: C
Reference:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20374/F484498AN122F4.htm

NO.102 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. The data is not transferred.
B. Data is summarized across segments that are not mapped to Hyperion Financial Management

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 IT Certification Guaranteed, The Easy Way!

C. Errors occur for unmapped segments. You must map multiple segments from source general
ledgers to the target segment in Hyperion Financial Management.
D. The unmapped segments default to future use segments in Hyperion Financial Management
Answer: C

NO.103 You are reconciling your Payables the Receivables balances against the General Ledger.
You are using the Payables to Ledger Reconciliation report.
You notice discrepancies between thebalances in the subledgers, subledger accounting, and general
ledger.
Which three factors are responsible for these out-of-balance situations?
A. All sub ledger transactions have been entered but do not have complete accounting.
B. Subledger transactions have been accounted and transferred to General Ledger but have not been
posted.
C. There were manually entered journals against the Payables and Receivables accounts that were
posted in General Ledger.
D. Intercompany transactions have not been fully processed.
E. Period Close processes,such as Revaluation, Translation, and Consolidation have not
beenperformed yet
Answer: B,D,E

NO.104 Which two General Ledger work would you assign to all your entry-level General Ledger
accountants?
A. Journals Work Area
B. Period Close Work Area
C. Financial Reporting Center
D. General Accounting Dashboard
Answer: A,D

NO.105 You want to be notified of anomalies in certain account balances in real time. What is the
rnost efficient way to do this?
A. Perform an account analysis online.
B. Open a Smart View file saved on your desktop.
C. Create an Account Group using Account Monitor.
D. Use Account Inspector.
Answer: A

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