Part10:Last Year Oracle Fusion General Ledger Certification Question Answers

QUESTION 41
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?

 
 

Option's:
A.    Budget Group
B.    Application Development framework Desktop Integral ion (ADFdi)
C.    Account Group
D.    Budget Controller
E.    Budget Account Group 

 

Answer: C

QUESTION 42
Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting tor these products?

 

Option's:
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

 

QUESTION 43
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?

 

Option's:
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.
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

 

QUESTION 44
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?

 

Option's:
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