Part8:Last Year Oracle Fusion General Ledger Certification Question Answers

QUESTION 29
You are implementing Segment Value Security rules. Which two statements are true?

 

Option's:
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.html

 

QUESTION 30
You want to define a tree or hierarchy for use in reports and allocations. What three aspects should you remember when creating the tree?
 

Option's:

A.    You need to flatten the rows to be able to use drill down in Smart View and you must publish tree 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

QUESTION 31
Which three objectives must be considered when designing the chart of accounts?

 

Option's:
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.
E.    Try to use all 30 segments and 25 characters per segment because you cannot change It later.

 

Answer: A,B,C

 

QUESTION 32
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?

 

Option's:
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