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Download Oracle Financials Cloud: General Ledger 2022 Implementation Professional Exam Dumps
NEW QUESTION 28
Which two statements are TRUE regarding the Balances Cubes in General Ledger? (Choose two.)
- A. They are updated automatically when the Revaluation process is run
- B. They are updated automatically when the Translation process is run
- C. They are updated automatically when the General Ledger period is opened
- D. New dimensions can be added to a General Ledger Balances Cube
- E. A new Balances Cube is created for a unique combination of Ledger and Currency
Answer: A,D
NEW QUESTION 29
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? (Choose three.)
- A. Clearing companies are not supported
- B. If you do not map legal entities to balancing segment values, then a clearing company can be applied to any journal within the ledger
- C. 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
- D. If you map legal entities to balancing segment values, then a clearing company can only be applied within a legal entity
- E. You must map legal entities to balancing segment values in order to use a clearing company
Answer: B,C,D
NEW QUESTION 30
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Anticipate growth and maintenance needs as organizational changes occur
- B. Try to use all 30 segments and 25 characters per segment because you cannot change it later
- C. Consider implementing a single, global chart of accounts
- D. Limit the number of segments to those you need today to reduce data entry
- E. Effectively manage an organization's financial business
Answer: A,C,E
NEW QUESTION 31
You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What Calendar format should you choose?
- A. Year
- B. Period
- C. Calendar
- D. Fiscal
Answer: B
NEW QUESTION 32
The general accountant is trying to update the cost center for the Default Suspense Account in the Ledger Options to match the cost center for the Rounding Account.
The rounding account is showing as 01-110-7699-00; however, 110 is not appearing in the List of Values for the accountant to select in the Suspense Account.
What is the reason for this?
- A. A cross validation rule is in place to prevent the resulting combination from being created
- B. The general accountant has a segment value security rule assigned which restricts access to that cost center
- C. There is a primary balancing segment attached to the legal entity of the primary ledger
- D. The general accountant does not have the Financials Application administrator role assigned and, therefore, has view-only privileges on this page
Answer: A
NEW QUESTION 33
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