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Oracle Financials Cloud: General Ledger 2022 Implementation Professional Sample Questions (Q46-Q51):
NEW QUESTION # 46
Most of the accounting entries for transactions form 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. Journal Entry Rule Set
- B. Event Type
- C. Journal Line Rule
- D. Journal Entry
- E. Event Class
Answer: C
NEW QUESTION # 47
You want to define an allocation rule where segment values are constants for rules and formulas. What should you do?
- A. Only specify segment values in formulas
- B. Never use the Outer Point of View (POV)
- C. Specify Run Time Prompts (RTP)
- D. Always use the Outer Point of View (POV)
Answer: D
Explanation:
A Point of View is used to define dimension values that remain fixed throughout the entire allocation rule. For example, assume a chart of accounts includes a segment for future use. The Point of View fixes the value to be the default value so that the dimension value does not have to be selected while defining the source, basis, target, offset, or allocation range
NEW QUESTION # 48
You are implementing Segment Value Security rules. Which two statements are true? (Choose two.)
- A. You can use hierarchies to define rules
- B. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts
- C. The Segment Value Security rules do not take effect until you assign the rules to users and products
- D. 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
Answer: A,D
NEW QUESTION # 49
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).
- A. Smart View
- B. Oracle Financial Statement Generator
- C. Financial Reporting Center
- D. Financial Reporting Studio
Answer: C,D
Explanation:
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Reference:
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NEW QUESTION # 50
Which feature outside of reporting and analysis leverages the Essbase cube?
- A. period closing and opening of ledgers to keep General Ledger Cloud and the Essbase cubes in sync
- B. journal entries and journal approval to create journals that update balances to the cube directly
- C. revaluations and translation to revalue and translate currencies stored in the Essbase cube
- D. calculation manager to perform allocations based on multidimensional balances and budgets
Answer: C
NEW QUESTION # 51
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