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| Section | Objectives |
|---|---|
| Topic 1: Advanced Financials Features | - Allocations and automation
|
| Topic 2: Journal Processing | - Journal approvals and posting
|
| Topic 3: Accounting and Close Processes | - Period close activities
|
| Topic 4: General Ledger Configuration | - Enterprise structure setup for Financials
|
| Topic 5: Security and Integration | - Integration with subledgers
|
The Vision Corporation Chart of Accounts is used by four ledgers, two of which share the same calendar and the other two have their own distinct calendars.
How many balances cubes are automatically created?
Correct Answer: D 🗳️
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An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
Correct Answer: C 🗳️
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You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
Journals created from which mode are eligible for auditing?
Correct Answer: A 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
Correct Answer: A,C 🗳️
Explanation: Only visible for Prep4away members. You can sign-up / login (it's free).
When working with Essbase, versions of the tree hierarchy as defined in the Fusion are not available in the Essbase balances cube. What should you do to correct this situation?
Correct Answer: C 🗳️
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