Question 1

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

Options :

A : Account Monitor

B : Financial Reports with Embedded charts

C : Smart View

D : Account Inspector and its charts

Answer: A

Question 2

What are the three differences between Oracle Transactional Business Intelligence (OTBI) and OracleBusiness Intelligence Applications (OBIA)? (Choose three.)

Options :

A : Cloud customers can use both OTBI and OBIA

B : OTBI allows you to create custom reports from real-time transactional data against the database directly

C : OBIA is based on the universal data warehouse design with different prebuilt adapters that can connect to various source applications.

D : Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics that help to measure business performance.

E : OBIA works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP, and Cloud Applications

Answer: A,B,C

Question 3

You set up a secondary ledger using the Manage Secondary Ledger task and selected a data conversion level of subledger. Which two actions should you now perform? (Choose two.)

Options :

A : Ensure that the Accounting Calendar and Currency are the same as the Primary Ledger

B : Define Journal Conversion Rules that include subledgers in order to transfer subledger transactions

C : Define Journal Conversion Rules that exclude subledgers

D : Assign a Subledger Accounting Method to the secondary ledger

E : Define Supporting References with balances

Answer: B,D

Question 4

You have enabled budgetary control and have a control budget set to Advisory control level. For September 2016, your budget for a given account combination is $5,000 USD. In the same month, there is an approved requisition for that account of $900 and an approved purchase order for that account of $2,500 USD. There is also a General Ledger adjustment journal entry for that account of $1,600 USD. An approved purchase order line of $400 USD is then cancelled. And an invoice is matched to the purchase order for $2,100 USD. Which two statements are true? (Choose two.)

Options :

A : No change

B : Purchase order encumbrance will be released for $2,100 USD

C : Funds reservation only happens for non-matched invoices, so the system will not reserve funds

D : As there are cancellations for $400 USD, the system will partially reserve the funds in September 2016 and fully reserve it in October 2016

E : The system always consumes budget of future periods if the limit for the current period is expired, so October 2016 budget will be considered for reservation

Answer: B,D

Question 5

Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was recorded for apurchase order.The invoice was entered on 5/5/19, but the invoice accounting date was 4/20/19. The encumbrance journal forliquidating the purchase order encumbrance is dated 5/5/19.What is causing this?

Options :

A : The actual accounting date was set up under the encumbrance accounting Default Date Rule

B : The current transaction accounting date was set up under the encumbrance accounting Default Date Rule

C : The subledger accounting option is set to system date

D : The system date was set up under the encumbrance accounting Default Date Rule

E : The prior related transaction accounting date was set up under the encumbrance accounting Default Date Rule

Answer: B

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