Question 1

You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted. What is the most efficient way to achieve this?

Options :

A : by using the Manage General Ledger Security page.

B : by creating Cross-Validation Rules desktop-integrated spreadsheet.

C : by using Cross-Validation Rules Import file-based data import (FBDI).

D : by using the Manage Cross-Validation Rules page.

Answer: C

Question 2

What are two uses of the Column Flattening and Row Flattening features?

Options :

A : Verify correctness of trees.

B : View information for runtime performance.

C : Create additional versions of a tree.

D : Set the status of a tree to active.

E : Optimize parent/child relationships.

Answer: B,E

Question 3

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?

Options :

A : Reporting currency with the local accounting convention

B : Reporting currency with the IFRS accounting convention

C : Secondary ledger with the IFRS accounting convention

D : Primary ledger with the IFRS accounting convention

E : Primary ledger with the local accounting convention

Answer: C,E

Question 4

During implementation, a consultant accidentally designated the cost center segment as the natural account.Values have already been assigned and journals have been posted.Select the process that allows you to change the qualifier back to cost center qualifier.

Options :

A : Create a new chart of accounts.

B : Delete the segment and create a new segment with the correct qualifier.

C : Change and save the segment qualifier.

D : Delete the chart of accounts and create a new one.

Answer: D

Question 5

A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscalreports under local GAAP, is about to configure their General Ledger.Given the following:Subledgers transferring to general ledger must use the local currency.There is a requirement to report to the parent company (not local currency) using International FinancialReporting Standards (IFRS).Which two ledger types should be configured to address this reporting requirement? (Choose two.)

Options :

A : a primary ledger with the local accounting convention

B : a reporting currency with the IFRS accounting convention

C : a primary ledger with the IFRS accounting convention

D : a secondary ledger with the IFRS accounting convention

E : a reporting currency with the local accounting convention

Answer: A,D

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