Question 1

You are using account hierarchies for reporting and allocations. Which two statements are true about these types of hierarchies? (Choose two.)

Options :

A : You can have only one version of a hierarchy published to the Essbase cube at any time.

B : Hierarchies for reporting and allocations do not have to be published to Essbase cubes.

C : Hierarchies for reporting and allocations have to be published to Essbase cubes.

D : Child values in these hierarchies can belong to only one parent.

Answer: A,C

Question 2

Which Two are key capabilities of Account Groups within the General Accounting Dashboard?

Options :

A : Monitor key accounts automatically in real time on an exception or permanent basis.

B : Create Reports, Books, Snapshot Reports, Snapshot Books, and Financial Reporting Batches.

C : Analyze change percentages based on defined rules and thresholds to assess whether balance variances are favorable or unfavorable.

D : Schedule reports to run automatically at selected intervals and to various destinations, such as printer or email.

Answer: A,C

Question 3

Your current Oracle Fusion Cloud implementation project includes the configuration of multiple ledgers per country and the setting up of accounting automation to drive journal processing efficiencies. In a particular country (which has a primary, secondary, and multiple reporting currency ledgers), there is a requirement to exclude the country's journal processing from accounting automation. If you enter a ledger set (including all ledgers for that country) on the Exclusion tab of Manage Accounting Automation, what is removed from accounting automation processing?

Options :

A : Just the primary ledger

B : The secondary and reporting currency ledgers only

C : The primary, secondary, and reporting currency ledgers

D : The primary and reporting ledgers only

Answer: C

Question 4

You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values. Which two are the reasons for this?

Options :

A : A value for the budget scenario has not been created.

B : Budgeting has not been enabled in the ledger options.

C : The Transfer Budget Balances to Budget Cubes has not been run.

D : The Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.

E : The Create Scenario Dimension Members program has not been run.

Answer: A,E

Question 5

What are The two advantages of having an intercompany segment in the Chart of Accounts?

Options :

A : Identifies partners in each intercompany line through balancing, by populating the intercompany segment with the trading partner.

B : Assists reconciliation through balancing, by populating the intercompany payable and intercompany receivable accounts.

C : Assists reconciling intercompany transactions and helps identify elimination entries.

D : Enables balancing of many to-many primary balancing segment value journals and many to many legalentity journals

Answer: A,C

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