Question 1

The intercompany accountants on the cloud project are trying to reconcile intercompany balances using the latest intercompany reconciliation report. However, they have some concerns about the information presented in the report and want you to clarify the content in the standard reconciliation report. What is included in the intercompany reconciliation report?

Options :

A : It displays ledger balancing lines generated when the primary balancing segment (BSV) is in balance but not the second or third BSVs.

B : It displays all clearing company balances for the period.

C : It displays the intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction.

Answer: C

Question 2

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

Options :

A : Data is summarized across segments that are not mapped to Hyperion Financial Management.

B : The unmapped segments default to future use segments in Hyperion Financial Management

C : No data is transferred

D : Errors occur for unmapped segments. You must map multiple segments from source general ledgers to the target segment in Hyperion Financial Management

Answer: A

Question 3

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 4

You are creating financial statements and want to have charts, such as a bar graph, automatically inserted to improve the understanding financial results. How would you achieve this?

Options :

A : Use Smart View, which is an Excel Add-on

B : Use Account Inspector that automatically creates graphs on financial balances

C : When viewing the report, download to Excel and use Excel’s Charting features to create your bar graph

D : When designing your financial statement using Financial Report (FR), embed a chart into your report

Answer: D

Question 5

What is the key function of currency revaluation?

Options :

A : Converting the accounted balances from one currency to another target currency

B : Adjusting the accounted value of foreign currency denominated balances according to current conversion rates

C : Measuring the current financial transactions that are denominated or stated in an accounting (local) currency into the functional currency of the entity

Answer: B

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