Question 1

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?

Options :

A : Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances

B : In Financials Cloud, you must manually reconcile your intercompany account balances

C : Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances

D : Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance

E : Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances

Answer: D

Question 2

Which three objectives must be considered when designing the chart of accounts? (Choose three.)

Options :

A : Anticipate growth and maintenance needs as organizational changes occur

B : Effectively manage an organization’s financial business

C : Try to use all 30 segments and 25 characters per segment because you cannot change it later

D : Consider implementing a single, global chart of accounts

E : Limit the number of segments to those you need today to reduce data entry

Answer: A,B,D

Question 3

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 4

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

Options :

A : Create an Account Group using Account Monitor

B : Use Account Inspector

C : Open a Smart View file saved on your desktop

D : Perform an account analysis online

Answer: A

Question 5

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

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