1 Which delivered role can access the full functionality of functional setups manager?

A. Application Implementation Manager

B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any functional user
E. IT Security Manager

2.Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and
product segments for both financial and management reporting.
What is Oracle's recommended method for doing this?

A. Create a segment that acts as the primary balancing segment and create values that represent a
concatenation of all three business dimensions.

B. Use account hierarchies to create different hierarchies for different purposes and use those
hierarchies for reporting.

C. Create three segments for the Company, Line of Business, and Product segments and qualify them
as the primary balancing segment, second, and third balancing segments, respectively.

D. Create two segments where the first segment represents the concatenation of Company and Line of
Business, and then enable secondary tracking for the Product Segment

3. You have set up a supporting reference with balances to capture revenue by account manager.
Which option should you use to the supporting reference balances?
A. A SmartView analysis
B. An OTBI analysis
C. General Ledger inquires and reports
D. An Account Group
4. All of your subsidiaries can share the same ledger with their parent company and all reside on the
same application instance. They do perform intercompany accounting.
What is Oracle’s recommended approach to performing consolidations?
A. Use Oracle Hyperion Financial Management for this type of complex consolidation.

B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the
parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.
C. Use General Ledger's Financial Reporting functionality to produce consolidated reports by
balancing segment where each report represents a different subsidiary. Any eliminating entries can
be entered in yet another separate balancing segment.
D. Define multiple ledgers for consolidation and report on ledger set.

5. Your client’s chart of accounts has 3balancing segments

How many additional segments can be designated as a revaluation gain/loss tracking segments?
A. 4
B. 3
C. 3
D. 1
 6. You are setting up close monitor, which comprises a ledger set hierarchy definition.
Which two components of the enterprise structure the ledgers in the ledger set share?
A. Chart of Accounts
B. Legal Entities, Business Units, and Chart of Accounts
C. Chart of Accounts, Currency, Accounting Calendar and Subledger Accounting method
D. Accounting Calendar
E. Chart of Accounts and Business unit

7. Which two statements are true regarding how Intercompany Balancing Rule, are defined? (Choose
two.)
A. All ledgers engaged in an intercompany transaction must share the same chart of accounts
in order to define balancing rules

B. You can only define balancing rules for different journals' sources. You cannot define balancing
rules for different journal categories.

C. You can define different balancing rules for different combinations of journal sources,
journal categories, and transaction types

D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary
balancing segment value.

8. All of your subsidiaries reside on the same application instance, but some of them require a
different chart of accounts and/or accounting calendar and currency. There is no minority interest or
partial ownerships.
What is Oracle's recommended approach to performing consolidations?
A. Use Oracle Hyperion Financial Management for this type of complex consolidation.

B. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate
Chart of accounts, then transfer balances to the corporate consolidation ledger using the balance
transfer program.

C. Translate balances to the corporate currency for ledgers not in the corporate currency, use General
Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment
where each report represents a different subsidiary.

D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,
currency and accounting method. Create a separate elimination ledger to enter intercompany
eliminations, then create a ledger set across all ledgers and report on the ledger set.

9. Your customer uses Financials Cloud, Projects, Inventory and Procurement.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)
A. Each product has its own Intercompany Accounting feature that needs to be set up separately.
B. Intercompany Balancing Rules are defined centrally and applied across Financials and
Project Portfolio Management.
C. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-
ledger intercompany transactions and single-ledger intercompany journals.
D. They need to license a separate stand-alone Intercompany product that acts as the Intercompany
Accounting Hub.
10. You are reconciling your subledger balances and you need a report that includes beginning and
ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
A. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on
transactions and balances

B. Account Analysis Reports

C. Journals Reports

D. Aging Reports

11. Your Client has been using budgetary control for six months. Now, they want to use the spend
authorization.
After opting in the new feature spend authorization with budgetary control, what additional three
actions need to be feature?
A. Create a payment process profile
B. Rebuild the GL Balance Cube
C. Enable spend authorization
D. Rebuild the budgetary control cube
E. Enable payment request Subtypes.

12. Which two statements are true regarding the translation process?
A. The translation process should be run before posting period close adjustment entries.
B. If necessary, before submitting the translation process, the revaluation process should be
completed
C. The translation process can only be used for translating the balances of secondary ledgers.
D. Any resulting offset from the translation is entered in the cumulative translation adjustment
account
E. The translation process will translate all the account balances using period end rates.

13. The general accountant is trying to update the cost center for the default suspense account in the
ledger options to match rounding account.

The Rounding account is showing as 01-110-7699-00, however, 110 is not appearing in the list of
values for the accountant. What is the reason for this?
A. The general accountant does not have the financials application administrator role assigned
and, therefore has page
B. A Cross validation rule in place to prevent the resulting combination from being created.
C. There is a primary balancing segment attached to the legal entity of the primary ledger
D. The General Accountant has a segment values segment rule assigned which restricts access to
that cost center.
14. Your customer has enabled budgetary control for purchase orders. They have a purchase order for
$1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase
order, and the purchase order is closed for further invoicing. What happens to the remaining $400
USD?
A. Invoice type will have less funds available by $400 USD
B. $400 USD will be expired and not available for use
C. $400 USD will be added back to available funds
D. Only obligation type will have $400 USD funds available
E. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount
of $400 USD

15. You need to define multiple allocation rules as efficiently as possible. Which three components
can be reused across allocation rules?
A. Point of View (POV)
B. Formulas
C. Run Time Prompts (RTP)
D. RuleSets

16. Your customer has many eliminating entries to eliminate intercompany balances. The General
Ledger does not include a purpose-built Consolidation feature.
How would you automate the process of creating eliminating entries, assuming your customer is not
using Oracle Hyperion Financial Close Management?
A. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate
entries that you can generate every period.

B. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and
import the spreadsheet with the eliminating entries every period.

C. There is no way to automate this process if the customer Is not using Oracle Hyperion Financial
Close Management.

D. Create a manual Journal that includes the eliminating entries, and then create a copy of the Journal
batch every period.

17. In which two ways can your users customize the Springboards and Work Areas to suit their
individual working styles?
A. Users have very little control customizing their Springboards and Work Areas; they can only
resize columns.

B. They can use “+” under the Apps section of the News Feed homepage.

C. They can have the System Administration customize pages for them using Page Composer

D. They can format each table by hiding and showing columns, moving columns, and resizing
columns.
18. Which two methods can your General Ledger accountants use to more easily view large amounts
of contained in the tables in their work areas? (Choose two.)
A. Detach the table to resize it to the maximum size of the monitor
B. Export the table to Excel.
C. Run a Business Intelligence Publisher report with Excel as the output format.
D. Use the Freeze feature on the tables to scroll through large amounts of data.

19. Your enterprise structure has one ledger and two business units. Business unit one wants to
enable budgetary control for Requisitioning only in Procure-to-Pay Business Functions and business
unit two wants to enable budgetary control for Payable Invoicing only in Procure-to-Pay Business
Functions.
Which two statements are correct? (Choose two.)
A. While defining control for business unit two, enable control at Requisitioning and define the
exceptions to only include invoicing.
B. Define control for business unit two to disable control for Requisitioning, Purchasing, and
Receiving.
C. Define budgetary control at ledger level with Budgetary Control Exceptions for each business
unit.
D. While defining control for business unit one, disable control for Purchasing, Payable Invoicing,
and Receiving.
E. While defining control for business unit one, enable control at purchasing and define the
exceptions to only include requisitioning.
F. Define budgetary control at ledger level and only encumbrance controls at the business
units.

20. 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
Hyperion Financial Management?
A. No data is transferred.
B. Data is summarized across segments that are not mapped to Hyperion Financial Management
C. Errors occur for unmapped segments. You must map multiple segments from source general
ledgers to the target segment in Hyperion Financial Management.
D. The unmapped segments default to future use segments in Hyperion Financial Management

21. Which two statements are true regarding the intercompany reconciliations report?
A. This report displays the intercompany receivables and intercompany payables balances in
summary for a period.
B. You can only drill down to the general ledger journals and then from there to the subledgers
journal entry.
C. This report displays only the reconciled transactions. You need to further process automatic
reconciliation to reconcile the transactions.
D. This report can be run using an additional currency and conversion rate that converts all amounts
into a common currency.
E. This report includes ledger balancing lines generated when the primary balancing segment value
(BSV) is in balance, but third BSV are not.
22. You want to prevent intercompany transactions from being entered during the last day of the
close. What should you do?
A. Freeze the Intercompany Journal source in General Ledger.
B. Close all subledger periods.
C. Close the General Ledger period in the Manage Accounting Periods page
D. Close Intercompany periods in Fusion Intercompany.

23. You entered a journal and the client is asking for the following information:
The current account balance
What the future account balance will be if the Journal is approved and posted. How will you get this
information?
A. View the Projected Balances region in the Create Journals page.
B. Run a Trial Balance before and after posting.
C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger balances.
D. Query the account balance online.

24. Which two statements are true regarding the balance’s cubes in general ledger?
A. They are updated automatically when the general ledger period is opened.
B. A New Balances Cube is created for a unique combination of ledger and currency.
C. New Dimensions can be added to a general ledger balances cube.
D. They are updated automatically when the revaluation process is run.
E. They are updated automatically when the Translation process is run.

25. You are defining intercompany balancing rules that are applied to a specific source and category,
such as payables and invoices, or a specific intercompany transaction type, such as Intercompany
Sales.
Which two statements are correct? (Choose two.)
A. You must define rules for every combination of specific categories and sources. Otherwise, the
intercompany balancing will not work.

B. You can create a rule for all sources and categories by selecting the source "Other" and the
category "Other."
C. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in
this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

D. Set up a chart of accounts rule for every chart of accounts structure you have in order to
ensure that Intercompany Balancing will always find a rule to use to generate balancing
accounts.

26. You want to be notified of anomalies in certain account balances in real time. What is the most
efficient way to do this?
A. Perform an account analysis online.

B. Open a Smart View file saved on your desktop.

C. Create an Account Group using Account Monitor.

D. Use Account Inspector.

27. When creating Financials reports which two tools use data from the general ledger balances
cubes?
A. Smart View
B. Financials Reporting Studio
C. Oracle Financials Statement Generator
D. Financials reporting Center.

28. You have exported data from your budgeting application into a cv file
Which should you use to load that data into general ledger?
A. Application development framework desktop integrator
B. Enterprise resource budget integrator
C. The budget journal spreadsheet
D. File based data import.

29.You have a requirement for the intercompany provider and receiver distribution account to be
created automatically for all intercompany transactions.
A. The auto accounting definition
B. Intercompany transaction type default accounts
C. A provider and Receiver distribution set.
D. The transaction account definition.

30. Identify three differences between Oracle Transactional Business Intelligence (OTBI) and Oracle
Business Intelligence Applications (OBIA).
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 works for multiple sources including E-Business Suite, PeopleSoft, JD Edwards, SAP,
and Fusion Applications.
D. OBIA is based on the universal data warehouse design with different prebuilt adapters that
can connect to various source application
E. Both OBIA and OTBI provide a set of predefined reports and dashboards and a library of metrics
that help to measure business performance

31. Encumbrance accounting is enabled for your ledger. An encumbrance journal dated 3/15/19 was
recorded for a purchased order entered on 5/5/19, but the invoice accounting date was 4/20/19. The
encumbrance journals for liquidating the purchase order 5/5/19. What is causing this?
A. The subledger accounting option is set to system date.

B. The actual accounting date was set up under the encumbrance accounting Default Date Rule.

C. The system date was set up under the encumbrance accounting Default Date Rule.
D. The current transaction accounting 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

31. Which AMX builder method is most effective in routing the journals to the Accounting Manager
when its subordinate, the General Accountant, enters a journal?
A. Supervisory level approval

B. Dynamic Approval Groups

C. Approval Groups

D. Management Chain approval

E. Cost center based approval

32. While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently
created.
Which two options explain that? (Choose two.)
A. The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.

B. The Account Rule's chart of accounts have no account values assigned

C. The Account Rule's conditions are not defined.

D. The Account Rule is using sources assigned to different event classes from that of the
associated Journal Entry Rule Set.

33. Your customer is planning to have three balancing segments for generating balance sheets and
income statements for their cost center and program segments level.
Which two recommendations would you give your customer? (Choose two.)
A. When entering journals manually, the customer will need to make sure that the debits and
credits are equal across all balancing segments because the system will not automatically
balance the journal.

B. Every journal where debits do not equal credits across the three balancing segments will result in
the System generating extra journal lines to balance the entry.

C. Additional intercompany rules will need to be defined for the two additional balancing segments.

D. Additional Intercompany balancing and clearing options will need to be defined.

34. The Create accounting program could not determine the debit side of the journal entry.

Which component of subledger accounting determine the debit or credit of a journal entry?

A. Journal Line Rule

B. Account Rule
C. Journal Accounting Rule
D. Journal Balances Rule
E. Journal Entry Rule Set.

35. You defined a tree or hierarchy, but you are unable to set its status to Active.
What is the reason?
A. Chart of accounts was not deployed.

B. Accounting Configuration was not submitted.

C. An Audit process needs to be successfully performed before a tree version can be set to
Active.

D. Two tree versions were not defined

36. You are creating financial statements and want to have charts, such as a bar graph, included in
the report output.
Which two reporting tools allow you to achieve this?
A. Financial Statement Generator

B. Financial Reporting studio

C. Account Inspector.

D. Smart View

37. You need to define a chart of accounts that includes an intercompany segment. Your customer
plans to use segment value security rules for the Company segment.
What is Oracle’s recommended method to define this chart or accounts?
A. Share the same value set for the company and intercompany segments to reduce chart of accounts
maintenance.

B. Use two different value sets for the company and intercompany segment because segment
value security rules are at the value set level.

C. Define the company segment only and qualify it as both the primary balancing segment and
intercompany segment.
D. Define two different charts of accounts.
38. You create an invoice for USD 100 that is matched to a purchase order of USD 100. You validate
the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice.
What happens to funds available when you cancel an invoice that requires budgetary control?
A. The budget will increase by USD 100 and the funds available will decrease by USD 100.
B. Funds available will change when the invoice is approved.
C. The funds reserved for the purchase order is reinstated while the invoice expenditure is reversed
by USD 100.
D. The budget and funds available will increase by USD 100.

39. You already ran Translation, but a last-minute adjusting journal entry in your ledger currency
was entered after you consolidated your results.
What is Oracle’s recommended practice when this occurs?
A. Translate only the adjusting journal entry.
B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your results
D. Enter another adjusting journal entry in the target currency to true up the balances.

40. Your company has a legal entity in the UK, US and Canada. They can all share the same
chart of accounts but are required to transact a their local currency.
What is the minimum number of ledger you need and why?
A. One, because they can all share the same char of accounts.
B. Three, because each require a different currency
C. Four, because the UK has statutory requirement and you will need a separate ledger for
statutory reporting
D. Two, because the US and Canada can share the same ledger because they are in north
America.
41. Your company has two legal entities in the US(Balancing segment value BSV 101 and 102),
one legal entity in France(BSV401) and Legal entity in the UK (BSV402)
Both US legal entities share the same ledger, whereas the UK and France have their own ledgers.
Assuming intercompany transactions are not being entered, what is the minimal action you can
take and still configure the ledgers?
A. You should assign a balancing segment value to identify each legal entity in each ledger
B. You should assign a balancing segment value to identify each legal entity in the US
ledger and assign the balancing segment ledger in the UK and France
C. You should assign a balancing segment value to identify each legal entity in the US
ledger
D. You should assign the balancing segment value to the ledger in the US and assign a
balancing segment value to identify each UK and France ledgers.

41. You need to set up a calendar for fiscal year Apr-XX to March-YY where YY is the
following year and you would like the periods to be name to the year they fall in
What calendar type should you choose?
A. Period
B. Calendar
C. Fiscal
 D. Year

42. You want to define an allocation rule where segment values are constants (or rules and formulas.
What should you do?
A. Never use the Outer Point of View (POV).
B. Use the point of view (POV) tab of the allocation wizard.
C. Specify Run Time Prompts (RTP).
D. Only specify segment values in formulas.

43. You entered a cross validation rule to prevent the balance sheet cost center (000) being used
with profit and loss account)4000-zzzz). The following combinations exist in the code
combination table:
01-000-4110-, 01-000-5299-000, 01-5105-000 and 01-000-7640-00
Which two statement are true regarding cross-validation rules?

A. You need to run the Cross-Validation rule validation process to allow rules to apply to
existing combination that violate rule
B. You need to run the Cross-Validation rules process to list and optionally disable
combination that violate rules
C. There is no need to create cross validation rules if dynamic combination creation allowed
is not enabled for your chart of accounts
D. The rules validate and apply to new accounts only
E. The rules will validate and apply to new and existing accounts

44. You are using budgetary control. You have an open purchase order for $500 USD, and an invoice
for $300 is matched to the purchased order.
Both 3re Partially Reserved.
A. The purchase order is Liquidated and the invoice is Partially Reserved.
B. The purchase order is Partially Liquidated and (he invoice Is Partially Reserved.
C. The purchase order is Partially Liquidated and the invoice will be Reserved.
D. Both are reserved.
E. The purchase order is Open and the Invoice is validated.

45. Most of the accounting entries for transactions from your source system use
TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some
events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
A. Event Type
B. Journal Line Rule
C. Event Class
D. Journal Entry Rule Set
E. Journal Entry
46. A Subsidiary company, in a highly regulated country, where there is a legal requirement to
product fiscal reports under local GAAP, is configure their general ledger.
Given the following:
Subledger transferring to general ledger must use the local currency.
There is a requirement to report to the parent company(not local currency) using international
financial reporting standards(IFRS)

Which two legers types should be configured to address this reporting requirement?
A. A reporting currency with the IFRS accounting convention
B. A primary ledger with the IFRS accounting convention
C. A reporting currency with the the local accounting convention
D. A secondary ledger with the IFRS accounting convention
E. A primary ledger with the local accounting convention

47. You need to create a month-end reporting package for an upcoming Audit Committee meeting,
you have 10 financial reports that you want to share with executives and auditors that are nicely
formatted.
Identify the two Oracle recommended ways to accomplish this? (Choose two.)
A. Using Workspace assemble multiple reports into a book that can be printed and viewed
individually as an entire book.

B. Use a report batch to run reports at a specific time to create a set of snapshot reports.

C. Use OTBI to create multiple reports that you save to a folder that only the users can access.

E. Use BI Publisher to configure the reports and then use bursting to email the reports to the
executives and Audit Committee. E. Create a SmartView report, where the various sheets
represent the different Financial Statement and send them the spreadsheet.

48. You new accountant have been making mistakes in reconciling accounts assigned to them, your
account balances have either spiked n 40% every period due to human error. This causes delays in
reconciliation.
What feature can you use to proactively notified of account anomalies in a more timely manner?

A. Smart view
B. Account monitor
C. Financial reports with embedded charts
D. Accounts inspector and its charts
49. What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?
(Choose two.)
A. General ledger balances are multidimensional, allowing you to perform robust reporting
and analysis.

B. You can access real-time results for reporting and analysis because every time a transaction
is posted in General Ledger, multidimensional balances are also updated simultaneously.

C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when
you create your chart of accounts.

D. Posting performance is much faster.

E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts
mapping rules.

50. You wan to monitor the close process of all your financials subledger and ledgers. How can you
quickly obtain the information?
A. Use the Manage Accounting Periods page to view the status el all subledgers and ledgers.

B. Access each subledgers' calendar and General Ledger's Manage Accounting Periods page to view
the status of each period.

C. Run Closing Status reports.

D. Use Close Monitor In General Accounting Dashboard.

51. You are creating values for the chart of account value set that you ate planning to use for the
account segment within your chart of account.
You are not to assign an account type. What is the reason for this?

A. You have not set the allow posting attribute for the value set
B. You have not set the allow budgeting attribute for the value set
C. The account type qualifier has not enabled when defining the value
D. You are creating values before assignment the vale set to the structure.

52.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 to prevent duplicate accounting entries?
A. Define journal conversion rules that exclude subledger
B. Define supporting reference with balances
C. Define journal conversion rules that include subledger in orders to transfer subledger
transactions.
D. Go to manage subledger accounting options, locate your created secondary ledger and disable
the subledger accounting enable each component
E. Ensure that the accounting calendar and currency are the same as the primary ledger.
53. In Financials Cloud, which three reporting tools can be used to access General Ledger balances?

A. Application Composer
B. Oracle Enterprise Repository
C. Oracle Transactional Business Intelligence
D. Financial Reporting Studio
E. Smart View