Oracle Financials Cloud: General Ledger 2016 Implementation Essentials

QUESTION NO: 1
Who are the three primary Functional Setup Manager users?

A. End Users that perform transaction processing B. System Administrators C. Implementation Project Managers and Consultants D. Application Developers E. C-Level Executives

Correct Answer: A,B,C

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 2
You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practices for streamlining this process?

A. Share revaluation definitions across ledgers that share the same chart of accounts. B. Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply change the parameters at run time. C. Define separate revaluation definitions for each class of accounts, currency, and different rate types. D. Use hierarchies and parent values in your revaluation definition.

Correct Answer: D

QUESTION NO: 3
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. Run Time Prompts (RTP) C. Formulas D. RuleSets

Correct Answer: B,C,D

QUESTION NO: 4
Your customer has a large number of legal entities. The legal entity values are defined in the company segment and the primary balancing segment. They want to easily create eliminating entries for the intercompany activity.
What should you recommend?

A. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment. B. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define. C. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading. D. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner.

Correct Answer: D

QUESTION NO: 5
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?

A. Report Functions B. Drill Through in Grid Properties C. Allow Expansion D. Nothing. All report balances are drillable in all FR Studio reports.

Correct Answer: B

QUESTION NO: 6
You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies.
Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

A. chart of account values, accounting calendar, and ledger B. Banks, Bank Accounts, and Branches C. setup data for Receivables and Payables product. D. Suppliers and Customers E. complete Accounting Configuration

Correct Answer: A,B,D

Explanation: Only visible for Pass4Test members. You can sign-up / login (it's free).

QUESTION NO: 7
Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?

A. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit. B. Business Units functions C. Data Access Sets D. Reference Data Sets

Correct Answer: D

QUESTION NO: 8
Which reporting tool is best suited for submitting high-volume transactional reports, such as invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or XML?

A. Financial Reporting Center B. Oracle Transactional Business Intelligence (OTBI) C. Intelligence Publisher (BI Publish. D. Oracle Business Intelligence Applications (OBIA) E. Smart View

Correct Answer: B

Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - 1z1-333 Exam Questions