General Set Up

 Describe Functional Setup Manager

 Describe the configuration packages

 Create an implementation project

 Explain how to use reports to validate setup data

 Create Users and Roles

QUESTION 14
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. complete Accounting Configuration

B. Suppliers and Customers
C. Banks, Bank Accounts, and Branches
D. chart of account values, accounting calendar, and ledger
E. setup data for Receivables and Payables products
Correct Answer: BCD

QUESTION 15
Who are the three primary Functional Setup Manager users?
A. End Users that perform transaction processing
B. Implementation Project Managers and Consultants
C. System Administrators
D. Application Developers
E. С-Level Executives
Correct Answer: BCD

Enterprise Structures

 Configure the Chart of Accounts

 Explain Essbase

 Set up accounting hierarchies

 Set up the accounting calendar

 Configure Chart of Accounts Security

 Configure the legal entity structure and define the relationship to the Chart of Account
QUESTION 10
You are implementing Segment Value Security rules.
Which two statements are true?
A. You can use hierarchies to define rules
B. The Segment Value Security rules do not take effect until you assign the rules
to users and products.
C. When you enable Segment Value Security on a segment, users will not be able
to access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to
redeploy your chart of accounts.
Correct Answer: AB

QUESTION 9
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 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.

Correct Answer: C

QUESTION 10
You are implementing Segment Value Security rules.
Which two statements are true?

A. You can use hierarchies to define rules.

B. The Segment Value Security rules do not take effect until you assign the rules to
users and products.

C. When you enable Segment Value Security on a segment, users will not be able to
access any values until you grant access to users and products.

D. When you enable or disable Segment Value Security, you do not need to redeploy
your chart of accounts.

Correct Answer: AB

QUESTION 6
Your customer wants to have balance sheets and income statements for its cost
center and program segments. That is, the customer wants to have three balancing
segments.
Which two recommendations would you give your customer?
A. When entering journals manually, the customer will need to make sure that
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. Define Ledger balancing options to balance by second and third balancing

segments.

Correct Answer: DB

QUESTION 8
Your customer wants to secure their primary balancing segment values to prevent
employees of one company from entering or viewing data of another company.
You only need this for General Ledger balances and reporting.
What two security features should you use?
A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security

D. Balancing Segment Value Assignment to Legal Entities

Correct Answer: AC

Journal Processing

 Process journal entries

 Configure automated journal processing

 Explain the journal approval set up

 Configure allocations and periodic entries

 Explain Average Daily Balance Processing

 Explain the secondary ledger and reporting currencies

Sub ledger Accounting

 Create and manage Accounting Rules

 Create and process sub ledger accounting entries

 Explain the journal description rules

  Identify supporting references

QUESTION 4
The Accounting Manager requests that a schedule be created to automatically post
journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A. Journal Description
B. Journal Source

C. Journal Category

D. Journal Batch

Correct Answer: B

Intercompany Processing

 Design the Chart of Accounts and segment level rules for intercompany
 Set up Intercompany Accounting (system options, transaction types, organizations)

 Describe intercompany balancing

 Process intercompany transactions and periods

 Process intercompany reconciliations

https://docs.oracle.com/cd/E48434_01/fusionapps.1118/e20374/F1005384AN341F6.htm

QUESTION 3
Which two statements are true regarding how Intercompany Balancing Rules are
defined?

A. You can define different rules for different charts of accounts, ledgers, legal
entities, and primary balancing segment values.
B. You can only define balancing rules for different journals’ sources. You cannot
define balancing rules for different journal categories.
C. All ledgers engaged in an intercompany transaction must share the same chart of
accounts in order to define balancing rules.
D. You can define different balancing rules for different combinations of journal
sources, journal categories, and transaction types.

Answer: A, C

Reporting & Analytics

 Explain how to design and use various reporting tools

 Set up the Financials Reporting Studio
  Explain OTBI and GL Subject Areas

 Describe Smart View accounting inquiry and analysis

 Describe the General Accounting Dashboard and Work Areas

 Analyze budgets versus actuals

 Describe the Fusion Accounting Hub Reporting Service

QUESTION 5
Which three reporting tools are based on real-time data or balances?
A. Oracle Business Intelligence Applications (ОВIA)
B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle Transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)

Correct Answer: BDE

QUESTION 7
Your Financial Analyst needs to interactively analyze General Ledger balances with
the ability to drill down to originating transactions.
Which three features facilitate this?
A. Financial Reports published to Excel
B. Account Monitor
C. Smart View
D. Account Inspector
E. Online Transactional Business Intelligence

Correct Answer: BCD

Period Close

 Explain the Close Process

 Configure and process revaluations

 Configure and process translations

 Configure and process consolidations

 Analyze reconciliations

 Close monitor

Budgetary Control and Encumbrance

 Configure and Process Budgets

 Explain how to analyze and monitor Budget Consumption

 Configure Encumbrance Accounting

  Process Encumbrance Journals

QUESTION 1
Your customer is using budgetary control and encumbrance. You have an open
purchase order for $500 USD, which you decide to match to an invoice for $300
USD.
What will be the fund status of the purchase order and invoice?
A. The purchase order is Partially Liquidated and the invoice is Partially Reserved.
B. The purchase order is Partially Liquidated and the invoice will be Reserved.
C. Both are reserved.
D. The purchase order is Liquidated and the invoice is Partially Reserved.
E. Both are Partially Reserved.
F. The purchase order is Open and the invoice is Validated.

Correct Answer: B

1Z1-333 Oracle Fusion Financials Cloud Service: General Ledger 2016 Implementation Essentials

http://www.aiotestking.com/oracle/what-is-oracles-recommended-approach-to-performing-con/

Table of Contents
Which three factors should you consider?.....................................................................................................................8

Which two statements are correct?...............................................................................................................................9

What is the most efficient way to add a new year to the accounting calendar?.........................................................10

4....................................................................................................................................................................................10

What are the tables or views from which the Create Accounting program takes source data that is used in rules to
create journal entries?..................................................................................................................................................10

What is the solution :....................................................................................................................................................11

6....................................................................................................................................................................................11

Your customer has only licensed Financials Cloud and wants to use approval workflows. Using which page to enter
users and assign roles is Oracle’s recommended method?..........................................................................................11

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?................................................................12

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold of
funds availability. Where must you define the details while analyzing budget balances in the Budget Account
Monitor page?..............................................................................................................................................................13

How can your Accounting Manager expedite journal processing during the time-critical month-end close?............13
10..................................................................................................................................................................................14

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?...................................14

11..................................................................................................................................................................................14

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?...............................................................................15

12..................................................................................................................................................................................15

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?.............................................................................................................................................................15

13. Identify three functions of Functional Setup Manager...........................................................................................16

14..................................................................................................................................................................................16

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 their intercompany activity. What
should you recommend?..............................................................................................................................................16

15. 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?.........................................................................................................................................................................17

16. You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to
do this?..........................................................................................................................................................................17

17. 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?.................................................18

18 .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?........................................18

20..................................................................................................................................................................................20

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two
options explain that?....................................................................................................................................................20

21. 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
of accounts?..................................................................................................................................................................20

22..................................................................................................................................................................................20

You want to process multiple allocations at the same time. What feature do you use?.............................................20

23..................................................................................................................................................................................21

Your customer is having issues transferring intercompany transactions to General Ledger. Identify three reasons for
this.................................................................................................................................................................................21

24. You want to enter budget data in General Ledger Cloud. Which method is not supported?................................21
25..................................................................................................................................................................................21

You created your first Implementation Project and assigned the Application Implementation Consultant role to your
user. However, you are unable to access Oracle Identity Management (OIM). This issue was caused because you did
not assign the __________...........................................................................................................................................21

26. 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?...............................................22

27. You need to distribute departmental expense reports to 100 department managers in your organization. The
report format is the same, but the department values differ.......................................................................................22

28. In which two ways can your users customize the Dashboards and Work Areas to suit their individual working
styles?...........................................................................................................................................................................23

29. Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses
in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance
that has four segments. Which two statements are true regarding the creation of a control budget?......................24

30. Which statement is true when creating an Implementation Project for Financials Cloud?...................................24

31. Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can Hyperion Data
Management be used?.................................................................................................................................................24

32. Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true
regarding intercompany accounting for these products?.............................................................................................25

33. After submitting the journal for approval, you realize that the department value in the journal is incorrect. How
do you correct the value?.............................................................................................................................................25

34. What type of user must be defined before you can create an Implementation Project?......................................26

35. 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?.............................26

36. 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?.................................................................................................................................................................27

37. You’ve set up the standard accrual with encumbrance accounting for your ledger and you realized that the
encumbrance journals are defaulting with current date as the accounting date. What is causing this?....................27

38. Which three reporting tools are based on real-time data or balances?.................................................................28

39. The Accounting Manager requests that a schedule be created to automatically post journals from...................28

1. Which three factors should you consider?

You want to specify Intercompany System Options.

Which three factors should you consider?
A.
whether to enforce an enterprise-wide currency or allow intercompany transactions in local currencies

B.
whether to allow receivers to reject intercompany transactions

C.
automatic or manual batch numbering and the minimum transaction amount

D.
automatic or manual batch numbering and the maximum transaction amount

E.

the approvers who will approve intercompany transactions

A,B,C
That Correct Answers
Bakr Reference:
Before setting up intercompany system options, you need to determine how you will process your intercompany
transactions, for example, to:
Enforce an enterprise-wide currency or allow intercompany transactions in local currencies.
Allow receivers to reject intercompany transactions.
Determine the minimum transaction amount that will be processed.
Intercompany Batch Numbering: The intercompany batch numbering option defines whether to use system
generated or manual transaction batch numbering. Select the System Generated option to use only one automatic
sequence number in intercompany within an instance. The sequence numbers are unique within the instance. All
transactions created in intercompany will use this sequence. Use the Manual option to manually enter a batch
number, up to 20 characters.

2.

Which two statements are correct?

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?

A.
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.

B.
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.
C.
You can create a rule for all sources and categories by selecting the source “Other” and the category “Other.”

D.
You must define rules for every combination of specific categories and sources. Otherwise, the intercompany

balancing will not work.

Answer: A,C

Bakr Reference:
Using Chart of Accounts Rules for Intercompany Balancing: Examples
Use chart of accounts rules for intercompany balancing. You have flexibility in defining your intercompany balancing
rules with the setup of a single chart of accounts rule to use for all ledgers that use this chart of accounts.
When you create a chart of accounts rule, you specify the chart of accounts, intercompany receivables, and
intercompany payables accounts you want to use, as well as the source and category. It is recommended that the
intercompany receivables account be an asset type account, and the intercompany payables account be a liability
type account.
You can define 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. Alternatively, you can choose to create rules for all
sources and categories by selecting the source of Other and the category of Other.
You can have a more complex structure and define multiple rules between pairs of ledgers, legal entities, or
primary balancing segment values. If you choose to have rules at various levels, then intercompany balancing
evaluates the rules in the following order.
Primary balancing segment rules
Legal entity level rules
Ledger level rules
Chart of accounts rules
It is therefore recommended that you set up a chart of accounts rule for every chart of accounts structure you
have. This will ensure that Intercompany Balancing will always find a rule to use to generate balancing accounts.

3.

What is the most efficient way to add a new year to the accounting calendar?

A.
The application automatically populates the next year when you open the first period of a new fiscal year.

B.
Import the periods from a spreadsheet.

C.
Add the periods manually.

D.

Use the Add Year button.

Not A
D.Use the Add Year button.
Explanation:

Update an existing calendar before the new periods are needed as future periods, based on the
future period setting in your accounting configuration. If a complete year has been defined and
validated, use the Add Year button to add the next year quickly. The Add Year button
automatically adds the rows for the new year. These new rows can be accepted or changed. For
example, with the Other frequency type calendar, dates may differ from what the application
generated and need to be changed.
Oracle Fusion Help, When do I update an existing calendar?

4.

What are the tables or views from which the Create Accounting program takes source data that is used in
rules to create journal entries?

A.
Accounting attributes

B.
Event Entities

C.
Transaction Objects

D.
Mapping Sets

E.
Event Classes

Answer: C

Create Accounting program takes source data from TRANSACTION OBJECT is used in rules to create journal
entries.

Explanation:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569960AN52F30.htm (transaction objects)

5.

What is the solution :

You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system
sends invoices billed and cash receipts in a flat
file, along with the customer classification information. You want the accounting amounts to be tracked by
customers too but you do not want to add a Customer
segment to your chart of accounts.
What is the solution?

A.
Use the Open Account Balances Listing report that has balances by customer.

B.
Use the Third Party Control Account feature.

C.
Use Supporting References to capture customer classification information.

D.
Capture customer information as the source and develop a custom report using Online Transactional Business
Intelligence (OTBI).

C.
Use Supporting References to capture customer classification information without adding customer segment to
chart of account.

6.

Your customer has only licensed Financials Cloud and wants to use approval workflows. Using which page to
enter users and assign roles is Oracle’s
recommended method?

A.
Financials Cloud not a stand-alone product

B.
Oracle Identity Management (OIM)

C.
Manage Users

D.
Hire a New Employee

E.
Access Policy Manager (AРМ)

B.

Oracle Identity Management (OIM), by which the user and roles can be assigned.

7.
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.
Journal Entry Rule Set

B.
Journal Line Rule

C.
Event Type

D.
Event Class

E.
Journal Entry

B is the right answer.

The Create Accounting process uses the values of sources assigned to accounting attributes plus accounting rules to
create subledger journal entries. Almost all accounting attributes have sources assigned at the accounting event
class level. Depending on the accounting attribute, the accounting attribute assignment defaulted from the
accounting event class can be overridden on journal line rules or subledger journal entry rule sets.

8.

The budget managers specify the budget accounts they want to monitor and decide on percentage threshold
of funds availability.
Where must you define the details while analyzing budget balances in the Budget Account Monitor
page?

A.
Budget Group

B.
Application Development Framework Desktop Integration (ADFdi)

C.
Account Group

D.
Budget Controller

E.
Budget Account Group

Answer: E
Configuring Account Groups for Account Monitor: Example

Oracle Fusion Financial Reporting Center is a powerful tool for accessing, designing, and presenting financial
reports and analytic data. To analysis your data, define specific account groups in the Account Monitor.

Scenario

In this example you define account groups to organize key accounts by purpose, category, and comparison criteria.
Steps to define account groups are:

1. From Financial Reporting Center -> Account Monitor region select View -> Account Group -> Create
2. Enter the Account Group name and determine if the account group should be used for the default view for
Account Monitor

3. Enter the accounts to be monitored, the threshold options, and the comparison options

4. Click Save and Close or Save and Create Another

https://docs.oracle.com/cd/E37017_01/doc.1115/e22895/F801489AN170C0.htm

9.

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

A.
by using the Close Status monitor to drill down on the close status across ledgers

B.
by using the Journals region to view journals Requiring Attention, Requiring Approval, and Pending
Approval from Others

C.
by running the Journals report using Business Intelligence Publisher

D.
by creating an ad hoc query on journals using Oracle Transactional Business Intelligence (ОTBI)

B. is correct answer.

Account manager can check the Journals region to view journals Requiring Attention, Requiring Approval, and
Pending Approval from Others

10.
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?

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

B.
General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.

C.
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.

D.
Posting performance is much faster.

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

B,C The correct Answers

B-General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

C–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.

11.

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.
B ,The correct Answer

Reference: If multiple subsidiaries and the corporate ledger do not share the same chart of accounts and calendar,
use the Balance Transfer Consolidation method and the reporting solutions, including Financial Reporting, Smart
View, online inquiry, Oracle Business Intelligence (BI) Publisher, and Oracle Fusion Transactional Business
Intelligence (Oracle Fusion Transactional BI).
With the Balances Transfer Consolidation method, perform the following tasks:
-Translate balances to the corporate currency for ledgers not in the corporate currency.
-Create a chart of accounts mapping to map subsidiaries account values to the corporate chart of accounts.
-Transfer balances from the subsidiaries to the corporate consolidation ledger using. Run the Transfer Balances
Cross Ledgers process that transfers between any source and target ledger pair or the Balance Transfer process for
Balance Level secondary ledgers. In the parameters, select:

12.

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.
Define multiple ledgers for consolidation and report on ledger set.

B.
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.

C.
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.

D.
Use Oracle Hyperion Financial Management for this type of complex consolidation.

B is correct.

If your subsidiaries all share the same ledger with the parent company or they share the same chart of accounts and
calendar, and all reside on the same applications instance, you can consolidate financial results in Oracle Fusion
General Ledger in a single ledger. Use Oracle Fusion Financial Reporting functionality to produce individual entity
reports by balancing segments. General Ledger has three balancing segments that can be combined to provide
detailed reporting for each legal entity and then rolled up to provide consolidated financial statements.

http://docs.oracle.com/cd/E29505_01/fusionapps.1111/e20374/F484499AN1B4D4.htm

13. Identify three functions of Functional Setup Manager.

A.
Automatically generate lists of setup tasks in the correct sequence with dependencies highlighted.

B.
Provide a central place to access and perform all of the setup steps across Cloud application products.

C.
Automatically mark the status of tasks as Completed after they have been completed.

D.
Assign setup tasks to individuals with due dates where users must manually update their completion status.

E.
Centrally manage the close processes across subledgers and ledgers.

Answer: A, B, D

14.

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 their
intercompany activity.
What should you recommend?

A.
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.

B.
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.

C.
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.

D.
Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany
balancing feature in general ledger and subledger accounting will automatically populate the intercompany
segment with the balancing segment value of the legal entity with which you are trading.

Answer: D
15. 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?

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.

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

A.
Use Account Inspector.

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

C.
Perform an account analysis online.

D.
Create an Account Group using Account Monitor.

Reference:

Account Monitor and Account Inspector

Account Monitor provides Oracle Fusion General Ledger users with a tabulation of self-selected accounts and
balances, with self-defined deviances from standards for those balances. The users can see anomalies against the
thresholds that they define. Account Monitor provides efficient monitoring and tracking of key account balances in
real time and is continually updated, at every level of the dimension and hierarchy. It is a powerful tool for real time,
multidimensional account analysis. It is available in the General Accounting Dashboard and in the Financial
Reporting Center.
17. 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.
Allow Expansion

B.
Nothing. All report balances are drillable in all FR Studio reports.

C.
Report Functions

D.
Drill Through in Grid Properties

Answer: B

18 .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.
Reference Data Sets

B.
Business Units functions

C.
None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.

D.
Data Access Sets

Business units process transactions using reference data sets that reflect your business rules and policies and can
differ from country to country. With Oracle Fusion Application functionality, you can choose to share reference
data, such as payment terms and transaction types, across business units, or you can choose to have each business
unit manage its own set depending on the level at which you wish to enforce common policies.

https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAIGL/FAIGL1489232.htm#FAIGL106145

19. 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.

Ans : A

Use the projected balances feature to view the impact on account balances for
selected subledger journal entry lines.
The projected balances flow has the following business benefits:
Creation and validation of unposted manual journal entries by providing knowledge users with
immediate and relevant information about the account balances for the selected journal lines.
Validation and reconciliation of posted journal entries by providing immediate and relevant
information about the account balances for the selected journal lines.
Reference: Fusion Applications Help, Viewing Projected Balances: Points to Consider

https://docs.oracle.com/cd/E37017_01/doc.1115/e22895/F419977AN14CBD.htm

1z0-333.pdf

20.

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created. Which two
options explain that?

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

B.
The Account Rule’s conditions are not defined.

C.
The Account Rule’s chart of accounts has no account values assigned.

D.
The Account Rule is defined with a different chart of accounts from the Journal Entry Rule Set.

Answer: A, D
21. 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 of accounts?

A.
Define two different charts of accounts.

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

C.
Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance.

D.
Define the company segment only and qualify it as both the primary balancing segment and intercompany segment.

22. You want to process multiple allocations at the same time. What feature do you use?

A.
Formulas

B.
RuleSets

C.
Point of View (POV)

D.
General Ledger journal entries

Answer: B

23.

Your customer is having issues transferring intercompany transactions to General Ledger.

Identify three reasons for this.

A.
Both the intercompany and general ledger periods are open.

B.
The intercompany period is closed.

C.
Import Payables and Receivables invoices is not run.

D.
The intercompany transaction is not approved.
E.
If they are different, then the exchange rate is missing between the intercompany and general ledger currency.

Answer: B, C, D

24. You want to enter budget data in General Ledger Cloud. Which method is not supported?

A.
file-based Data Import

B.
Smart View

C.
Application Development Framework Desktop Integration (ADFdi)

D.
entering budget journals

Answer: D

25.

You created your first Implementation Project and assigned the Application Implementation Consultant role
to your user. However, you are unable to access Oracle
Identity Management (OIM). This issue was caused because you did not assign the __________.

A.
Line Manager role to your user

B.
Application Implementation Manager role to your user

C.
IT Security Manager role to your user

D.
Superuser role to your user

26. 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.
Define separate revaluation definitions for each class of accounts, currency, and different rate types.

B.
Use hierarchies and parent values in your revaluation definition.

C.
Share revaluation definitions across ledgers that share the same chart of accounts.
D.
Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply
change the parameters at run time.

Answer: A, B

Reference: Hierarchies and flexible account selection criteria, such as usage of parent values from your account
hierarchy, streamlines maintenance of revaluation definitions. The parent values can be selected for the primary
balancing and the natural account segments using the is a last descendant of operator. Leveraging hierarchy versions
extends your revaluation definitions during organizational changes. Adjust account selection criteria monthly to
retrieve the accounts that need to be revalued for the current accounting period.

Share revaluation definitions across ledgers that have the same chart of accounts to reduce maintenance.

27. You need to distribute departmental expense reports to 100 department managers in your organization.
The report format is the same, but the department values differ.

What is the most efficient way to achieve this?

A.
Set the Department segment as a User Point of View (POV) and submit a report batch and schedule it to run for
every department. Send the different batch
outputs as PDF attachments via email to different users.

B.
Create a single report for all departments. When department managers log in to Financial Reporting Center, they will
only be able to view their department’s data
based on Segment Value Security Rules.

C.
Set up Bursting Options for your batch to prepare multiple versions of a report from a single process.

D.
When defining the report, make the Department Segment a prompt and when users view the report, they can change
the prompt to their department.

Answer: A.

Every data value in a report is derived from the intersection of a member from each dimension in an Oracle
Hyperion Planning database connection. In Oracle Hyperion Financial Reporting Web Studio, you can
place these dimensions on the report grid or in the user point of view. When you view the report, you can
change the member selected for dimensions on the user point of view. This allows you to customize a
report to fit your needs. You can also use the user point of view in books.

In a report, the member specified for a dimension in the user point of view is used for all grids with that
dimension. For example, if you select the “budget” member for the “scenario” dimension, all grids in the
report with “scenario” in the user point of view use “budget ” when you retrieve data. The user point of
view is not displayed if all of the dimensions are placed on the grid.
 The following dimensions are displayed on the user point of view bar:

Dimensions not currently defined in a row, column, or page

Dimensions in a row, column, or page that are flagged for the current point of view

Dimensions without a member selected on a grid point of view

Attribute dimensions dragged to the point of view area in the Dimension Layout dialog box

ITS NOT EFFICIENT TO PUT THAT ON A PROMT BECAUSE IF YOU ARE THE ONE THAT WILL
CRETE THIS 100 REPORTS YOU WILL TAKE A LONG TIME RUNNING THE REPORT 100 TIME.
WITH THE POINT A VIEW JUST ONE TIME.

28. In which two ways can your users customize the Dashboards and Work Areas to suit their individual
working styles?

A.
They can format each table by hiding and showing columns, moving columns, and resizing columns.

B.
They can use Personalization to move and remove regions from those pages.

C. Users have very little control customizing their Dashboards and Work Areas; they can only resize columns.

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

Answer: A, B

29. Your customer is implementing budgetary control with encumbrance accounting. Your customer has
businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate
chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget?

A.
Control budgets are always absolute to generate encumbrance accounting.

B.
A control budget can allow override rules only if the control level is absolute.

C.
The control budget structure has all the chart of account segments as budget segments.

D.
A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and
Singapore.

E.
A control budget can be associated with a different calendar than accounting calendar.
Answer: A,E

30. Which statement is true when creating an Implementation Project for Financials Cloud?

A.
The Implementation Project is preconfigured and cannot be deleted or changed.

B.
Plan your implementation project carefully because you cannot delete it or make changes later.

C.
You must select the Offering “Financials,” and each individual product or option to perform the setup for each
product in Financials Cloud.

D.
Selecting the Offering “Financials,” automatically allows you to perform the setup for all Financials Cloud products.

E.
You only need to make the project name unique, then you can perform the setup for any product family, such as
Financials, Procurement, Human Capital
Management and Supply Chain Management.

Answer: D

31. Fusion Accounting Hub includes Hyperion Data Management.

For which two tasks can Hyperion Data Management be used?

A.
chart of accounts hierarchy maintenance

B.
integration with transactions from external feeder systems

C.
chart of accounts master data maintenance

D.
data access and security

E.
cross-validation rules

Answer: A, C

Integration between Oracle Fusion Accounting Hub and Hyperion Data Relationship
Management, Fusion Edition (DRM) provides the ability to synchronize chart of
accounts values and hierarchies. Customers can maintain charts of accounts values
and hierarchies centrally in a single application, Hyperion DRM, and then propagate
updates to multiple E-Business Suite (EBS) and/or Fusion instances.
32. Your customer uses Financials Cloud, Projects, Inventory and Procurement.
Which two statements are true regarding intercompany accounting for these products?

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, Portfolio Project Management
and Supply Chain Management products.

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.

Answer: C, D

33. After submitting the journal for approval, you realize that the department value in the journal is
incorrect. How do you correct the value?

A.
Click the Withdraw Approval button in the Edit Journals page and edit the journal.

B.
Delete the journal and create a new journal.

C.
Update the journal through workflow.

D.
Reverse the journal and create a new one.

Answer: A

The Withdraw Approval button on the Journals page is used at anytime in the approval process to withdraw journals
from the process. Clicking this button allows you to edit to the journal. After your changes are made, submit the
entry for approval again. When a journal is withdrawn, the completion status is set to Incomplete.

http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

34. What type of user must be defined before you can create an Implementation Project?

A.
all roles that will be used throughout the implementation

B.
Implementation Users
C.
None. The OIM system administrator user ID, XELSYSADM, which is assigned by the person provisioning the
system, has full access.

D.
None. The Fusion Applications Superuser, FAADMIN, has full access to create an Implementation Project.

E.
a full-time employee that has the FSM Superuser role assigned.

Answer: B

35. 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.
Business Intelligence Publisher (BI Publisher)

D.
Smart View

E.
Oracle Business Intelligence Applications (OBIA)

Answer: C

36. 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.
Journals Reports

B.
an Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances

C.
Account Analysis Reports

D.
Aging Reports
Answer: C

https://docs.oracle.com/cd/E56614_01/financialsop_gs/FAFTT/F1006651AN1B4CF.htm

Account Analysis Report

Reconcile subledger and other balances with comprehensive Account Analysis reports that:

 Include beginning and ending account balances along with all journal entries that constitute the account's
activities
 Contain activity source, category, and references, which are fully documented to easily trace back to the
origin of the balance

 Identify reconciling items with amount or origin mismatches

37. You’ve set up the standard accrual with encumbrance accounting for your ledger and you realized that
the encumbrance journals are defaulting with current date as the accounting date.
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.

Answer: D

38. Which three reporting tools are based on real-time data or balances?

A. Oracle Business Intelligence Applications (OBIA

B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)

B, D, E

39. The Accounting Manager requests that a schedule be created to automatically post journals from
subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal Description

Answer: B

Creating an AutoPost Criteria Set

Create your AutoPost Criteria Set to automatically post journal entries from both Oracle and non-Oracle subledgers.

1. On the Manage AutoPost Criteria Sets page, click the Create icon to open the Create AutoPost Criteria Set
page.
2. Enter the criteria set name: All Journal Imported Entries.

3. Select the Enabled check box.

4. Enter the description: Posting journals imported from the subledgers.

5. Click the Add Row icon to add each new line.

6. Complete the fields, as shown in this table.

Priority Ledger or Ledger Set Source Category Accounting Period

1 InFusion Corporation Ledger Payables All All

2 InFusion Corporation Ledger Receivables All All

3 InFusion Corporation Ledger Fast Assets All All

7. For all three sources, select Yes for the Process All Criteria option, and enter 30 as the number of days
before and after submission date. Setting the before and after day with a wide range of days enables the
process to run less often.

8. Click Save and Close.

9. Schedule the process to run immediately after the journal import process to prevent changes to the journals.
Run the process during nonpeak times to save resources.

40. Which two statements are true regarding how Intercompany Balancing Rule, are defied?

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.

Answer: A, D

41. Which two delivered roles can access the full functionality of Functional Setup Manager,

A. Application Implementation Manager

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

Answer: A, C

42. Your customer is using budgetary control and encumbrance. You have an open purchase order for $500
USD, which you decide to match to an invoice for $300 USD.
What will be the fund status of the purchase order and invoice?
A. The purchase order is Partially Liquidated and the invoice is Partially Reserved.
B. The purchase order is Partially Liquidated and the invoice will be reserved.
C. Both are reserved.
D. The purchase order is liquidated and the invoice is Partially Reserved.
E. Both are Partially Reserved.
F. The purchase order is Open and the invoice is validated.

Answer: B

If you accrue at period end, when you validate the invoice:

• The funds move from the obligation bucket to the expenditure bucket, so overall funds availability isn’t
impacted.
• The matched amount and any additional variances on the invoice are reserved as an expenditure and reduce
the available funds.
• The PO funds status is updated to Liquidated or Partially Liquidated
https://docs.oracle.com/cd/E60665_01/financialscs_gs/FAPPP.pdf (Page 115)

43. Your user forgot the password. How do you resolve this?

A. Use the Manage Users page to update the user's information and change the password.
B. Use Oracle Identity Management (O I M) to reset the user's password.
C. Log in to the user's machine as an Administrator and change the password from the login pa
D. Use Access Policy Manager (APM) to reset the user's password.
E. Create a new user ID and password for the user.

Answer: B

44.
Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a
purchase order for $1,000 USD, which is fully reserved and has one invoice for $600 USD. When the
purchase order is matched through the final match process, 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. Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of
$400 USD.
C. Only obligation type will have $400 USD funds available.
D. $400 USD will be added back to available funds
E. $400USD will be expired and not available for use.

Answer: D

45. You need to build a complex account rule. Which four value types can you use in your definition?

A. Value Set
B. Constant
C. Existing Account Rule
D. Account Combination
E. Mapping Set
F. Source

Answer: BCEF

http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F569960AN52F30.h
tm#F212668AN53A82

Account Combination Rules

Set up account combination rules based upon the following value types:

1. Source Value Type: Derive the account combination by specifying a source. Sources that have been set up
as accounts can be assigned to an account combination rule. Oracle Fusion Subledger Accounting then
obtains the code combination identifier from the source.
2. Constant Value Type: Establish the account as a constant value.

For example, the constant could be a completed account combination from the chart of accounts specified.
An example is the account combination, 01.000.2210.0000.000. This is the simplest way to derive an
account.

3. Mapping Set Value Type: Derive the account combination by referencing a mapping set. Set up a mapping
set to determine the complete account combination from the chart of accounts specified.
4. Account Rule Value Type: Derive the account by referencing another account rule.

The chart of accounts does not need to be specified when defining this type of rule. If the account rule has a
chart of accounts assigned, then all the related account rules must use the same or no chart of accounts.

Note

A chart of accounts must be specified for rules using constants.

46. After loading your budget data into Fusion General Ledger, you can view budget balances using these
feature.

Which feature does not belong on the list?

A. Application Development Framework Desktop Integration(ADFdi)
B. Account Inspector
C. Account Monitor
D. Smart View

Correct Answer: A

https://docs.oracle.com/cloud/farel9/financialscs_gs/FAIGL/F1453214AN389F2.htm

The following table lists your reporting needs and the solutions you can use in Oracle Fusion to meet those needs:

Reporting Need Solution

Boardroom ready financial statements with live drill Financial Reporting in the Financial Reporting Center
down to your source transactions

Exception based account monitoring with Account Monitor and Account Inspector in the Financial
multidimensional analysis and drill down capability Reporting Center and from the General Accounting
Dashboard

Spreadsheet financial reports with multidimensional Oracle Hyperion Smart View

analysis, pivoting, and drill down capability

High volume operational reporting with configurable Oracle Business Intelligence Publisher (BI Publisher)
templates

Ad hoc queries of transactions Oracle Transaction Business Intelligence (OTBI)

Key performance indicators (KPIs), metrics, and Oracle Business Intelligence Analytics (OBIA)
highly summarized queries from a data warehouse

Financial Reporting

In Oracle Fusion, the Financial Reporting Center provides inquiry and reporting through the Financial Reports
functionality and the Account Monitor. The Financial Reports functionality includes:

 Running live reports and books in various formats

 Published snapshot reports and books from previously defined and scheduled batches in various formats
  Creating embedded charts and graphs

 Refreshing report data using run time points of view or parameters

 Expanding or drilling down from any parent to the next parent or child level

 Expanding or drilling down from any child level to detail balances, journal lines, and subledger transactions

 Building multidimensional reports, with multiple hierarchies, using a client based tool, Oracle Hyperion
Financial Reporting Studio

 Distributing reports automatically across your organization using e-mail

 Storing reports in a repository folder structure, using various formats, including PDF, HTML, and
spreadsheets

Note

When patches are applied to the Business Intelligence (BI) domain, existing financial report definitions will be
removed. Backup the financial report definitions by exporting the reports, batches, or folders of reports and then
reimporting them after the patch has been applied.

Account Monitor and Account Inspector

With the financial reporting solution, you define tolerance rules in order to create self-monitoring accounts.
Tolerance rules can optionally be set using a criteria of a comparative measurement between two selected balances
for a balance increase or decrease that is above or below a percentage or constant amount. Only when the criteria is
met will the Account Monitor display the balance information for the account specified. The output from your rules
is displayed on the Financial Reporting Center and General Accounting Dashboard in a region called the Account
Monitor. Any accounts that exceed your tolerance limits are automatically displayed, and can therefore, eliminate
the surprise of account anomalies during your close process. With the Account Monitor:

 Automatically monitor your key accounts in real time on an exception or permanent basis
 Review both current and comparative balance, including comparisons with your budget numbers and across
different time frames, such as PTD, YTD, QTD, or same period last year

 Analyze change percentages based on your defined rules and thresholds to assess whether your balance
variances are favorable or unfavorable

 Define account groups and arrange accounts to be monitored on a regular basis into different account
groups to meet your business requirements

In addition, there is full integration with the online multidimensional analysis tool called the Account Inspector from
the Account Monitor. With the Account Inspector:

 Perform ad hoc multidimensional pivot table analysis

 Review charts based on the Account Monitor data

 Use drill down from the Account Monitor from any parent to the next parent or child level

 Perform drill down from any child level to detail balances, journal lines, and subledger transactions
Smart View

Smart View provides the ability to create and refresh spreadsheets to access real time account balance information.
Use Smart View to:

 Perform ad hoc multidimensional pivot analysis with full spreadsheet functionality

 Drill down from any parent to the next parent or child level

 Perform drill down from any child level to detail balances, journal lines, and subledger transactions

 Analyze actual, budget, and forecast information

 Increase visibility with charts and graphs

 Apply date effective hierarchies to past, present, or future hierarchies to change the financial data reported
in your financial reports. For example, to compare 2010 to 2011 results, realign the data in your 2010
reports by applying the 2011 organization hierarchy.

Oracle Fusion Business Intelligence Publisher (BI Publisher)

For frequent and high volume reports, BI Publisher provides:

 Report layouts using familiar desktop tools, such as Adobe Acrobat PDF, Microsoft Word, and Excel
 Ability to create one template to provide reports in up to 185 languages and 244 territorial dialects

 Reports published in various outputs such as Word, Excel, PDF, RTF, and HTML

 Scheduled reports for delivery to a wide range of destinations

Oracle Transaction Business Intelligence (OTBI)

OTBI is a reporting tool that provides embedded analytics. With OTBI there is no need to build and maintain
customized reports because it provides online inquiry for nearly every transactional object. OTBI also provides:

 Ability to perform ad hoc queries directly from transactional tables

 Drag and drop functionality to build the report layout, and immediately run the report to obtain real time
results

 Shared queries and reports using the Report Catalog, a reporting option used to view or save specific
definitions

Oracle Business Intelligence Analytics (OBIA)

OBIA in Oracle Fusion:

 Supports real time, ad hoc queries from a data warehouse

 Contains prebuilt key performance indicators (KPIs) and metrics that deliver information throughout all
levels of the organization

 Preaggregates data to summarize information across multiple data sources for faster queries
 s

ADFDI:
Use Oracle Application Development Framework (ADF) Desktop Integrator to enter, load, and correct budget data.
This functionality uses a new interface table called the GL_BUDGET_INTERFACE and requires the duty role,
Budget Entry Duty.
 47. What are the two
benefits of having the Essbase cube embedded in Fusion General Ledger?

A. General ledger balances are bg 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.
Answer: A,B

https://docs.oracle.com/cd/E37017_01/doc.1115/e22893/F479559AN10590.htm

Oracle Fusion General Ledger: Overview

Oracle Fusion General Ledger embeds Oracle Essbase technology to combine traditional general ledger
functionality with dimension based reporting functionality. At the time users set up their ledger and complete the
accounting configuration, the balances cube is created automatically. Later, if you make a change such as adding a
cost center or modifying a date effective hierarchy, the General Ledger uses simple maintenance routines to easily
update the dimensions. As transactions or journals are posted, the General Ledger automatically updates the
multidimensional cube. Unlike a data warehouse, no batch programs need to be run to populate the balances cube; it
happens when the journal is posted.

Oracle Fusion General Ledger also preaggregates balances at every possible summarization level across each
dimension of the chart of accounts and accounting periods for multiple date effective hierarchies, which accelerates
reporting and inquiry. Reports and analytics are refreshed immediately when an entry is made, without having to run
a process or program, because the balances are precalculated and aggregated in real time. Multidimensional analysis
is also instantaneous. Users can instantly view reports using different dimensions on the same data, and drill up,
down, and through on any parent level.

Intelligence and analytics are embedded within the context of business transactions, such as journal entries, to help
users to complete the transactions. For example, before users post a journal, the system indicates the impact the
journal will have on the account balances. This eliminates the need to navigate to a separate page to run a query or
run a report. End users are not distracted from the task at hand, reporting and process demand is reduced, and users
can make smarter decisions in the context of the transaction.

48. Your customer wants to secure their primary balancing segment values to prevent employeesof one
company from entering or viewing data of another company. You only need this for General Ledger
balances and reporting. What two security features should you use?

A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security
D. Balancing Segment Value Assignment to Legal Entities
Answer: A,C

Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

49.

Which two are prerequisites for creating subledger accounting entries?

A. Completing accounting transformation definition and activating Subledger Journal Entry Rule Set assignments for
the Accounting Method
B. Populating supporting reference information in reference objects
C. Selecting source values from transaction objects
D. Creating subledger accounting events
E. Completing pre accounting validation

Answer: B,E

50. 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

Answer: C

Once the audit is performed, the status of the tree version can be set to active.

51. When working with Essbase, versions of the tree hierarchy as defined in the Fusion not available in the
Essbase balances cube.

What should you do to correct this situation?

A. Make sure the tree version was published successfully.
B. Make sure to flatten the rows of the tree version.
C. Make sure the tree is active.
D. Redeploy the chart of accounts.

Answer: D

52. Which three objectives must be considered when designing the chart of accounts?

A. Try to use all 30 segments and 25 characters per segment because you cannot
change it later.
B. Limit the number of segments to those you need today to reduce data entry.
C. Anticipate growth and maintenance needs as organizational changes occur.
D. Consider implementing a single, global chart of accounts.
E. Effectively manage an organization’s financial business.

Answer: C,D,E

53.
Your company wants to change the Cumulative Translation Adjustment (СТА) account
to record gains/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data
corruption?
A. Define a new ledger and accounting configuration. The СТА account cannot be
updated after the ledger has been in use.
B. Query the Translation journals and delete all of them, then change the СТА account
in the Ledger page, and rerun Translation for all periods required.
C. Open the Ledgers page and update the СТА account and then rerun Translation for
all periods required. The system will automatically update the translated balances.
D. Purge all translated balances, change the СТА account in the Ledger page, and
rerun Translation for all periods required.

Correct Answer: C
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm
54. While troubleshooting the encumbrance entries created for the requisition for
your business unit, you noticed that only a few events are triggering the
encumbrance journals when you submit the create accounting program. What are the
two events?

A. Funds check
B. Requisition approved
C. Requisition rejected by the buyer
D. Submit the requisition for approval
E. Checkout and Save the requisition
F. Create change request on the requisition after submitting requisition for approval

Correct Answer: C, D

Section: (none)
Explanation
Explanation/Reference:
Reference: https://docs.oracle.com/cd/A60725_05/html/comnls/us/ap/finano04.htm

55.
You want to define an allocation rule where segment values are constants for rules
and formulas. What should you do?
A. Specify Run Time Prompts (RTP).
B. Always use the Outer Point of View (POV).
C. Never use the Outer Point of View (POV).
D. Only specify segment values in formulas.

Correct Answer: B

 While defining Allocation Rules, You define POV for constant values and RTP for variables

56.
You need to create a month-end reporting package for an upcoming Audit Committee
meeting. You have 10 financial reports that you will need to share with executives
and auditors.
In which three ways do you accomplish this?
A. Users can drill down on snapshot reports for further analysis.
B. Using Workspace, assemble multiple reports into a book.
C. Use a Report Batch to run reports at a specific time to create a set of snapshot
reports based on accounting information at that specific point in time.
D. The reports contained in the book can be printed or viewed individually or as an
entire book that includes a table of contents.
E. Snapshot reports can only be viewed online.
Correct Answer: ABC

57.
You are required to change today’s daily rates for converting GBP to USD.
What are three ways in which you can update existing daily rates?
A. Use the spreadsheet loader from the Currency Rates Manager.
B. Import daily rates through the Daily Rates open interface table.
C. Update rates manually using the Currency Rates Manager, which can be accessed
only from the Functional Setup Manager.
D. Update rates manually using the Currency Rates Manager, which can be accessed
from the Functional Setup Manager or the General Ledger’s Period Close
work area.
E. Edit existing transactions and update the rates manually.
Correct Answer: A, B, D

58.
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. Enter another adjusting journal entry in the target currency to true up the
balances.
B. Rerun Translation and then reconsolidate your results.
C. Rerun Revaluation and then rerun Translation.
D. Translate only the adjusting journal entry.
Correct Answer: B

59.
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 Intercompany periods in Fusion Intercompany.
D. Close the General Ledger period in the Manage Accounting Periods page.
Correct Answer: C

60.
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. There is no way to automate this process if the customer is not using Oracle
Hyperion Financial Close Management.
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. Use the General Ledger’s Calculation Manager to define an allocation definition to
eliminate entries that you can generate every period.
D. Create a manual journal that includes the eliminating entries, and then create a
copy of the journal batch every period.
Correct Answer: C
61.
You are creating financial statements and want to have charts, such as a bar graph,
automatically inserted to improve the understanding of the financial results.

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

B. When designing your financial statement using Financial Report (FR), embed a
chart into your report.
C. When viewing the report, download to Excel and use Excel’s Charting features to
create your bar graph.
D. Use Account Inspector that automatically creates graphs on financial balances.
Correct Answer: B

62.
You create a prepayment for USD 100 and validate it to consume the budget and
reduce available funds under the prepayment account. You then pay the prepayment
of USD 100, create an invoice for USD 300, and validate the invoice to consume the
budget and reduce available funds for the expense accounts used in the invoice. You
then apply the prepayment fully on to the invoice and revalidate it.
What happens to the available funds when you apply a prepayment that requires
budgetary control?

A. The prepayment application was already released at the time of payment and the
invoice consumes funds of 300 USD.
B. The prepayment application releases funds of 200 USD and the invoice consumes
funds of 100 USD, with a net decrease to available funds of 200 USD.
C. Available funds will not change till invoice is approved.
D. The prepayment application releases funds of 100 USD and the invoice consumes
funds of 300 USD, with a net decrease to available funds of 200 USD.
E. The prepayment application releases funds of 300 USD and the invoice consumes
funds of 300 USD, with a net decrease to available funds of 100 USD.
F. The budget will be released only for the USD 300 invoice amount.
Correct Answer: E

What happens to the available funds when I apply a prepayment that requires budgetary control?

Applying a prepayment to an invoice increases the available funds.

For example:

1. Create a prepayment for 100 USD.

2. Validate the prepayment to consume the budget and reduce available funds under the prepayment account.

3. Pay the prepayment.

4. Create an invoice for 300 USD.

5. Validate the invoice to consume the budget and reduce available funds from expense accounts used in the
invoice.
 6. Apply the prepayment to the invoice and revalidate, which releases funds of 100 USD from the prepayment
account.

In summary, the prepayment application releases funds of 100 USD and the invoice consumes funds of 300 USD,
with a net decrease to available funds of 200 USD.

https://docs.oracle.com/cloud/latest/financialscs_gs/FAPPP/FAPPP1011878.htm

63.
Your customer wants to use a clearing company to automatically balance
intercompany entries. Which three statements are true regarding the use of a
clearing company value?
A. Clearing companies are not supported.
B. If you map legal entities to balancing segment values, then a clearing company
can only be applied within a legal entity.
C. You must map legal entities to balancing segment values in order to use a clearing
company.
D. If you do not map legal entities to balancing segment values, then a clearing
company can be applied to any journal within the ledger.
E. If you choose to use a clearing company, you can define a default clearing
company value or select the clearing company value directly in the general ledger
journal.
Correct Answer: BDE

1z0- 408 76 questions:

Oracle.Certkiller.1z0-
408.v2015-04-04.by.Arlie.76q.pdf

What's the difference between subject areas that append the word "Real Time" and those that do not?

A. There is no difference.
B. The "Real Time" subject areas are based on real-time transactions and all others are based on
Historical data.
C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all
others are based on data stored in the Oracle Business Intelligence Applications data warehouse.
D. The "Real time" subject areas are based on sub ledger transactions and all others are based on
general ledger balances.
Answer: B

https://docs.oracle.com/cloud/latest/financialscs_gs/FAIGL/FAIGL1489230.htm