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. Aging Reports

B. Journals Reports

C. Account Analysis Reports

D. Journals Day Book Report

You are defining an income statement report using Financial Reporting Studio. Users of the report need to be able to analyze the balances directly from the report.

What should you enable to allow this?

A. Nothing. All report are drillable

B. Drill Through in Grid Properties

C. Drill Down in Report Functions

D. Allow Expansion in Report Functions

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

A. Create an Account Group using Account Monitor

B. Use Account Inspector

C. Open a Smart View file saved on your desktop

D. Perform an account analysis online

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 and funds available will increase 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 will increase by USD 100 and the funds available will decrease by USD 100

Your customer uses Financials Cloud, Projects, Inventory, and SCM.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

A. Intercompany balancing rules in General Ledger need to be mapped with the intercompany configuration in each product

B. Intercompany Balancing Rules are defined centrally and applied across Financials and Projects

C. Each product has its own Intercompany Accounting feature that needs to be configured separately

D. In Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger allocation journals and single-ledger journals

A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal reports under local GAAP, is about to configure their General Ledger.

Given the following:

Subledgers 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 ledger types should be configured to address this reporting requirement? (Choose two.)

A. a primary ledger with the local accounting convention

B. a reporting currency with the IFRS accounting convention

C. a primary ledger with the IFRS accounting convention

D. a secondary ledger with the IFRS accounting convention

E. a reporting currency with the local accounting convention

In Financials Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three)

A. Smart View

B. Financial Reporting Studio

C. Application Composer

D. Oracle Transactional Business Intelligence

E. Oracle Enterprise Repository

You want to define an allocation rule where segment values are constants for rules and formulas.

What should you do?

A. Use the Point of View (POV) tab of the Allocation Wizard

B. Only specify segment values in formulas

C. Never use the Outer Point of View (POV)

D. Specify Run Time Prompts (RTP)

You want to achieve multi-step cascading allocations, which feature do you use?

A. RuleSets

B. Formulas

C. Point of View (POV)

D. General Ledger journal entries

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. Define budgetary control at ledger level and only encumbrance controls at the business units.

B. While defining control for business unit two, enable control at Requisitioning and define the exceptions to only include invoicing.

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 Procurement, Expense Management, 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 control for business unit two to disable control for Requisitioning, Procurement, Expense Management, and Receiving.