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

A. Delete the journal and create a new journal.

B. Update the journal through workflow

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

D. Reverse the journaland create a new one.

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.

E. The purchase order is Open and the invoice is validated.

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 preaccounting validation

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 Cham Management.

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.

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.

Which two General Ledger work would you assign to all your entry-level General Ledger accountants?

A. Journals Work Area

B. Period Close Work Area

C. Financial Reporting Center

D. General Accounting Dashboard

You need to distribute departmental expense reports to l00 department managers in your organization. The report format is the same, but the department values differ.

What in 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.

Your customer has many eliminating entries to eliminate intercompany balances. The General Ledge 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 spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every period.

B. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate 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.

You already ran Translation, but a last-minute adjusting journal entry in your ledger currency was entered after you consolidated your results.

What does Oracle consider best 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 result

D. Enter another adjusting journal entry in the currency to true up the balances.