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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 2: Configuring Financial Reports | 15% | - Financial reporting options - Financial report and analysis creation
|
| Topic 3: Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 4: Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Topic 5: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 6: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 7: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 8: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
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NEW QUESTION # 63
You have enabled the ledger option "Limit a journal to a single currency." However, users are reporting that they can enter more than one currency when using the Create Journal task.
How would you resolve this issue?
Answer: A
Explanation:
The ledger option alone does not enforce the single-currency restriction for every journal source automatically. Oracle General Ledger applies this restriction at the journal source level. Since users are creating journals manually through the Create Journal task, the relevant source is the Manual journal source. Therefore, to stop users from entering multiple currencies in a manually created journal, the Limit Journal to the Single Currency option must be enabled for the Manual source. The category is not the controlling setup point, and the restriction is not enabled by currency value. Oracle documentation explains that single-currency enforcement is configured by journal source, and applicable journal sources must have the option enabled for the restriction to apply.
NEW QUESTION # 64
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
Answer: B,E
NEW QUESTION # 65
Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?
Answer: B
NEW QUESTION # 66
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and 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 fulfill this reporting requirement?
Answer: A,E
Explanation:
A primary ledger is the main ledger for a legal entity or business unit that records all accounting transactions and maintains the accounting balances. A secondary ledger is an optional ledger that is associated with a primary ledger and maintains accounting balances in a different accounting representation. A reporting currency is an optional currency that is associated with a primary ledger and maintains accounting balances in a different currency. In this scenario, the subsidiary company needs to produce fiscal reports under local GAAP and local currency, as well as report to the parent company using IFRS and not local currency.
Therefore, the subsidiary company should configure a primary ledger with the local accounting convention and local currency, and a secondary ledger with the IFRS accounting convention and not local currency. A reporting currency with the local accounting convention or the IFRS accounting convention would not meet the requirement, as it would only maintain balances in a different currency, not a different accounting representation. A primary ledger with the IFRS accounting convention would not meet the requirement, as it would not comply with the local GAAP. References:
Oracle Financials Cloud Implementing Enterprise Structures and General Ledger, Chapter 2: Ledgers, Primary Ledgers, Secondary Ledgers, and Reporting Currencies Oracle Financials Cloud Using General Ledger, Chapter 1: Introduction, Ledgers and Subledgers, Primary Ledgers, Secondary Ledgers, and Reporting Currencies
NEW QUESTION # 67
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
Answer: E
Explanation:
The adjustment only level is the data conversion level that ensures only manual journals will be entered in the secondary ledger. This level means that no data is copied from the primary ledger to the secondary ledger automatically. Instead, the user can enter manual adjustments in the secondary ledger to reflect the differences between the two accounting standards. This level is suitable for scenarios where the accounting methods or charts of accounts are very close between the primary and secondary ledgers, and there is no need to maintain detailed journals or subledger transactions in the secondary ledger. References: Primary Ledgers, Secondary Ledgers, and Reporting Currencies, High Volume Data Migration Considerations for General Ledger, Reporting Currencies - Conversion Level Balance
NEW QUESTION # 68
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