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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 2: Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 3: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 4: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 5: Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Topic 6: Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Topic 7: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 8: Configuring Financial Reports | 15% | - Financial reporting options - Financial report and analysis creation
|
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NEW QUESTION # 26
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?
Answer: B
Explanation:
According to Oracle documentation3, Oracle's recommended method to define a chart of accounts that includes an intercompany segment when your customer plans to use segment value security rules for the Company segment is to share the same value set for the company and intercompany segments. Sharing the same value set enables you to use segment value security rules for both segments and ensures that the values in both segments are consistent. Therefore, option B is correct. Option A is incorrect because defining the intercompany segment with a default value does not enable segment value security rules for the intercompany segment. Option C is incorrect because defining the company segment and assigning both the primary balancing segment and intercompany segment labels does not enable segment value security rules for the intercompany segment. Option D is incorrect because creating two different value sets for the company and intercompany segments does not ensure that the values in both segments are consistent.
NEW QUESTION # 27
You need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in.
What format should you choose?
Answer: D
Explanation:
According to Oracle documentation3, when you need to set up a calendar for the year Apr-XX to Mar-YY where YY is the following year, and you would like the periods to be named according to the year they fall in, you should choose Fiscal Year as the format. A Fiscal Year format enables you to define periods based on fiscal years that span two calendar years. Therefore, option A is correct. Option B is incorrect because a Calendar Year format defines periods based on calendar years that start on January 1st and end on December 31st. Option C is incorrect because a Period format defines periods based on any number of days or weeks. Option D is incorrect because a Year format defines periods based on calendar years that start on any month other than January and end on any month other than December.
NEW QUESTION # 28
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: A
NEW QUESTION # 29
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
Answer: A,B,C
Explanation:
The three labels that are required when designing the chart of account structure for this project are Primary Balancing, Cost center, and Natural Account. A chart of account structure is composed of segments that represent different dimensions of accounting information, such as company, department, account, or project. Each segment has a label that indicates its function or purpose within the chart of accounts. The Primary Balancing label is required for the segment that identifies the legal entity or business unit for which financial statements are prepared and balanced. The Cost center label is required for the segment that identifies the organizational unit or function that incurs expenses or generates revenues. The Natural Account label is required for the segment that identifies the nature of an account, such as asset, liability, revenue, or expense. The Intercompany Segment label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies intercompany transactions between different legal entities or business units within the same enterprise. The Secondary Balancing label is not required when designing the chart of account structure for this project, as this is an optional label for the segment that identifies an additional balancing dimension other than the primary balancing segment, such as fund or region.Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Chart of Accounts12
NEW QUESTION # 30
You need to have invoices generated for certain intercompany transactions.
Where do you enable invoicing?
Answer: A
NEW QUESTION # 31
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