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| Section | Weight | Objectives |
|---|---|---|
| Configuring Financial Reports | 15% | - Financial report and analysis creation
|
| Implementing and Managing Journals | 20% | - Key features and capabilities of journal processing - Journal configuration |
| Performing Period Close | 15% | - Period Close process overview - Period Close configuration |
| Implementing Ledgers | 15% | - Ledger configuration |
| Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Implementing Enterprise and Financial Reporting Structures | 15% | - Configuration of Financial Reporting Structures - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
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NEW QUESTION # 57
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,C,D
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 # 58
You are setting up Close Monitor and want to view high-level profit and loss results for each ledger.
What should you associate with the ledger set to achieve this?
Answer: C
Explanation:
To view high-level profit and loss results for each ledger in the Close Monitor, you need to associate a Financial Reporting Web Studio report with the ledger set. This report should be based on the General Ledger Balances cube and should include the Income Statement account group as a row dimension. The report should also have the ledger set as a point of view dimension and the period and currency as user prompts. This way, you can select the ledger set, period, and currency when you run the report from the Close Monitor and see the aggregated income statement results for each ledger and consolidation node in the ledger set hierarchy.Overview of Close Monitor,Using General Ledger,Close Monitor Issue
NEW QUESTION # 59
What describes a legal jurisdiction?
Answer: D
Explanation:
A legal jurisdiction is the territory or area where specific legislation applies. In Oracle Enterprise Structures, jurisdictions are defined so that legal entities, registrations, tax rules, and statutory reporting requirements can be associated with the correct legal framework. A jurisdiction can apply to a broad territory, such as a group of countries, or to a single country, state, county, or parish. Option B describes a legal authority, which is the body that has the power to make laws and levy or collect taxes.
Option C describes a legal entity, which is a recognized party with legal rights and responsibilities.
Therefore, the correct description of legal jurisdiction is the legislation-applicable territory. Oracle documentation defines jurisdictions as physical territories where legislation applies.
NEW QUESTION # 60
You are using theCreate Budgets in a Spreadsheetoption toload your budget balancesinto theGL balances cube. YourFYXX Budgetis not appearing in theBudget Namelist of values.
Which two are the reasons for this?
Answer: A,C
NEW QUESTION # 61
Which two can you use to import geographical data?
Answer: A,B
NEW QUESTION # 62
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