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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Implementing Enterprise and Financial Reporting Structures | 15% | - Key features and capabilities of Enterprise and Financial Reporting Structures
|
| Topic 2: Implementing Ledgers | 15% | - Ledger configuration |
| Topic 3: Enabling Redwood Capabilities | 2% | - Enable Redwood capabilities and understand configuration impacts |
| Topic 4: Processing Intercompany | 15% | - Intercompany transaction processing and reconciliation - Intercompany transaction configuration |
| Topic 5: Performing Period Close | 15% | - Period Close configuration - Period Close process overview |
| Topic 6: Implementing and Managing Journals | 20% | - Journal configuration - Key features and capabilities of journal processing |
| Topic 7: Leveraging AI/ML/Mobile and Automation Features | 3% | - Use AI/ML/mobile and automation features for process efficiency |
| Topic 8: Configuring Financial Reports | 15% | - Financial report and analysis creation
|
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NEW QUESTION # 68
Which two are valid Data Access Set types? (Choose two.)
Answer: B,D
Explanation:
The two valid Data Access Set types are Full access and Read Only access. A Data Access Set is a security feature that defines the access level that users have to ledger data, such as balances, budgets, or journals. A Data Access Set type is an attribute that determines the type of access that users have to ledger data within a Data Access Set. The two valid Data Access Set types are Full access and Read Only access. Full access allows users to view and enter data for ledger data within a Data Access Set. Read Only access allows users to view but not enter data for ledger data within a Data Access Set. Full Ledger is not a valid Data Access Set type, but an option that determines whether a Data Access Set grants access to all balancing segment values in a ledger or only specific balancing segment values. Primary Balancing Segment Value is not a valid Data Access Set type, but an attribute that identifies the legal entity or business unit for which financial statements are prepared and balanced. Read and Write access is not a valid Data Access Set type, but an alternative term for Full access. Reference: Oracle Financials Cloud: General Ledger 2022 Implementation Professional Objectives - Define Ledgers 12
NEW QUESTION # 69
You want to create an Ad Hoc Analysis in Smart View; you enter the following dimensions for the report and click Refresh in the POV.
You get #Missing instead of a balance. What value did you not specify, which resulted in this?
Answer: A
NEW QUESTION # 70
What is the key function of currency translation?
Answer: B
Explanation:
Currency translation is used to restate ledger-currency balances into another currency for reporting, consolidation, or management reporting. In Oracle General Ledger, translation is commonly used when a subsidiary maintains its functional currency but the parent company requires financial statements in a different reporting or consolidated currency. This is different from revaluation, which adjusts foreign-currency-denominated account balances using current rates and records unrealized gains or losses. It is also different from transaction conversion, which converts individual transactions into the ledger currency at transaction time. Translation operates on account balances, not individual source transactions. Oracle documentation describes translation as restating actual account balances from the ledger currency to a reporting currency using translation processes and rates.
NEW QUESTION # 71
Which two statements are true about balances cubes in General Ledger?
Answer: B,C
Explanation:
Balances cubes are multidimensional databases that store financial balances for interactive reporting and analysis. A balances cube is created for each unique combination of ledger and currency, and it contains dimensions such as chart of accounts segments, periods, scenarios, and other user-defined attributes. New dimensions can be added to a balances cube by using the Manage Balances Cube Dimensions task in General Ledger. Balances cubes are updated automatically when journals are posted in General Ledger, and they can also be refreshed manually by using the Refresh Balances Cube task. Balances cubes are not affected by the Translation or Revaluation processes, as these processes only update the balances tables in General Ledger. References:
Overview of Oracle General Ledger Balances Cubes1
Considerations for General Ledger Balances Cubes2
Overview of Oracle Essbase Balances Cubes3
NEW QUESTION # 72
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
Answer: B
Explanation:
You should define the default intercompany balancing rule at the legal entity level, because each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value. This way, you can specify the intercompany receivables and payables accounts for each legal entity and ensure that the journals are balanced by legal entity or primary balancing segment values. A ledger-level rule would apply to all legal entities in the ledger, which may not be appropriate if they have different intercompany accounts. A primary balancing segment rule would apply to all ledgers that share the same chart of accounts, which may not be desirable if they have different intercompany rules. A chart of accounts rule would apply to all ledgers and legal entities that use the same chart of accounts, which may not be feasible if they have different intercompany segments or accounts.Reference:
Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules Overview of Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules Troubleshooting Guide For Intercompany Balancing, Section: 1. Journals and subledger accounting entries are not being balanced for intercompany activity Implement General Ledger, Section: Intercompany Balancing
NEW QUESTION # 73
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