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| Section | Objectives |
|---|---|
| General Ledger Configuration | - Accounting configuration
|
| Journal Processing | - Journal creation and management
|
| Advanced Financials Features | - Allocations and automation
|
| Security and Integration | - Integration with subledgers
|
| Accounting and Close Processes | - Period close activities
|
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NEW QUESTION # 62
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?
Answer: D
Explanation:
Geography validation is a feature that enables you to validate the address information entered for a location against the geography hierarchy defined for a country. You can set the Geography Validation for Country option to one of the following values:
No Validation: No validation is performed on the address information.
Warning: A warning message is displayed if the address information does not match the geography hierarchy, but the user can still save the address.
Error: An error message is displayed if the address information does not match the geography hierarchy, and the user cannot save the address until the error is corrected. To ensure that only valid addresses are entered in the system, you should set the Geography Validation for Country option to Error. This will prevent users from saving erroneous address data and enforce data quality and accuracy. References:
Oracle Financials Cloud: Enterprise Structures with General Ledger Implementation, Chapter 2: Define Geographies, Section: Geography Validation Oracle Financials Cloud: Implementing Enterprise Structures and General Ledger, Chapter 2: Define Geographies, Section: Geography Validation
NEW QUESTION # 63
You want toprevent intercompany transactionsfrom being entered during thelast day of the close. What should you do?
Answer: B
NEW QUESTION # 64
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: D
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 # 65
Budgetary control for accounts 5020 and 5021 has a budget of $90,000 USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each.
A Fund of $50,000 USD is available for account 5020 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013.
Which statement is true?
Answer: C
NEW QUESTION # 66
You are creating a journal approval rule and need to assign the approval to multiple controllers in parallel.
Which assignee type should you use?
Answer: C
Explanation:
When multiple approvers must receive and act on an approval at the same time, the correct assignee type is Parallel. Parallel approval routing sends approval notifications concurrently to the selected approvers, which is suitable when multiple controllers must review the same journal without waiting for each other in sequence. Serial routing would send the approval to one approver after another, delaying the process and creating a dependency between approvers. Single would route to one assignee only and therefore would not meet the requirement for multiple controllers. FYI is informational and does not require approval action. Because the requirement explicitly says multiple controllers must approve in parallel, the assignee type must be Parallel.
NEW QUESTION # 67
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