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| Section | Objectives |
|---|---|
| Topic 1: General Ledger Configuration | - Accounting calendar and currency setup - Ledger setup and accounting configuration - Chart of Accounts structure and segments |
| Topic 2: Financial Reporting | - Financial Statement Generator (FSG) and reporting tools - Real-time reporting and analytics |
| Topic 3: Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
| Topic 4: Journal Processing | - Recurring journals and allocations - Journal import and automation - Journal creation and approval workflows |
| Topic 5: Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
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NEW QUESTION # 110
You are using account hierarchies for reporting and allocations.
Which two statements are true about these types of hierarchies? (Choose two.)
Answer: B,D
Explanation:
According to the Oracle documentation34, account hierarchies are defined in Oracle Fusion applications using tree functionality. Each account hierarchy is defined as a tree with one or more versions. You can have only one version of a hierarchy published to the Essbase cube at any time (option A). Child values in these hierarchies can belong to only one parent (option D).Option B is incorrect becausehierarchies for reporting and allocations must be published to Essbase cubes5. Option C is incorrect because it contradicts option B.
NEW QUESTION # 111
What is the key function of currency revaluation?
Answer: A
NEW QUESTION # 112
You have decided to use the Journal Attachments Audit feature to monitor and adhere to compliance policies.
Journals created from which mode are eligible for auditing?
Answer: C
Explanation:
The Journal Attachments Audit feature is intended to monitor journal attachments that are added through the journal user interface. This control is compliance-focused because journal preparers and approvers often attach supporting evidence, backup schedules, approval documents, or audit justification directly while creating or editing journals online. FBDI, ADFdi, and Journal Import are primarily data-load or integration methods for journal creation and are not the eligible source mode for this specific attachment audit behavior. The key point is that the audit feature is scoped to journals where attachments are maintained interactively in the UI. Therefore, the correct answer is journals created in the user interface. This is the only option that aligns with the functional purpose of Journal Attachments Audit in General Ledger compliance monitoring.
NEW QUESTION # 113
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 # 114
Which two data conversion levels are compatible with the Opening Balance Initialization feature for new reporting or secondary ledgers?
Answer: C,D
Explanation:
Opening Balance Initialization is intended for scenarios where a new reporting currency or secondary ledger must begin with initialized balances rather than full transactional history. The feature is compatible with balance-oriented implementations because the objective is to establish beginning balances in the target ledger or reporting currency. Therefore, Balance level is compatible. Adjustment only level is also compatible because the secondary ledger is maintained through manual or adjustment entries rather than a full automatic transaction copy. Subledger level and Journal level involve detailed accounting transfer from the primary ledger or subledgers, which is not the purpose of opening balance initialization. Currency level is not a valid secondary ledger data conversion level in this context. This matches Oracle's ledger architecture for thin secondary ledgers and balance-based reporting currencies.
NEW QUESTION # 115
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