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NEW QUESTION NO: 6
Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They use intercompany entries.
What is Oracle's recommended best practice when implementing; a new chart of accounts? How many segments and what segment qualifiers should be used?
A. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively.
B. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.
C. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively
D. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively.
Answer: A

NEW QUESTION NO: 7
Your customer wants to secure their primary balancing segment values to prevent employees of one company from entering or viewing data of another company. You only need this for General Ledger balances and reporting.
What two security features should you use?
A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security
D. Balancing Segment Value Assignment to Legal Entities
Answer: A,C
Explanation/Reference:
Explanation:
https://docs.oracle.com/cd/E18727_01/doc.121/e13620/T450006T450009.htm

NEW QUESTION NO: 8
You are implementing Segment Value Security rules. Which two statements are true?
A. You can use hierarchies to define rules.
B. The Segment Value Security rules do not take effect until you assign the rules to users and products.
C. When you enable Segment Value Security on a segment, users will not be able to access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy your chart of accounts.
Answer: A,C
Explanation/Reference:
Explanation:
https://docs.oracle.com/cloud/farel8/financialscs_gs/FACSF/F1004387AN145CC.htm

NEW QUESTION NO: 9
Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?
A. Reference Data Sets
B. Business Units functions
C. None. Setup data is partitioned by Business Unit and must be defined separately per Business Unit.
D. Data Access Sets
Answer: A
Explanation/Reference:
Reference: https://docs.oracle.com/cloud/farel9/financialscs_gs/FAFCF/F1475837AN14CEF.htm

NEW QUESTION NO: 10
Your customer is closing their period and they are using Fusion Intercompany to create physical invoices in Fusion Payables and Receivables.
What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and Fusion General Ledger?
A. Close Fusion Payables and Receivables periods, close the related intercompany period, and then close the Fusion General Ledger's period.
B. You only need to close Fusion Payables and Receivables periods followed by the Fusion GeneralLedger's period.
C. Close the related intercompany period, close Fusion Payables and Receivables periods, and then Fusion General Ledger.
D. Close Fusion Payables and Receivables periods, close Fusion General Ledger, and then close the related intercompany period
Answer: C

NEW QUESTION NO: 11
Your company wants to change the Cumulative Translation Adjustment (CTA) account to record gains/ losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
A. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
B. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.
C. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
D. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
Answer: A
Explanation/Reference:
Explanation:
To avoid data corruption, your cumulative adjustment account (CTA) can only be changed if you first perform the following set of steps:
Purge all translated balances

Change the CTA account

Rerun translation

Reference: http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm

NEW QUESTION NO: 12
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
A. Close Intercompany periods in Fusion Intercompany.
B. Close the General Ledger period in the Manage Accounting Periods page.
C. Close all subledger periods.
D. Freeze the Intercompany Journal source in General Ledger.
Answer: A

NEW QUESTION NO: 13
Your customer is reconciling their Intercompany Receivables accounts.
Which two reports should they use in addition to using the intercompany Reconciliation report?
A. General Ledger Trial Balance report
B. AR Aging report
C. Receivables to General Ledger Reconciliation report
D. Receivables Aging by General Ledger Account report
Answer: C

NEW QUESTION NO: 14
Your new accountants have been making mistakes in reconciling accounts assigned to them. Your balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation.
What feature can you use to be proactively notified of account anomalies in a more timely manner?
A. Smart View
B. Financial Reports with Embedded charts
C. Account Inspector and its charts
D. Account Monitor
Answer: A

NEW QUESTION NO: 15
You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
A. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).
B. The tree should have at least two tree versions to reduce report and allocation maintenance.
C. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes.
D. It is fine to have the same child value roll up to two or more different parent values.
E. You need to flatten the rows to be able to use drilldown in Smart View and you must publish tree to view the hierarchy in Essbase cubes.
Answer: B,C,D

NEW QUESTION NO: 16
Your customer has only licensed Fusion Financials and wants to use approval workflows.
Using which page to enter users and assign roles does Oracle consider best practice?
A. Hire a New Ernployee
B. Policy Manager (APM)
C. Financials not a stand-alone product
D. Manage Users
E. Oracle Identity Management (OIM)
Answer: E