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| Section | Weight | Objectives |
|---|---|---|
| Period Close and Financial Reporting | 20% | - Financial Reporting
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Enterprise Structures
|
| Intercompany Accounting | 15% | - Configure Intercompany
|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
1. What are two uses of the Column Flattening and Row Flattening features? (Choose two.)
A) View information for runtime performance.
B) Set the status of a tree to active.
C) Create additional versions of a tree.
D) Optimize parent/child relationships.
E) Verify correctness of trees.
2. Which delivered role can access the full functionality of Functional Setup Manager?
A) Application Implementation Manager
B) Functional Setup Manager Superuser
C) Any functional user
D) Application Implementation Consultant
E) IT Security Manager
3. A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?
A) Account Groups
B) Smart Queries
C) Smart Slices
D) Query Designer
4. Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of
100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?
A) There is no unrealized exchange gain or loss calculated.
B) You have an unrealized exchange gain recorded.
C) The original journal entry in Euros remains the same.
D) The original journal entry in Euros is updated.
E) You have an unrealized exchange loss recorded.
5. Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
A) There is no unrealized exchange gain or loss calculated.
B) You have an unrealized exchange gain recorded.
C) The original journal entry in Euros remains the same.
D) The original journal entry in Euros is updated.
E) You have an unrealized exchange loss recorded.
Solutions:
| Question # 1 Answer: B,E | Question # 2 Answer: A | Question # 3 Answer: D | Question # 4 Answer: C,E | Question # 5 Answer: B,E |
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