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Q341. Select two statements that apply to the consolidation. (Choose two.) 

A. Transactions entered in any subsidiaries by using any calendar can be consolidated. 

B. Data from any source can be consolidated as long as it is available on Oracle databases. 

C. Only transactions entered in the functional currency of the parent ledger can be consolidated. 

D. Transactions entered in any currency irrespective of the functional currency of the parent ledger can be consolidated. 

E. Only transactions entered in any currency other than the functional currency of the parent ledger can be consolidated. 

Answer: AD


Q342. Identify two features of Content Sets when creating reports using Financial Statement Generator (FSG)? (Choose two.) 

A. They cannot be added at the time an FSG is run. 

B. They are required for profit and loss statements. 

C. They provide the ability to override row set definition. 

D. They provide the ability to add calculations. 

E. They enable the generation of multiple similar reports in a single run. 

Answer: CE


Q343. Your client wants the ability to report with Financial Statements Generator (FSG) and perform account inquiry at the summary (business unit) level of its Cost Center segment. A business unit is a group of cost centers and a business unit manager typically has several cost centers under his or her responsibility. Which option will meet the client's requirements? 

A. Define parent cost centers and a hierarchy of parent-child cost centers. Define Summary Accounts for the parent cost centers. Create FSG based on the parent cost center values or Summary Accounts. 

B. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the Rollup Groups. 

C. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers, and Summary Accounts. Create FSG based on the parent cost center values or Summary Accounts. 

D. Define parent cost centers and a hierarchy of parent-child cost centers. Create Summary Accounts based on the parent cost centers. Create FSG based on the parent cost center values. 

E. Define parent cost centers and a hierarchy of parent-child cost centers. Define Rollup Groups for the parent cost centers. Create FSG based on the parent cost center values. 

Answer: C


Q344. Select three statements that are applicable for Subledger Accounting. (Choose three.) 

A. Subledger Accounting posts journals from Subledgers. 

B. Subledger Accounting enables the client to make online inquiries. 

C. Subledger Accounting enables the client to keep detailed accounting entries. 

D. Subledger Accounting maintains accounting information for Payables and Receivables. 

E. Subledger Accounting enables the client to set up rules for deriving chart of accounts code combination. 

Answer: BCE


Q345. Tina is entering a receipt and she determines that a short payment on a customer's invoice should be considered an invoice deduction. Tina applies the cash to the customer's open invoice, thereby triggering receivables to create a claim in Trade Management. After Tina saves her work, Receivables _____. 

A. Partially applies balance to customer invoice and places the full invoice amount in dispute 

B. Fully applies customer invoice, thereby creating a chargeback for the remaining invoice Balance 

C. Fully applies customer invoice, thereby creating a debit memo for the remaining invoice balance 

D. Partially applies balance to customer invoice and places the remaining invoice balance in dispute 

Answer: D


Q346. To set up Offset Tax under the Tax Configuration tab, which Tax Configuration tab must you select to locate and enable "Set as Offset Tax"? 

A. taxes 

B. tax rules 

C. tax rates 

D. tax statuses 

E. tax regimes 

Answer: A


Q347. Identify two correct statements about the transaction flexfields for the Receivables AutoInvoice interface tables. (Choose two.) 

A. Link-to transaction flexfields are used to associate a specific tax line with a specific transaction line. 

B. Reference transaction flexfields are used to associate a specific tax line with a specific transaction line. 

C. Link-to transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment. 

D. Reference transaction flexfields are used to apply a credit memo to an invoice or associate an invoice with a specific commitment. 

Answer: AD


Q348. A client has a requirement to allocate the rent and other expenses to all the departments based on the formula defined in GL Mass Allocation. Mario, the GL accountant, comes to you and asks whether the Mass Allocation program checks cross-validation rules, because this checking would help to prevent the creation of invalid accounts. What is your response? 

A. Whether or not the program checks cross-validation rules depends on the formula. 

B. Allow Dynamic Insert must not be enabled, and then the program can check cross-validation rules. 

C. You can customize the workflow, to enable the program to check cross-validation rules. 

D. The program does NOT check cross-validation rules. 

Answer: D


Q349. Identify two correct statements about the consolidation feature of Oracle General Ledger. (Choose two.) 

A. Both budget and actual balances can be consolidated. 

B. Consolidation is possible only when the subsidiaries use multiple Oracle application instances. 

C. You can consolidate balances only when there are separate ledgers for different companies. 

D. You can maintain multiple companies with similar or different accounting structures and consolidate their results for meaningful financial reporting. 

Answer: AD


Q350. Identify four components that are part of the Oracle Application Technology Layer. (Choose four.) 

A. OA Framework 

B. Common Modules 

C. Application Utilities 

D. Application Object Library 

E. Application Responsibilities 

F. Application System Administration 

Answer: ABCD