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Q211. XYZ Corp. has operations in the U.S. and Canada. Within Canada, it has two separate Divisions due to Statutory requirements: one in Quebec and another in Ontario. How would you define the organization structure for XYZ Corp. from the information given above?
A. Two Ledgers, two Legal Entities, and two Operating Units
B. Two Ledgers, two Legal Entities, and three Operating Units
C. Two Ledgers, three Legal Entities, and two Operating Units
D. Two Ledgers, three Legal Entities, and three Operating Units
E. Three Ledgers, three Legal Entities, and three Operating Units
Answer: D
Q212. Revenue accounts can be viewed only by the head of the Finance team, who has a GL Superuser responsibility. She has successfully created a standard Profit and Loss statement for the company. Another member of the department with a General Ledger Supervisor responsibility has been asked to run the standard Profit and Loss statement for Feb-06. The report shows only the expenses accounts. Which two steps should she perform so that the Profit and Loss statement will run successfully? (Choose two.)
A. Ask to have security removed from her responsibility.
B. Ask to have the profile option FSG: Enforce Segment Value Security changed to No.
C. Recreate the Profit and Loss under her own responsibility.
D. Perform an on-line inquiry to get the revenue balances.
Answer: AB
Q213. ABC Corp. has the following Organization Structure:
1) Legal Entity: A
2) Operating Units: B and C
3) Balancing Entities: 10, 20, and 30
Identify three correct statements regarding the Balancing Entity. (Choose three.)
A. Each Balancing Entity must balance within itself.
B. There can be multiple Balancing Entities within an Operating Unit.
C. Balancing Entity is the lowest postable unit in the Chart of Accounts.
D. Balancing Entities can be automatically secured at the Legal Entity level.
E. Balancing Entities can be secured at the Operating Unit level through Security Rules.
Answer: ABE
Q214. The head office of ABCCorporation is at New York, and it has a branch in Tokyo. Their ledgers have the same chart of accounts and calendar. The New York ledger uses USD, whereas the Tokyo ledger uses JPY as the functional currency. ABC Corporation has a requirement that all its branch transactions-subledger journals, General Ledger journal entries, and balances at Tokyo will have to be routinely reported in USD to New York. As an implementation consultant, which reporting currency conversion would you suggest for ABC Corporation?
A. Balance-level reporting currency only
B. Subledger-level reporting currency only
C. Both journal-level and balance-level reporting currency
D. Both subledger-level and balance-level reporting currency
Answer: B
Q215. What two types of access do you need to be able to run year-end closing journals for all legal entities? (Choose two.)
A. Read-only access to the ledgers
B. Full ledger data access set type that provides read and write access to the ledger
C. Read and write access to some of its balancing segment values and management segment values
D. The balancing segment value data access set type that provides read and write access to all balancing segment values for a ledger by selecting the all values check box
Answer: BD
Q216. Company ABC wants to distribute the system administration tasks to local administrators. Select the two access control layers needed to accomplish this requirement. (Choose two.)
A. Data Security
B. Functional Security
C. Registration Processes
D. Delegated Administration
E. Self Service and Approvals
F. Role-Based Access Control
Answer: DF
Q217. A clerk from ABC Inc., receives a customer receipt that does not have sufficient information to identify the customer or invoice. Which is the correct method of entering the receipt in Oracle Accounts Receivable?
A. Enter the receipt as an unapplied receipt.
B. Enter the receipt as an unidentified receipt.
C. Enter the receipt as an on-account receipt.
D. Enter the receipt as a miscellaneous receipt.
E. Enter the receipt by applying it to a dummy customer account.
Answer: B
Q218. Event Types in Subledger Accounting is a grouping of _____.
A. Events
B. Accounts
C. Event Models
D. Event Entities E. Event Classes
Answer: E
Q219. Select two statements that are correct for the secondary tracking segment. (Choose two.)
A. Only the natural account segment or the balancing segment can be specified as the secondary tracking segment.
B. Any segment that is specified as the secondary tracking segment also must be specified as the management segment.
C. Any segment, except the natural account segment or the balancing segment, can be specified as the secondary tracking segment.
D. This segment will be paired with the balancing segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
E. This segment will be paired with the natural account segment when generating account balances for retained earnings account, unrealized gains or losses account, and the cumulative translation adjustment account.
Answer: CD
Q220. Oracle General Ledger provides a variety of ways to get information from reports and queries. What can you do using standard reports that you cannot do using on-line queries? (Choose all that apply.)
A. group reports into report sets
B. review T-Accounts
C. view non-financial information
Answer: AC