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Q141. Identify the sequence of the steps that are required for performing the accounting setup from this list.
1. Define accounting options.
2. Define primary ledger.
3. Define legal entities.
4. Assign legal entities to accounting setup.
5. Complete accounting setup.
6. Define secondary ledgers.
A. 1, 2, 3, 4, 5, 6
B. 3, 4, 2, 6, 1, 5
C. 3, 4, 2, 6, 5, 1
D. 1, 3, 2, 4, 5, 6
Q142. To review available Financial Statement Generator elements, which two reports would be helpful? (Choose two.)
A. Column Set Detail Listing, Report Detail Listing
B. Content Set Detail Listing, Report Set Detail Listing
C. Column Set Summary Listing, Row Set Detail Listing
D. Content Set Detail listing, Chart of Accounts - Rollup Detail Listing
Q143. Jack, the CFO of ABC Company, wants to prepare the annual capital expenditure budget for the current year where the company plans to grow in the last quarter of the year. The capital expenditure budget is subdivided in multiple items, and the corporate calendar used at ABC Company has thirteen periods. Identify the three budget rules that Jack must use to minimize the effort. (Choose three.)
A. Use the divide evenly rule with the 4/4/4 spread.
B. Use the divide evenly rule with the 4/5/4 spread.
C. Use the divide evenly rule with the 5/4/4 spread.
D. Use the divide evenly rule with the 4/4/5 spread.
Q144. A General Ledger user at ABC.com opens the account inquiry screen, chooses a line item, and wants to drill down to Sub-ledger and find out more details about an Accounts Payable invoice. The user is unable to drill down. What is the likely explanation for this? (Choose two.)
A. Drilldown was option not added to responsibility.
B. Journal source was not set up to import references.
C. Journal entry was not posted.
D. Journal category was improperly setup.
E. Journal import was not done.
Q145. When you change a summary account template funds check level from None to Advisory or Absolute, you need to _____.
A. delete the original template and then recreate it for the appropriate funds check level
B. change the time period on the template to Earliest Period to identify the begin date of the new funds check level
C. do nothing else; no additional work is needed
D. complete the required data on the template for the new funds check level
Q146. Scott is implementing Oracle General Ledger for ABC Corporation. He needs help as he creates the accounting setup. Which two are true for the creation of the accounting setup? (Choose two.)
A. Assigning legal entities to accounting setups is compulsory.
B. After the subledger accounting method is assigned, it cannot be changed.
C. Before completing the accounting setup, secondary ledgers and currency can be deleted.
D. A calendar cannot be assigned if it contains gaps between periods or it does not have a full fiscal year defined.
Q147. ABC.com is a U.S.-based company with business operations in North America and Europe. It has existing Oracle GL sets of books in its single global instance. All sets of books use a global chart of accounts and a common accounting calendar.
It just expanded its business to Australia and acquired two new companies with the same year end as ABC.com. It wants to be able to include the new companies in existing financial reports created with Financial Statements Generator (FSG).
How can it easily integrate the two new companies into its existing GL with minimal effort?
A. Define the new company values, enable AUD currency and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the two new sets of books into their existing consolidation set of books.
B. Define two new company values, define a new AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set of books.
C. Define two new company values, enable AUD currency, and define a new set of books. Translate AUD to USD and include the two new companies for FSG reports in USD.
D. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD for FSG reports in USD. Consolidate the new sets of books into its existing consolidation set of books.
E. Define two new company values, enable AUD currency, and define two new sets of books. Translate AUD to USD and include the two new companies for FSG reports in USD.
Q148. ABC Corporation has five companies, which operate in different industries. Each company has a different ledger-processing option that is industry specific. Choose the number of primary ledgers that are required to be defined.
Q149. Which three statements are true about AutoInvoice? (Choose three.)
A. It determines the General Ledger (GL) accounts by using AutoAccounting.
B. It imports invoices that have only transaction types that are of the "imported" transaction class.
C. It determines the GL accounts from the rows in the RA_INTERFACE_DISTRIBUTIONS_ALL table.
D. It determines whether the invoices should have open or closed status on the basis of the line amounts.
E. It uses the AutoInvoice clearing account if it cannot determine the Receivables account by using AutoAccounting.
F. It uses the AutoInvoice clearing account if the price multiplied by quantity does not equal the total amount for a line.
Q150. Identify three invoice holds that cannot be manually released. (Choose three.)
A. Acct Hold Reason
B. Funds Hold Reason
C. Invoice Hold Reason
D. Variance Hold Reason
E. Insufficient Information
F. Matching Hold Reason
G. Prepaid Amount Reason