You want to be notified of anomalies in certain account balances in real time. What is the rnost efficient way to do this?
Answer : A
You need to distribute departmental expense reports to l00 department managers in your organization. The report format is the same, but the department values differ.
What in the most efficient way to achieve this?
Answer : D
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?
Answer : A
Reference:
http://www.oracle.com/us/solutions/business-intelligence/consolidation-solution-
1876985.pdf
While troubleshooting the encumbrance entries created for the requisition for your business unit, you noticed that only a few events are triggering the encumbrance journals when you submit he create accounting program.
What are the two events?
Answer : B,F
Which three objectives must be considered when designing the chart of accounts?
Answer : A,B,C
How can your Accounting Manager expedite Journal processing during the time critical month end close?
Answer : C
All of your subsidiaries reside on the same application instance, but some of them require a different chart of accounts and/or accounting calendar and currency. There is no minority interest or partial ownerships.
What is Oracle's recommend approach to performing consolidations?
Answer : D
Most of the accounting entries for transactions from your source system use
TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
Answer : D
Your customer wants to use a clearing company to automatically balance Intercompany entries. Which three statements are true regarding the use of a clearing company value?
Answer : A,C,E
$500 USD, which you decide to match to an invoice for $300 USD.
What will be the fund status of the purchase order and invoice?
Answer : C
What type of user must be defined before you can create an Implementation Project?
Answer : E
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?
Answer : B
Reference:
http://docs.oracle.com/cd/E15586_01/fusionapps.1111/e20375/F350915AN25358.htm
In which two ways can your users customize the Dashboards and Work Areas to suit their individual working styles?
Answer : C
You want to specify Intercompany System Options.
Which three factors should you consider?
Answer : A,B,D
You are implementing Fusion Accounting Hub for your external Accounts Receivables system. The external system sends invoices billed and cash receipts in a flat file, along with the customer classification information. You want the accounting amounts to be tracked by customers too but you do not want to add a Customer segment to your chart of accounts.
What is the solution?
Answer : C