Which option will meet the client’s requirements?

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

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Which three statements are true about the revaluation process?

Which three statements are true about the revaluation process? (Choose three.) A. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated using the revaluationrate. B. The revaluation process revalues the foreign currency portion of the account balances using the revaluation rate defined […]

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What should he do?

The GL user entered a taxable journal and posted it. Later the user realizes that he entered a wrong taxcode. What should he do? A. delete the journal and re-enter it B. modify the tax code at the line level C. enter another journal with the difference in the tax amount D. reverse and re-enter […]

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Which summary account template would Oracle General Ledger not allow you to create?

You have the following information: The Accounting flexfield structure is Company-Department-Product-Account. Product has two rollup groups: Domestic and International. Department has one rollup group: Manufacturing. All accounting flexfield segment values can use alphanumeric characters. Which summary account template would Oracle General Ledger not allow you to create? (D: Detail) (T: Total) A. D-D-D-D B. T-Manufacturing-International-D […]

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Which scenarios would be on this checklist?

During the testing phase of your implementation, you find that you are unable to delete a journal batch,though it is not yet posted. You ask the technical consultant for help and he e-mails you a checklist ofscenarios in which batches cannot be deleted. Which scenarios would be on this checklist? (Choosethree.) A. The journal batch […]

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Select the three true statements about mapping rules.

Select the three true statements about mapping rules. (Choose three.) A. There are only two mapping rule actions: 1. Copy Value from; 2. Assign Value from B. Mapping sets enable you transfer data from multiple subsidiaries simultaneously. C. A rollup rule tells General Ledger what detail level of information to transfer and how to roll […]

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Group By Effective Date profile option?

What are two benefits of using the Journals Import: Group By Effective Date profile option? (Choose two.) A. Facilitate more transparent exchange rate conversions. B. Make daily updates to daily business intelligence. C. Facilitate consolidation. D. Account for business transactions by effective date or by accounting date. Explanation: Show Answer

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What is your response?

You are implementing Oracle General Ledger at a client site. The client is based in the U.S. but has apresence in many countries worldwide, and has transactions in multiple currencies. The implementationteam decides that GL multi currency setup will be part of the implementation. The GL accountant tells youthat the companys outstanding loans in Europe […]

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Which reporting or query options would provide that detail?

ABC.com wants to compare actual amounts against their budgeted amounts. Which reporting or query options would provide that detail? (Choose two.) A. Account Analysis B. On-line Account Inquiry C. On-line Budget Inquiry D. Trial Balance E. Financial Statement Generator Explanation: Show Answer

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