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 fail to create?
(D: Detail)
(T:
Total)
A.
T-T-T-T
B.
T-D-D-D
C.
D-D-D-D
D.
D--T-domestic-D
E.
D-manufacturing-D-T
F.
T-manufacturing-international-D
You are implementing Oracle General Ledger at ABC Enterprises. ABC Enterprises is a legal entity and must perform corporate and statutory reporting. It operates in a country that requires companies to have two complete ledgers: one for statutory reporting and another for corporate reporting.
Identify the best option for primary and secondary ledgers.
A. Use the primary ledger to satisfy corporate reporting requirements, and then use a secondary ledger to satisfy statutory reporting requirements.
B. Use the primary ledger to satisfy statutory reporting requirements, and then use a secondary ledger to satisfy corporate reporting requirements.
C. Use the primary ledger to satisfy corporate reporting requirements, and then use an adjustment-only secondary ledger to satisfy statutory reporting requirements.
D. Use the primary ledger to satisfy statutory reporting requirements, and then use an adjustment-only secondary ledger to satisfy corporate reporting requirements.
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.
The management segment qualifier must be attached to which key flexfield segment?
A. future segment
B. account segment
C. company segment
D. department segment
E. intercompany segment
ABC Corp. runs the Create Journals program, after which the Create Journal Entries Execution report is automatically created.
Identify three components on which the Create Journal Entries Execution report reports. (Choose three.)
A. Budget Journals
B. Posted Journals report
C. Payables encumbrance entries
D. Purchasing encumbrance entries
Identify two places where you can define a legal entity. (Choose two.)
A. set of books
B. data access set
C. Legal Entity Configurator
D. HRMS organization setup
E. Accounting Setup Manager
Isa Global Inc. is based in the United States with divisions in Europe and Asia. All journal imports, recurring journals, mass allocations, and manual journal entries have been posted for their European subsidiary.
What is the next logical step in the period-close process?
A. opening the next period
B. closing the current period
C. revaluing foreign currency balances
D. translating to the functional currency
E. consolidating to the parent set of books
Identify four consolidation tools. (Choose four.)
A. Interface Data Transformer
B. Global Consolidation System
C. Global Intercompany System
D. Financial Statement Generator
E. Applications Desktop Integrator
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.
XYZ Corporation has five segments in its accounting flexfield. For a special profit-and-loss report, they want to sort by the fourth segment, which is "product." Select the element that would meet this need.
A. row set
B. row order
C. content set
D. column set
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