When structuring the summary accounts hierarchy, what fact must you take into consideration?
A. Grandparenting is not allowed (parents cannot become children).
B. You must include every parent value that is defined in the chart of accounts to a rollup group.
C. General Ledger will not automatically maintain rollup relationships from the summary level to the lowest detail level.
D. You can drill down only on balances from the summary level to the lowest detail level, and not to intermediate detail levels.
A manager wants to review the cash balance by company. He has asked you to create the summary
account template. The company's accounting flexfield has four segments:
Company (5 values)
Cost Centers (30 values)
Region (4 values)
Account (180 values)
The total number of cash accounts is five that are associated with two parents:
Three accounts are associated with the parent called Checking.
Two accounts are identified with the parent called Savings.
To combine the cash parents, you created a rollup group named Cash.
How many accounts would the summary account template generate?
A. 10
B. 40
C. 60
D. 240
E. 1200
How do you know funds are available in the budgetary control summary account template?
A. when the result is less than one, regardless of the balance type
B. when the result is greater than one, regardless of the balance type
C. when the debit balance type has a positive amount, and the credit balance type has a negative balance
D. when the debit balance type has a negative amount, and the credit balance type has a positive amount
When summary account templates are associated with the check-level advisory of budgetary control funds, what two actions must you perform? (Choose two.)
A. The formula must be identified.
B. The currency must be identified.
C. The amount type must be identified.
D. A debit or credit balance type must be assigned.
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
A manager wants to review the cash balance by company. He has asked you to create the summary
account template. The company's accounting flexfield has four segments:
company (5 values)
cost centers (30 values)
region (4 values)
account (180 values)
The total number of cash accounts is five that are associated with two parents:
Three accounts are associated with the parent called Checking.
Two accounts are identified with the parent called Savings.
To combine the cash parents, you create a rollup group named Cash.
Which summary account template would you create to review the cash balances by company? (D:
Detail) (T: Total)
A. D-D-D-Cash
B. T-T-T-Cash
C. D-T-D-Cash
D. T-D-T-Cash
E. T-D-D-Cash
F. D-T-T-Cash
What is the effect of summary accounts on the efficiency of the posting process?
A. Use summary accounts in the posting process to accumulate values.
B. Use summary accounts in the posting process to not accumulate values.
C. Use of summary accounts increases the efficiency of the posting process.
D. Use of summary accounts decreases the efficiency of the posting process.
Select two reasons to use reporting hierarchies instead of summary accounts. (Choose two.)
A. Use summarized data in journal formulas.
B. Summary relationships are not permanent.
C. Inquiry of summary amounts is done online.
D. The primary use for summarization is only for reports.
E. You can easily reorganize summary views in the future.of the posting process.
You need to verify that your system has enough resources to handle the volume of accounts that would be
generated by the summary account template. The template has been designed as follows:
D-Region-D
The first segment is company, which has ten values.
The second segment is division, which is represented by the rollup group region. It has six parent values.
The last segment is account, which has 500 values.
How many summary accounts would be generated by the template?
A. 60
B. 500
C. 3,000
D. 5,000
E. 30,000
To achieve the maximum summary account functionality for total (T), how must the value sets for each segment of the accounting key flexfield be set?
A. Precision must be set to one.
B. The list type must be set to long list of values.
C. The maximum size of each segment of the accounting key flexfield must be five characters.
D. The format type must be set to character, and the additional option of numbers only must not be selected.
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