ABC Enterprises has operations in the UK, France, the US (West), and the US (East). The US (West) has budgetary control enabled and the US (East) requires approvals for journals. All operations share the same chart of accounts, accounting calendar, and subledger accounting method. The US (West) and the US (East) operate on the USD currency. The UK's currency is GBP, whereas France operates on the EUR currency. Identify the least number of legal entities and accounting setups to be created.
A. 1 legal entity and 4 accounting setups
B. 4 legal entities and 1 accounting setup
C. 3 legal entities and 3 accounting setups
D. 4 legal entities and 4 accounting setups
Select three criteria that are required to assign multiple legal entities to the same accounting setup. (Choose three.)
A. have similar ledger processing options
B. open and close periods simultaneously
C. have tax requirements that are specific for a legal entity
D. require autonomous document sequencing for a legal entity
E. operate in a country that allows multiple legal entities to share the same primary ledger and ledger attributes
XYZ Company is implementing Oracle at its headquarters in the US. It has operations in Australia, the UK, and China. The Australian and the US operations can share the same chart of accounts segments, and the UK and China operations can share the same chart of accounts segments. All operations share the same calendar or period-type combination, but not the currency. Each country requires that a separate accounting data be maintained.
Identify the number of legal entities to be created and the number of accounting setups.
A. Create one legal entity and four accounting setups.
B. Create four legal entities and one accounting setup.
C. Create two legal entities and four accounting setups.
D. Create four legal entities and four accounting setups.
ABC Enterprise has operations in the US, France, and Italy. The US, France, and Italy operations have separate legal and statutory requirements. The tax requirements also differ for each country. Identify the action you would perform to set up Oracle General Ledger.
A. Create a separate legal entity and accounting setup for each operation.
B. Create one legal entity and three accounting setups for the US, France, and Italy.
C. Create three legal entities for the US, France, and Italy, and one accounting setup.
D. Create three legal entities for each operation. Create one accounting setup for France and Italy, and one for the US.
E. Create two legal entities: one for France and Italy, and one for the US. Create two accounting setups: one for France and Italy, and one for the US.
ABC Enterprise has operations in the US and its headquarters in the UK. They share the same chart of accounts, accounting calendar, accounting method, and ledger-processing options. UK management requires reporting on receivables from its US operations in GBP each month. Identify the best option for the US operations to report to their parent.
A. Create an account-level reporting currency.
B. Create a subledger-level reporting currency.
C. Create a journal-level reporting currency for every transaction.
D. Create a balance-level reporting currency and run general ledger translation.
Identify two true statements about using column sets in an FSG report. (Choose two.)
A. Formats can be set for each column.
B. Accounts cannot be assigned to a column set.
C. Calculations can be performed by using columns.
D. The seeded column sets provided must be used.
Which report would provide information about the processing type (parallel or sequential) that may be defined for reports?
A. FSG Report Detail Listing
B. FSG Report Summary Listing
C. FSG Row Set Summary Listing
D. FSG Content Set Summary Listing
During a pilot run of Financial Statement Generator reports, the report output displayed credit amounts as negative numbers. The customer requires the credit amounts on the reports to be positive instead of negative. Identify the solution that must be implemented to meet the customer's requirements.
A. Inform the customer that this requirement would require a customization.
B. Select the change sign check box for the related row or column definition.
C. Deselect the change sign check box for the related row or column definition.
D. Create a journal by doubling the values wherever the report is displaying negative numbers.
You have been hired to implement Oracle General Ledger at XYZ Company. They want to have four legal entities to support operations in the US (East), the US (West), the UK, and France. The chart of accounts and accounting calendar are similar for all entities except France. Only the UK operations want to enable average balances and journal approvals. What would be the minimum number of setups needed to meet this need?
A. four
B. two
C. one
D. three
Choose the maximum number of secondary ledgers that can be assigned to a primary ledger.
A. unlimited
B. two per primary ledger
C. one per primary ledger
D. one per primary ledger with a reporting currency
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