Oracle Oracle Certifications 1Z0-517 Questions & Answers

• Question 371:

  Which three statements are true about the revaluation process? (Choose three.)

  A. You must post the revaluation journal entries.

  B. The revaluation process must be executed after the translation process has completed.

  C. This process revalues the foreign currency portion of the account balances by using the revaluation rate defined in the period rates table.

  D. Revaluation calculates the differences between the current cumulative functional currency balance of the foreign transactions and the revalued functional currency balance calculated by using the revaluation rate.

  Correct Answer: ACD

• Question 372:

  Select three statuses of the consolidation workbench. (Choose three.)

  A. posted

  B. entered

  C. exported

  D. reversed

  E. transferred

  Correct Answer: ADE

• Question 373:

  Select three statements that apply to Interface Data Transformer (IDT). (Choose three.)

  A. It ensures reapplication of the same rules each time you transfer.

  B. IDT provides greater flexibility by performing no validation on the imported data.

  C. User-defined conditions enable you to control when transformation rules must be applied.

  D. IDT provides automatic data conversion that converts disparate data formats into an Oracle format.

  E. It makes exporting of data from Oracle General Ledger into external feeder systems much easier and less time consuming.

  Correct Answer: ACD

• Question 374:

  Flavour Inc. in the United Kingdom has a subsidiary in India known as Spices Inc. Flavour Inc. has a four-

  segment chart of accounts, whereas Spices Inc. has a five-segment chart of accounts. Select three

  statements that apply to consolidating ledgers with different charts of accounts.

  (Choose three.)

  A. Only one action can be defined per parent segment.

  B. Consolidations based on account rules process faster.

  C. Consolidations based on segment rules process faster.

  D. Segment rules override account rules if there is any conflict.

  E. A segment rule action must be defined for each segment in the parent chart of accounts.

  Correct Answer: ACE

• Question 375:

  Identify the three actions that you can perform using the consolidation workbench. (Choose three.)

  A. Access the state controller.

  B. Change the chart of accounts.

  C. Create consolidations sets, which launch multiple consolidations in a single step.

  D. Create multi-level hierarchies, which you can view using the graphical consolidation hierarchy viewer.

  Correct Answer: ACD

• Question 376:

  Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)

  A. It consolidates data from the legacy feeder system.

  B. This system creates consolidated journal entries in both the parent and subsidiary sets of books.

  C. GCS automatically generates journal entries to eliminate intercompany balances based on defined rules.

  D. It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise Planning and Budgeting.

  Correct Answer: ACD

• Question 377:

  Select two restrictions that apply to consolidating budget balances. (Choose two.)

  A. If the source and target budgets share the same calendar, you must consolidate a specific period to a specific period.

  B. If the source and target budgets share the same start period, you must consolidate a specific period to a specific period.

  C. If the source and target budgets do not share the same ledger, you must consolidate a specific period to a specific period.

  D. If the source and target budgets do not share the same calendar, you must consolidate a specific period to a specific period.

  E. If the source and target budgets do not share the same start period, you must consolidate a specific period to a specific period.

  Correct Answer: DE

• Question 378:

  ABC Company in India imports baking equipment from XYZ Company in the USA. There is an outstanding invoice of $1,000,000 to be paid in two months. The USD-to-INR rate when the transaction was done was

  47.5. Now the USD-to-INR rate has changed from 47.5 to 40.5. Jack, who is a treasury analyst at ABC Company, reviews the transactions and comes to a conclusion. Select two correct conclusions arrived upon by Jack. (Choose two.)

  A. XYZ Company is not impacted at all by this rate change.

  B. XYZ Company has a positive impact by this rate change.

  C. ABC Company is not impacted at all by this rate change.

  D. ABC Company has a positive impact by this rate change.

  Correct Answer: AD

• Question 379:

  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.

  Correct Answer: CD

• Question 380:

  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

  Correct Answer: ABDE