Which two General Ledger work would you assign to all your entry-level General Ledger accountants?
A. Journals Work Area
B. Period Close Work Area
C. Financial Reporting Center
D. General Accounting Dashboard
Your customer wants to prevent their department managers from viewing the results of other departments where they have no management authority.
What should be implemented for this type of security?
A. Data Access Sets
B. Cross-Validation Rules
C. Segment Value Security
D. Role-Based Access
You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identity the step that is not correct when implementing this integration.
A. Analyze external system transactions.
B. Capture accounting events.
C. Determine the accounting impact of transactions.
D. Create the accounting in the source system and then import the journal entries into subledger accounting.
Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments.
Which two statements are true regarding the creation of a control budget?
A. Control budgets are always absolute to generate encumbrance accounting.
B. A control budget can allow override rules only if the control level is absolute.
C. The control budget structure has all the chart of account segments as budget segments.
D. A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore.
E. A control budget can be associated with a different calendar than accounting calendar.
Your customer has enabled budgetary and encumbrance controls at the requisition level. You have a purchase order for $1,000 USD, which is fully reserved and has one invoice for $600 USD. When the purchase order is matched through the final match process, the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?
A. Invoice type will have less funds available by $400 USD.
B. Manual encumbrance journal needs to be entered In General Ledger to release the budget amount of $400 USD.
C. Only obligation type will have $400 USD funds available.
D. $400 USD will be added back to available funds
E. $400USD will be expired and not available for use.
Journal approval uses Approvals Management Extension (AMX).
Which AMX builder method is most effective in routing the journals to the Accounting Manager when the General Ledger Accountant enters the journal?
A. Supervisory level based on HR Supervisors
B. Job level
C. Position
D. Approval Group
Which two statements are true regarding how Intercompany Balancing Rule, are defied?
A. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules
B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.
C. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types
D. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value.
What are the two benefits of having the Essbase cube embedded in Fusion General Ledger?
A. General ledger balances are multidimensional, allowing you to perform robust reporting and analysis.
B. You can access real-time results for reporting and analysis because every time a transaction is posted in General Ledger, multidimensional balances are also updated simultaneously.
C. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts.
D. Posting performance is much faster.
E. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules.
You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What do you need to enable?
A. Drill Through in Grid Properties
B. Report Functions
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Allow Expansion
Which two statements are true regarding the export/import of reports?
A. A set of reports are provided for both exported and imported setup data to validate the export/import processes and setup data.
B. Reports on setup data can be used to compare and analyze how the data might have changed over time.
C. To view errors encountered during the export or import Process, you must use SQL queries to obtain that data because no reports exist.
D. A set of reports lists user names, suppliers, and customers that have been exported/imported
E. The export/import reports are available only for Fusion Customer Relationship Management.
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