What feature do you use?

Correct Answer for the following Question is given below You want to process multiple allocations at the same time. What feature do you use? Question: What feature do you use? Options: RuleSets Formulas General Ledger journal entries Point of View (POV) Correct Answer The Correct Answer for this Question is RuleSets Explanation The Question – … Read more

Which two statements are true regarding intercompany accounting for these products?

Correct Answer for the following Question is given below Your customer uses Financials Cloud, Projects, Inventory and Procurement.Which two statements are true regarding intercompany accounting for these products? (Choose two.) Question: Which two statements are true regarding intercompany accounting for these products? Options: Each product has its own Intercompany Accounting feature that needs to be … Read more

What happens to funds available when you cancel an invoice that requires budgetary control?

Correct Answer for the following Question is given below You create an invoice for USD 100 that is matched to a purchase order of USD 100. You available the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice … Read more

Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal?

Correct Answer for the following Question is given below Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal? Question: Which subject area has been enhanced to allow you to drill down from OTBI General Ledger Reports to a General Ledger journal? Options: … Read more

What is Oracle’s recommended method for doing this?

Correct Answer for the following Question is given below Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and Product segments for both financial and management reporting.What is Oracle’s recommended method for doing this? Question: What is Oracle’s recommended method for doing this? Options: Create a segment that acts … Read more

Which method is not supported?

Correct Answer for the following Question is given below You want to enter budget data in General Ledger Cloud. Which method is not supported? Question: Which method is not supported? Options: Entering budget journals Application Development Framework Desktop Integration (ADFdi) Direct budget balance updates from a Financial Statement in Smart View File-based Data Import Correct … Read more

What is Oracle’s recommended method to define this chart of accounts?

Correct Answer for the following Question is given below You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.What is Oracle’s recommended method to define this chart of accounts? Question: What is Oracle’s recommended method to define this chart … Read more

What should you do?

Correct Answer for the following Question is given below You want to prevent intercompany transactions from being entered during the last day of the close. What should you do? Question: What should you do? Options: Freeze the Intercompany journal source in General Ledger Close all subledger periods Close the General Ledger period in the Manager … Read more