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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q43-Q48):
NEW QUESTION # 43
You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
- A. Style template
- B. Data model
- C. Output type
- D. Layout template
- E. Sub template
Answer: B,D
Explanation:
To modify the journal approval notification, you need to copy (or customize) and edit the layout template and the data model of the Analytics Publisher report. The layout template defines the appearance and content of the notification, such as the text, fields, tables, and images. The data model defines the data sources and queries that provide the data for the notification, such as the journal attributes, amounts, and statuses. You can use Template Builder for Word to edit the layout template and Analytics Publisher to edit the data model. You also need to download the Workflow Notification Subtemplate, which is a common subtemplate that contains the header and footer of the notification. You can preview the modified notification using the subtemplate and the data model. References:
* Modify Journal Approval Notifications with Analytics Publisher
* [Creating Analytics and Reports for Financials Cloud]
NEW QUESTION # 44
Your company wants to change theCumulative Translation Adjustment (CTA) accountto record gains
/losses from varying currency rates.
What steps must you perform to achieve this objective without causing data corruption?
- A. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required.The system will automatically update the translated balances.
- B. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.
- C. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.
- D. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.
Answer: C
NEW QUESTION # 45
You already ranTranslation, but a last-minuteadjusting journal entryin yourledger currencywas entered after you consolidated your results.
What does Oracle considerbest practicewhen this occurs?
- A. Rerun Translation and then reconsolidate your results.
- B. Enter another adjusting journal entry in the target currency to true up the balances.
- C. Translate only the adjusting journal entry.
- D. Rerun Revaluation and then rerun Translation.
Answer: A
NEW QUESTION # 46
You are setting upClose Monitor, which comprises aledger set hierarchy definition.
Which two components of theenterprise structureshould the ledgers in the ledger set share?
- A. Chart of Accounts, Currency, Accounting Calendar, and Subledger Accounting Method
- B. Chart of Accounts and Business Units
- C. Accounting Calendar
- D. Legal Entities, Business Units, and Chart of Accounts
- E. Chart of Accounts
Answer: C,E
NEW QUESTION # 47
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
- A. Ledger-level rule
- B. Chart of accounts rule
- C. Primary balancing segment rule
- D. Legal entity-level rule
Answer: B
Explanation:
You should define the default intercompany balancing rule at the legal entity level, because each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value. This way, you can specify the intercompany receivables and payables accounts for each legal entity and ensure that the journals are balanced by legal entity or primary balancing segment values. A ledger-level rule would apply to all legal entities in the ledger, which may not be appropriate if they have different intercompany accounts. A primary balancing segment rule would apply to all ledgers that share the same chart of accounts, which may not be desirable if they have different intercompany rules. A chart of accounts rule would apply to all ledgers and legal entities that use the same chart of accounts, which may not be feasible if they have different intercompany segments or accounts. References:
* Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules
* Overview of Intercompany Balancing Rules, Section: Define Intercompany Balancing Rules
* Troubleshooting Guide For Intercompany Balancing, Section: 1. Journals and subledger accounting entries are not being balanced for intercompany activity
* Implement General Ledger, Section: Intercompany Balancing
NEW QUESTION # 48
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