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| Section | Objectives |
|---|---|
| Topic 1: Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| Topic 2: Period Close and Reconciliation | - Period close process in General Ledger - Account reconciliation and balancing |
| Topic 3: Journal Processing | - Journal import and automation - Recurring journals and allocations - Journal creation and approval workflows |
| Topic 4: General Ledger Configuration | - Accounting calendar and currency setup - Chart of Accounts structure and segments - Ledger setup and accounting configuration |
| Topic 5: Security and Controls | - Audit and compliance controls - Role-based access control in General Ledger |
Your organization would like to use the journal sequencing functionality in General Ledger. You want to include all journal sources but would like a different sequence assigned to journals originating in the Joint Venture application.
What should you create to achieve this?
Correct Answer: A 🗳️
Which three Oracle Transactional Business Intelligence (OTBI) objects can be created by using the tools in the Oracle Business Intelligence (BI) catalog?
Correct Answer: C,D,E 🗳️
In a primary ledger, under the System options, in the Close section, the " Prevent General Ledger Period Closure When Open Subledger Periods Exist " option has been selected.
For which subledger can you opt out of the Period Close Checking feature by using the ORA_GL_INCLD_STRICT_PRD_CLOSE lookup?
Correct Answer: B 🗳️
You are processing intercompany transactions in a country where accounting regulations require backing documents for each intercompany transfer. You decide to use the Intercompany module to ensure you can produce the relevant Accounts Payable and Accounts Receivable invoices.
How would you enable invoicing?
Correct Answer: A 🗳️
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Your ledger currency is USD. At month end, you have a balance on the Accounts Payable Liability Account of 100,000 Euros, which is equivalent to 136,550 USD. This balance needs to be revalued. The month-end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true about the resulting revaluation run?
Correct Answer: A,E 🗳️
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