Question 1

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

Options :

A : You can only drill down to the general ledger journal and then from there to the subledger journal entry.

B : This report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C : This report displays only the reconciled transactions. You need to further process automatic reconciliation to reconcile the unreconciled transactions

D : This report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not

E : This report displays the intercompany receivables and intercompany payables balances in summary for a period.

Answer: A,B

Question 2

Your customer uses Financials Cloud, Projects, Inventory and Procurement.

Which two statements are true regarding intercompany accounting for these products? (Choose two.)

Options :

A : Each product has its own Intercompany Accounting feature that needs to be set up separately

B : Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals

C : Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management

D : They need to license a separate stand-alone Intercompany product that acts as the Intercompany Accounting Hub

Answer: B,C

Question 3

Which two statements are true about the Intercompany Reconciliation report?

Options :

A :

It includes ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.

B :

It can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.

C : It displays the intercompany receivables and intercompany payables balances in summary for a period.

D :

You can only drill down to the General Ledger journal and then from there to the Subledger journal entry.

E : It displays all clearing company balancing lines for a period.

Answer: B,C

Question 4

You need to create a boardroom ready month-end reporting package for an upcoming Audit Committee

meeting. You have 10 Financial Reports that you want to share with executives and auditors that are nicely

formatted.

What are the two Oracle recommended ways to accomplish this? (Choose two.)

Options :

A : Use BI Publisher to configure the reports and then use bursting to email the reports to the executives and Audit Committee

B : Using Workspace, assemble multiple reports into a book that can be printed and viewed individually as an entire book

C : Create a Smartview report, where the various sheets represent the different Financial Statements and send them the spreadsheet

D : Use a report batch to run reports at a specific time to create a set of snapshot reports

E : Use OTBI to create multiple reports that you save to a folder that only the users can access

Answer: B,D

Question 5

What are the two purposes of a secondary ledger? (Choose two.)

Options :

A : It can differ from its primary ledger by the accounting method, chart of accounts, accounting calendar, currency, and/or journal processing options

B : It should not be used when trying to meet local accounting requirements

C : It is used to main balances in a different currency only

D : It is an optional ledger that is linked to a primary ledger for the purpose of tracking alternative accounting

E : It should only be used to main balances for processing performance

Answer: A,D

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