Question 1

You are setting up Close Monitor and want to view high-level profit and loss results for each ledger. What should you associate with the ledger set to achieve this?

Options :

A : OTBI report

B : Financial Reporting Web Studio report

C : Account group

D : Trial Balance report

Answer: B

Question 2

There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.

Given that:

The subsidiary is in another country from the parent.

There is no requirement to have daily balances.

The objective is to minimize the data stored in the reporting currency.

Which data conversion level should you recommend?

Options :

A : Subledger level

B : Journal Level

C : Adjustment only level

D : Balances Level

E : Spreadsheet level

Answer: D

Question 3

Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization.

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After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions

need

to be accomplished to activate this feature? (Choose three.)

Options :

A : Enable Payment Request Subtypes

B : Rebuild the GL Balances Cube

C : Create a Payment Process Profile

D : Rebuild the Budgetary Control Cube

E : Enable spend authorization

Answer: A,D,E

Question 4

When constructing a new chart of accounts instances, it has been decided to control the list of values within certain segments, with the use of related value sets. When defining new related value sets, which three configuration steps should be considered?

Options :

A : Link two value sets together

B : Use independent validation type value sets only

C : Order of the segments determines filtering sequence

D : Use table validated type value sets only

E : Link multiple value sets together

F : Order of the segments does not determine filtering sequence.

Answer: A,B,C

Question 5

What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

Options :

A : Posting performance is much faster

B : Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rules

C : General ledger balances are multidimensional, allowing you to perform robust reporting and analysis

D : 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

E : You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accounts

Answer: C,D

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