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| Section | Objectives |
|---|---|
| Journal Processing | - Journal Management
|
| Ledger Configuration | - Ledger Management
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Security and Data Access | - Access Management
|
| Budgeting and Allocations | - Financial Planning
|
| Intercompany Accounting | - Intercompany Processing
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
1. Which two are valid Data Access Set types? (Choose two.)
A) Full access
B) Primary Balancing Segment Value
C) Read and Write access
D) Read Only access
E) Full Ledger
2. Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany
Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to
Balance Sheet
. All other cost centers should be mapped to 610
Account Mapping
. Asset accounts (in the 1000 range) should be
mapped to account 11101
. Liability accounts (in the 2000 range) should be
mapped to account 22100
. Equity accounts (in the 3000 range) should be
mapped to account 34000
. Revenue accounts (in the 4000 range) should be
mapped to account 42000
. Expense accounts (from 5000 onwards) should be
mapped to account 51100
Note:
Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
Ensure all maps are numeric only.
When creating your mapping rules for each segment
please allow for existing and future segment values
3. A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and there is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to fulfill this reporting requirement?
A) Reporting currency with the IFRS accounting convention
B) Reporting currency with the local accounting convention
C) Secondary ledger with the IFRS accounting convention
D) Primary ledger with the local accounting convention
E) Primary ledger with the IFRS accounting convention
4. You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?
A) by using Cross-Validation Rules Import file-based data import (FBDI).
B) by using the Manage General Ledger Security page.
C) by using the Manage Cross-Validation Rules page.
D) by creating Cross-Validation Rules desktop-integrated spreadsheet.
5. Your company has complex consolidation requirements with multiple General Ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your General Ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account What happens to segments in your source General Ledger, such as Program, that cannot be mapped to Hyperion Financial Management?
A) Errors occur for unmapped segments. You must map multiple segments from source General Ledgers to the target segment in Hyperion Financial Management.
B) The unmapped segments default to future use segments in Hyperion Financial Management.
C) No data is transferred.
D) Data is summarized across segments that are not mapped to Hyperion Financial Management.
Solutions:
| Question # 1 Answer: A,D | Question # 2 Answer: Only visible for members | Question # 3 Answer: C,D | Question # 4 Answer: A | Question # 5 Answer: D |
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