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| Section | Objectives |
|---|---|
| Topic 1: Enterprise Structure and Configuration | - Enterprise Setup
|
| Topic 2: General Ledger Fundamentals | - General Ledger Overview
|
| Topic 3: Intercompany and Consolidation | - Advanced General Ledger Features
|
| Topic 4: Allocations and Period Close | - Period-End Processing
|
| Topic 5: Financial Reporting and Analysis | - Reporting Capabilities
|
| Topic 6: Journal Processing | - Journal Management
|
You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
Correct Answer: B,C,E 🗳️
Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?
Correct Answer: B 🗳️
All of your subsidiaries can share the same ledger with their parent company and all reside on the same application instance. They do perform intercompany accounting.
What does Oracle consider the best practice approach to performing consolidations?
Correct Answer: D 🗳️
Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).
Your customer operates three shared services that perform accounting functions across 50 countries.
What feature allows them to share setup data, such as Payment Terms, across Business Units?
Correct Answer: D 🗳️
Which two methods can your General Ledger accountants use to more easily view large amounts of contained in the tables in their work areas?
Correct Answer: B,C 🗳️
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