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Identify three setup options that are defined in the Financial Options window. (Choose three.)
D. expenses clearing
E. expense AP accrual account
You are implementing Oracle General Ledger at a client site. The client is based in the US, but
they have a presence in many countries and transactions in multiple currencies.
The implementation team decides that the GL multi-currency setup will be a part of the
implementation. The company\’s management in the US wants to see all transactions in USD,
whereas the management in Europe wants to see the transactions in Euros. The CFO has this
While entering daily transactions, the user must be able to enter the current exchange rate. But at
month end, the assets and liabilities in Euros must be converted into USD at the monthly average
exchange rate. Can this requirement be satisfied?
A. Oracle GL does not support this functionality.
B. Workflow must be customized to satisfy this requirement.
C. The account generator must be customized to satisfy this requirement.
D. Oracle GL provides this functionality and there is no problem in satisfying the requirement.
All manual journal entries are defaulting to a non-current period. Which step was omitted from the
A. updating the period
B. posting journal entries
C. consolidating financials
D. reversing journal entries
E. translating foreign balances
Identify three ways that an invoice can be submitted for validation. (Choose three.)
A. online by clicking the Validate button in the Invoice Batches window
B. online by clicking the Validate and Account button in the Invoice Batches window
C. in batch by submitting the Payables Invoice Validation program from the Invoice Workbench
D. in batch by submitting the Payables Invoice Validation program from the Submit Request
E. online by selecting either the Validate check box or the Validate Related Invoices check box in
the Invoice Actions window
Scott, the CFO at ABC Company in the USA, wants to present the annual income statement to the
board of directors of the company. ABC Company engages in many exports and import activities
and follows the policy to revalue all its transactions in foreign currency with the current market
rates. Scott requests George, the head accountant of the company, to revalue all foreign currency
transactions done during the year. Select two prerequisites that George must comply with to
ensure that the revaluation is done as desired. (Choose two.)
A. Define accounts for realized gains and realized losses.
B. Define accounts for unrealized gains and unrealized losses.
C. Define the weights for each currency used for doing transactions.
D. Define a batch under which the revaluation journals would be stored.
E. Define a revaluation rate for each currency for each period or date for which the revaluation
must be run.
Select three statements that apply to the Global Consolidation System (GCS). (Choose three.)
A. It consolidates data from the legacy feeder system.
B. This system creates consolidated journal entries in both the parent and subsidiary sets of
C. GCS automatically generates journal entries to eliminate intercompany balances based on
D. It performs multidimensional analysis of consolidated financial data by using Oracle Enterprise
Planning and Budgeting.
Select three statuses of the consolidation workbench. (Choose three.)
Identify the four setup options that control supplier defaults. (Choose four.)
A. financial options
B. payables options
C. receiving options
D. purchasing options
E. Payables system setup
F. Trading Community Architecture (TCA)
You are implementing Oracle General Ledger (GL) at a client site. The client is based in the US,
but they have a presence in many countries and transactions in multiple currencies. The
implementation team decides that the GL multi-currency setup will be a part of the implementation.
John, a junior consultant helping you in the implementation effort, tells you that he is testing the
system and entering journals in USD, Yen, and Euros. He says that he is able to enter journals in
USD and Euros, but not in Japanese Yen. What possible explanation can you provide to John for
A. Yen has not been enabled.
B. Rate types have not been defined for Yen.
C. Daily rates have not been entered for Yen.
D. Workflow must be customized for journals to be entered in Yen.
Select three activities that must be performed to complete the setup of the key accounting flexfield.
A. Create aliases.
B. Define a value set.
C. Define security rules.
D. Define an account structure.
E. Define valid segment values.
F. Create account combinations.
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