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NEW QUESTION 28
Which two statements are true regarding how Intercompany Balancing Rule are defined? (Choose two.)

A. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories.B. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment values.ysC. All ledgers engaged in an intercompany transaction must share the same chart of accounts in order to define balancing rules.D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types.

Answer: C,D

 

NEW QUESTION 29
Which three objectives must be considered when designing the chart of accounts? (Choose three.)

A. Try to use all 30 segments and 25 characters per segment because you cannot change it laterB. Limit the number of segments to those you need today to reduce data entryC. Consider implementing a single, global chart of accountsD. Anticipate growth and maintenance needs as organizational changes occurE. Effectively manage an organization's financial business

Answer: C,D,E

 

NEW QUESTION 30
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud? (Choose two.)

A. Integrating with third-party systems is easier because the Essbase cube provides chart of accounts mapping rulesB. You no longer need to create and maintain hierarchies because the Essbase cubes are created when you create your chart of accountsC. General ledger balances are multidimensional, allowing you to perform robust reporting and analysisD. 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 simultaneouslyE. Posting performance is much faster

Answer: C,D

 

NEW QUESTION 31
When creating financial reports which two tools use data from the General Ledger Balances Cube? (Choose two).

A. Financial Reporting StudioB. Smart ViewC. Financial Reporting CenterD. Oracle Financial Statement Generator

Answer: A,C

Explanation:
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Reference:
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NEW QUESTION 32
Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing.
What happens to the remaining $400 USD?

A. Invoice type will have less funds available by $400 USDB. Only obligation type will have $400 USD funds availableC. $400 USD will be added back to available fundsD. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USDE. $400 USD will be expired and not available for use

Answer: E

 

NEW QUESTION 33
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