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NEW QUESTION 20
How do Cross Validation Rules(CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

A. Nothing has changed. If you have an invalid account combination existing in the table, you must deactivate it to prevent further usageB. If CVR determines that an invalid combination exists in the CCID table, it will automatically disable that account code combination.C. CVRs are assigned to the end user role; therefore controlling what account code combination individuals can leverage in the General Ledger and the subledgersD. CVRs only test new account combinations being inserted into the table. They ignore any invalid account combinations already existing in the table

Answer: D

 

NEW QUESTION 21
You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?

A. Close Intercompany periods in Fusion IntercompanyB. Close all subledger periodsC. Close the General Ledger period in the Manager Accounting Periods pageD. Freeze the Intercompany journal source in General Ledger

Answer: A

 

NEW QUESTION 22
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 is Oracle's recommended approach to performing consolidations?

A. Define multiple ledgers for consolidation and report on ledger setB. Use Oracle Hyperion Financial Management for this type of complex consolidationC. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to the parent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.D. Use General Ledger's Financial Reporting functionality to produce reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment

Answer: D

 

NEW QUESTION 23
On which three occasions are Essbase balances updated? (Choose three.)

A. every time you open a new periodB. every time journals are posted to the general ledgerC. every time you run the batch program called "Update Essbase Balances"D. every time the tree version is publishedE. at report run-time

Answer: B,D,E

 

NEW QUESTION 24
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