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Download Oracle Financials Cloud: General Ledger 2022 Implementation Professional Exam Dumps

NEW QUESTION 27
What is the most efficient way to add a new year to the accounting calendar?

A. Use the Add Year buttonB. Import the periods from a spreadsheetC. Add the periods manuallyD. The application automatically populates the next year when you open the first period of a new fiscal year

Answer: A

 

NEW QUESTION 28
Your customer has many eliminating entries to eliminate intercompany balances. The General Ledger does not include a purpose-built Consolidation feature. How would you automate the process of creating eliminating entries, assuming your customer is not using Oracle Hyperion Financial Close Management?

A. Use the General Ledger's Calculation Manager to define an allocation definition to eliminate entries that you can generate every periodB. There is no way to automate this process if the customer is not using Oracle Hyperion Financial Close ManagementC. Use the spreadsheet template that is accessed from the "Create Journal in Spreadsheet" task and import the spreadsheet with the eliminating entries every periodD. Create a manual journal that includes the eliminating entries, and then create a copy of the journal batch every period

Answer: A

 

NEW QUESTION 29
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. Use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segmentB. 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. Define multiple ledgers for consolidation and report on ledger set

Answer: A

 

NEW QUESTION 30
You need to define multiple allocation rules as efficiency as possible.
Which three components can be reused across allocation rules? (Choose three.)

A. FormulasB. Point of View (POV)C. Run Time Prompts (RTP)D. RuleSets

Answer: A,C,D

 

NEW QUESTION 31
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