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| Section | Objectives |
|---|---|
| Period Close and Reconciliation | - Account reconciliation and balancing - Period close process in General Ledger |
| Financial Reporting | - Real-time reporting and analytics - Financial Statement Generator (FSG) and reporting tools |
| General Ledger Configuration | - Ledger setup and accounting configuration - Accounting calendar and currency setup - Chart of Accounts structure and segments |
| Journal Processing | - Recurring journals and allocations - Journal import and automation - Journal creation and approval workflows |
| Security and Controls | - Role-based access control in General Ledger - Audit and compliance controls |
What describes a legal jurisdiction?
Correct Answer: C 🗳️
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You need to integrateFusion Accounting Hubwithexternal source systemsused forBilling. Identify the step that isnot correctwhen implementing this integration.
Correct Answer: C 🗳️
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What is Oracle ' s recommended method to define this chart of accounts?
Correct Answer: A 🗳️
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You have enabled budgetary control and have a control budget set toAdvisorycontrol level. For September
2016, your budget for a given account combination is$5,000 USD.
In the same month, there is anapproved requisitionfor that account of$900and anapproved purchase orderfor that account of$2,500 USD. There is also aGeneral Ledger adjustment journal entryfor that account of$1,600 USD. Anapproved purchase order line of $400 USDis thencanceled.
Aninvoice is matchedto the purchase order for$2,100 USD.
Which two statements are true? (Choose two.)
Correct Answer: A,C 🗳️
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India).
Which three labels are required when designing the chart of account structure for this project? (Choose three.)
Correct Answer: A,C,D 🗳️
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