Correct Answer: ABDE

To set up your chart of accounts:

1.

(A) Define value sets. Value sets determine the attributes of your account segments such as the segment length, whether to require a segment value, value alignment, and value security.

2.

(B) Define your account structure. Indicate how many separate segments your account will have, and for each segment, enter a name, sequence number, and an associated value set.

3.

Define rollup groups to create summary accounts whose summary balances you can review. You assign parent segment values to rollup groups.

4.

Define your account segment values. If you plan on defining summary accounts or reporting hierarchies, you must define parent values as well as child or detail values.

You can set up hierarchy structures for your segment values. Define parent values that includechild values. You can view a segment value's hierarchy structure as well as move the child ranges from one parent value to another.

Note:segment values(D)

Use the segment values windowto define values that belong to independent or dependent value sets.

5.

Define Security Rules to restrict user access to certain account segment values.

6.

Define cross-validation rules to control the account combinations you want General Ledger to allow. For example, you may decide that your sales cost centers, 600 to 699, should only enter amounts to product sales accounts, 4000 to 4999.

7.

Define or enable descriptive flexfields.

8.

Define account shorthand aliases to speed entry of account segment values. If you enable shorthand alias flexfield entry when you define your account structure, then you can define aliases, or codes, which stand for complete or partial accounts.

9.

Define summary accounts to create and maintain summary balances for quick reporting and online inquiry.

10.

Create account combinations.

Reference: Defining Your Chart of Accounts

Correct Answer: D

Copy from Corresponding Line:

Build account for a journal line using segments from the offsetting entry of the current journal line.

For example, when the business process requires that a cost center incurring an expense must also bear the invoice liability and cash outlay.

Reference: Oracle Fusion Applications Financials Implementation Guide , Link Journal Lines Option

Correct Answer: ABDE

A, B: SmartView provides anOffice-based interface for leveraging Hyperion Planning, Hyperion Financial Management, and Hyperion Workforce Planning data entry forms D, E:Oracle Hyperion Smart View for Office, Fusion Edition (Smart View) provides a common MicrosoftOffice interface for the OracleEnterprise Performance Management (EPM) suite of products along with Oracle Business Intelligence (BI) data sources

Note: Oracle Hyperion Smart View for Office (Smart View) is a component of Hyperion Foundation Services. Smart View provides a common Microsoft Office interface designed specifically for Oracle's Enterprise Performance Management (EPM) and Business Intelligence (BI). Using Smart View, you can view, import, manipulate, distribute and share data in Microsoft Excel, Word and PowerPoint interfaces. It is a comprehensive tool for accessing and integrating EPM and BI content from Microsoft Office products.

Correct Answer: C

Correct Answer: D

When you submit the Create Accounting process, the Create Accounting Execution Report is submitted automatically upon the completion of the Create Accounting process in success or in warning status. The Create Accounting process output will contain a message with the Create Accounting Execution Report request identifier. Use this request identifier to access the execution report output.

Reference:Oracle Fusion Accounting Hub Implementation Guide, Accessing the Create Accounting Execution Report: Explained

Correct Answer: BC

Intercompany Reconciliation: Explained

The main goal of the reports is to make it easy for you to identify either the receiver side or provider side of a transaction that has not been posted to the intercompany receivables or intercompany payables account.

The reports show the following intercompany lines:

*

(B)Intercompany receivables and intercompany payables lines generated by the intercompany balancing feature

*

(C)Intercompany receivables and intercompany payables lines generated for the provider and receiver of each intercompany transaction The following are not included on the intercompany reconciliation reports:

*

(not A)Ledger balancing lines generated when the primary balancing segment value is in balance, but either the second balancing segment or the third balancing segment is out of balance

*

(not D)Clearing company balancing lines Reference: All > Financial Control and Reporting > Close Accounting Period > Reconcile Accounts, Intercompany Reconciliation: Explained

Correct Answer: A

Working with a data form page in Excel, you can spread, or distribute, values in several ways:

*

Spread the value of a summary time period to its base time periods or to the first parent orfirst child of the parent time period

*

Spread values among children and parents proportionally, based on existing distribution

*

Spread values based on the weekly distribution of a quarter, which could be 4-4-5, 5-4-4, 4-5-4, or None (as set up by the budget administrator)

*

Temporarily lock the values of certain cells while spreading data over time periods Reference: Oracle Hyperion Smart View for Office, User's Guide, Spreading Data for Time Periods

Correct Answer: A

You can store balances based on business dimensions outside your chart of accounts using supporting references. In other words, supporting references extend your chart of accounts without cluttering your general ledger with unnecessary detail. For example, you can store balances based on geographies, channel, industry, investment type, fund manager or product category without including these key business dimensions in the chart of accounts. These balances are stored in the accounting repository, readily available for reporting and analytics Reference: Oracle Fusion Accounting Hub, Oracle Data Sheet.

Correct Answer: C

In order to update the intercompany calendar to use a different general ledger accounting calendar, the intercompany period status for all intercompany transaction types must either be Never Opened or Closed. Reference: Oracle Fusion Applications Financials Implementation Guide, Intercompany Calendar and Period Type

Correct Answer: C

You are required to enter the daily rates for currency conversion from Great Britain pounds sterling (GBP) to United States dollars (USD) each day for your company InFusion America Inc.

Oracle Application Development Framework (ADF) Desktop Integration is an Excel add-in that must be loaded onto each client. Because ADF Desktop Integration is an add-in to Microsoft Office products, you can use this feature only if they have Microsoft Excel 2007 or above, Internet Explorer 7 or above, and Microsoft Windows 7, XP Professional SP2, or Vista. Users must download the installation files from Navigator - Tools - Download Desktop Integrator Installer.

Reference: Oracle Fusion Applications Financials Implementation Guide, Entering Daily Rates Manually: Worked Example