You lust submitted the Accounting Configuration. Which two statements are correct?

A. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration.

B. A Data Access Set with full read/write access to the ledger is automatically created.

C. Open the ledger's period to begin entering transactions.

D. Verify the data roles created and assign them to the General Ledger users.

Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.

At what level can you override the default accounting attribute assignment?

A. Event Type

B. Journal Line Rule

C. Event Class

D. Journal Entry Rule Set

E. Journal Entry

Before implementing Fusion Financials, your customer used to manually reconcile their intercompany payables and receivables accounts.

What is a more automated approach to do this?

A. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances.

B. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.

C. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance.

D. In Fusion Financials, you must manually reconcile your intercompany account balances.

E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances.

Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.

When should you reverse revaluation journals, if at all required?

A. Reverse them in the same period as the revaluation run.

B. Both balance sheet and income statement revaluation journals should be reversed in the period.

C. Never, because each period's revaluation adjustment is just for that period.

D. The reversals must be done at the end of each quarter.

Which two types of journals can be automatically routed through the journal approval process?

A. Allocation journals

B. Revaluation journals

C. Manual journals

D. Sub ledger journals

E. Journals imported from third-party systems

Your user forgot the password. How do you resolve this?

A. Use the Manage Users page to update the user's information and change the password.

B. Use Oracle Identity Management (OIM) to reset the user's password.

C. Log in to the user's machine as an Administrator and change the password from the login pa

D. Use Access Policy Manager (APM) to reset the user's password.

E. Create a new user ID and password for the user.

Your customer wants to create fully balanced balance sheets for the Company, Line of Business, and product segments for both financial and management reporting.

What is Oracle's suggested best practice for doing this?

A. Create a segment that acts as the primary balancing segment and create values that represent a concatenation of all three business dimensions.

B. Use account hierarchies to create different hierarchies for different purposes and use those hierarchies for reporting.

C. Create three segments and qualify them as the primary balancing segment, second, and third balancing segments, respectively.

D. Create two segments where the first segment represents the concatenation of Company and Line of Business, and then enable secondary tracking for the Product Segment.

You operate in a country whose unstable currency makes it unsuitable for managing your day-to- day business. As a consequence, you need to manage your business in a more stable currency while retaining the ability to report in the unstable local currency. What would be your recommendation when defining ledgers?

A. Define Balance-Level Reporting Currencies in the more stable currency and run Translation as often as you need.

B. Use Journal-Level or Subledger-Level Reporting Currencies denominated in the more stable currency.

C. Run Revaluation as often as you need to the more stable currency and report on the more stable currency'sbalances.

D. Create a secondary ledger that uses a different chart of accounts that is denominated in the more stable currency.

What's the difference between subject areas that append the word "Real Time" and those that do not?

A. There is no difference.

B. The "Real Time" subject areas are based on real-time transactions and all others are based on Historical data.

C. The "Real Time" subject areas are based on real-time transactions in Fusion Applications, and all others are based on data stored in the Oracle Business Intelligence Applications data warehouse.

D. The "Real time" subject areas are based on sub ledger transactions and all others are based on general ledger balances.

You want to process multiple allocations at the same time. What feature do you use?

A. RuleSets

B. Point of View (POV)

C. Formulas

D. General Ledger Journal entries