Question # 1
You are using the Create Budgets in a Spreadsheet option to load your budget balances into the General Ledger balances cube. Your FYXX Budget is not appearing in the Budget Name list of values. What are two reasons for this?
| A. A value for the budget scenario is not created.
| B. Transfer Budget Balances to Budget Cubes has not been run.
| C. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
| D. Budgeting is not enabled in the Ledger options.
| E. The Create Scenario Dimension Members program has not been run.
|
A. A value for the budget scenario is not created.
E. The Create Scenario Dimension Members program has not been run.
Explanation:
To use the Create Budgets in a Spreadsheet option, you need to have a budget scenario value and a scenario dimension member for your budget. A budget scenario value is a user-defined value that identifies a budget, such as FYXX Budget. A scenario dimension member is a member of the scenario dimension in the General Ledger balances cube that corresponds to a budget scenario value, such as FYXX_Budget.
You can create budget scenario values and scenario dimension members using the Manage Budget Scenario Values task or the Create Scenario Dimension Members program. If you do not create these values and members, your budget will not appear in the Budget Name list of values in the spreadsheet. Therefore, the two reasons for your issue are:
A value for the budget scenario is not created: You need to create a budget scenario value for your budget using the Manage Budget Scenario Values task. This task enables you to define and maintain budget scenario values and their attributes, such as description, start date, end date, and status. You can also specify whether the budget scenario value is enabled for budgeting and reporting. You need to enable the budget scenario value for budgeting to use it in the spreadsheet.
The Create Scenario Dimension Members program has not been run: You need to run the Create Scenario Dimension Members program to create scenario dimension members for your budget scenario values. This program automatically creates scenario dimension members for all budget scenario values that are enabled for budgeting and do not have existing scenario dimension members. You can run this program manually or schedule it to run periodically. You need to run this program after you create or update budget scenario values to ensure that they are reflected in the scenario dimension.
References:
Create Budgets in a Spreadsheet
Manage Budget Scenario Values
Create Scenario Dimension Members
Question # 2
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
| A. Ledger-level rule
| B. Legal entity-level rule
| C. Chart of accounts rule
| D. Primary balancing segment rule
|
D. Primary balancing segment rule
Explanation:
When balancing an intercompany journal, Oracle Fusion Cloud will first look for a primary balancing segment rule that matches the provider and receiver primary balancing segment values. If such a rule exists, it will be used to generate the intercompany receivables and payables accounts. If not, Oracle Fusion Cloud will look for a chart of accounts rule, then a legal entity-level rule, and finally a ledger-level rule. The primary balancing segment rule has the highest priority and the ledger-level rule has the lowest priority.
References:
Overview of Intercompany Balancing Rules
Intercompany Balancing Rules
Troubleshooting Guide For Intercompany Balancing
Example of Generating Intercompany Receivables and Intercompany Payables Accounts
Question # 3
Which two statements are true about infotiles and infolets?
| A. You can refresh infolets to see up-to-date data.
| B. Infotiles pull data from a Smart View analysis.
| C. Infolets are accessed only from the News Feed home page layout.
| D. You can create your own user-defined infolets.
| E. Infotiles have Front view. Back view, and Expanded view.
|
A. You can refresh infolets to see up-to-date data.
E. Infotiles have Front view. Back view, and Expanded view.
Explanation:
Infotiles and infolets are graphical components that display key information and metrics on the General Accounting dashboard. They help users access many sources of information across the enterprise in an efficient, timely, and engaging manner. Infolets can be refreshed to see up-to-date data by clicking the Refresh icon on the infolet. Infotiles have three views: Front view, which shows a summary of the most important information; Back view, which shows additional details and actions; and Expanded view, which shows a full-screen view of the infotile content.
References:
Oracle Financials Cloud: Using General Ledger, Chapter 6: Financial Reporting and Analysis, Section: General Accounting Infolets
Oracle Financials Cloud: Implement General Ledger, Chapter 1: Overview of Oracle Financials Cloud, Section: Overview of Using Infolets to Identify Issues and Prioritize Tasks
Question # 4
When creating your financial statements, you want a chart such as a bar graph to be included in the report output. Which two reporting tools allow you to achieve this?
| A. Smart View
| B. Financial Reporting Studio
| C. Account Inspector
| D. Financial Statement Generator
|
A. Smart View
B. Financial Reporting Studio
Explanation:
Smart View and Financial Reporting Studio are two reporting tools that allow you to create and include charts such as bar graphs in your financial statements. Smart View is a multidimensional pivot analysis tool that enables you to interactively analyze your balances and define reports using a familiar spreadsheet environment. You can also insert charts and graphs to visualize your data. Financial Reporting Studio is a tool that lets you design and format financial reports using data from the Oracle General Ledger balances cube. You can also add charts and graphs to enhance your reports and display data trends.
References:
Overview of Financial Reporting Center, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud/saas/financials/23b/faiah/overview-of-financial-reporting-center.html
Using Smart View with Oracle Financials Cloud, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud/saas/financials/23b/fasvf/using-smart-view-with-oracle-financials-cloud.html
Creating Financial Reports, Oracle Cloud Applications Financials 23B, https://docs.oracle.com/en/cloud/saas/financials/23b/farug/creating-financial-reports.html
Question # 5
On a primary ledger in the system options close section, the following field has been selected 'Prevent General Ledger Period Closure When Open Subledger Periods Exist'. For which three subledgers can you opt out of the period close checking feature by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE? (Choose three.)
| A. Receipt accounting
| B. Receivables
| C. Revenue Management
| D. Assets
| E. Order Management
|
A. Receipt accounting
B. Receivables
D. Assets
Explanation:
According to Oracle documentation3, you can opt out of the period close checking feature for these three subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE: Receipt accounting, Receivables, and Assets. The period close checking feature prevents you from closing a General Ledger period if there are any open subledger periods that exist for that ledger. You can opt out of this feature for specific subledgers by using the lookup ORA_GL_INCLD_STRICT_PRD_CLOSE and setting the Enabled flag to No for those subledgers.Therefore, options A, B, and D are correct. Option C is incorrect because Revenue Management is not a subledger that can be opted out of the period close checking feature. Option E is incorrect because Order Management is not a subledger that can be opted out of the period close checking feature.
Question # 6
Task3
Manage Chart of Accounts Mappings
Scenario
Your client needs to consolidate their UK Ledger to the Canadian parent ledger. Each Chart of Accounts has the following segments:
Company-LoB-Account-Cost Center-Product-Intercompany Know that the Company, LoB, Product, and Intercompany segments share the same value sets.
Create a Chart of Accounts mappings to map UK Chart of Accounts to CA Chart of Accounts that meets the following specifications:
Cost Center Mapping
. Balance Sheet (0 and 000) should be mapped to Balance Sheet
. All other cost centers should be mapped to 610 Account Mapping
. Asset accounts (in the 1000 range) should be mapped to account 11101
. Liability accounts (in the 2000 range) should be mapped to account 22100
. Equity accounts (in the 3000 range) should be mapped to account 34000
. Revenue accounts (in the 4000 range) should be mapped to account 42000
. Expense accounts (from 5000 onwards) should be mapped to account 51100
Note:
· Do not use conditions based on parents.
. Treat any account after the 5000 range as an expense.
· Ensure all maps are numeric only.
· When creating your mapping rules for each segment
please allow for existing and future segment values |
Explanation:
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Select the source chart of accounts (UK) and the target chart of accounts (CA) that you want to map.
Click on the Segment Rules tab to define the segment mapping rules. Enter the following information for each segment:
Click on the Save and Close button to save the segment mapping rules.
You have successfully created a Chart of Accounts mapping for the given scenario.
For more information, you can refer to the following resources:
Overview of the Chart of Accounts Mapping Page
Chart of Accounts Structures and Instances
How To Create A Chart Of Accounts Mapping For A Secondary Ledger
How To Bulk Upload The Mapping Rules In “Manage Chart of Accounts Mapping”
Centralized Management of Chart of Accounts Configurations
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