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NEW QUESTION # 22
The cloud client wants to drive an efficient transfer of accounting entries between Subledger Accounting and their General Ledgers. Hence, they are skipping the Post Subledger Journal Entries and Journal Import processes.
Under what three conditions are the improvements to transfer of Subledger Accounting entries to General Ledger enhancement ignored?
- A. When the Multiperiod Accounting process is submitted
- B. When the Create Accounting process is submitted in Final and Post modes
- C. When accounting is transferred outside of Fusion General Ledger
- D. When online accounting is submitted from the transaction pages
Answer: A,B,D
NEW QUESTION # 23
Which four actions can you take by using Security Console?
- A. Manage User Name Generation Rules and Password Policies
- B. Manage Data Access for Users
- C. Manage Password of Other Users
- D. Manage Automatic Data Provisioning
- E. Compare Roles
- F. Create Roles
Answer: A,C,E,F
NEW QUESTION # 24
Which predefined role allows a user to manage the period close activities in the General Ledger (GL) application?
- A. General Accountant
- B. Financial Analyst
- C. Chief Financial Officer (CFO)
- D. General Accounting Manager
Answer: D
NEW QUESTION # 25
You design an income statement report with the help of Financial Reporting Web Studio. You add row numbers 3, 4, and 5 to reflect the balances for three different expense accounts and row number 6 to reflect the sum of row numbers 3, 4, and 5.
Which formula should be used on row number 6 to calculate the sum?
- A. ({3:5})
- B. ([3:5])
- C. ([3,5])
- D. ([3;5])
Answer: B
NEW QUESTION # 26
Challenge 3: Manage User Define Formulas
TASK
Create User Defined Formula for Admin Charges
Subledger Application: AHC Billing
Process Category: AHC Billing
Event Class: AHC Billing
Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement
Answer:
Explanation:
See the Explanation below for all the solution.
Explanation:
Step-by-Step Guide to Create a User Defined Formula for Admin Charges in Oracle Fusion Step 1: Navigate to Manage User Defined Formulas
* Log into Oracle Fusion with privileges to configure Subledger Accounting.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), navigate to:
* Financials
* Subledger Accounting
* Manage User Defined Formulas.
Step 2: Create a New User Defined Formula
* ClickCreateto define a new formula.
* Enter the following details:
* Name: Admin Charges Formula
* Subledger Application: AHC Billing
* Process Category: AHC Billing
* Event Class: AHC Billing
* Event Type: Customer Billing, Customer Pay In, Customer Refund, Customer Settlement
* Data Type:Number
* Description: Formula to calculate admin charges for billing events.
* ClickSave, then proceed to define the logic.
Step 3: Define the Formula Logic
Example Formula for Admin Charges:
AssumeAdmin Chargesare calculated as5% of Transaction Amount, with aminimum charge of $10.
* Enter the formula using Oracle's formula syntax:
CASE
WHEN {Transaction Amount} * 0.05 >= 10 THEN {Transaction Amount} * 0.05 ELSE 10 END
* ClickValidateto check for errors.
Step 4: Assign the Formula to the Required Accounting Rules
* Navigate toManage Account Rules.
* Find theAdmin Charges Account Rule(or create one if needed).
* In theCondition Definition, selectUser Defined Formulaas the Source.
* ChooseAdmin Charges Formulaas the value.
* ClickSave and Close.
Step 5: Validate and Deploy the Formula
* ClickValidateto ensure correctness.
* Deploy the formula by submitting the changes.
* Attach the formula to relevantJournal Entry Rule Sets(if applicable).
Step 6: Test the User Defined Formula
* Navigate toSubledger Accounting > Accounting Entries.
* Generate accounting for different test transactions:
* Example 1: IfTransaction Amount = $500, Admin Charges =$25(5% of 500).
* Example 2: IfTransaction Amount = $100, Admin Charges =$10(since 5% of 100 = $5, but the minimum is $10).
* Verify that theAdmin Chargesare correctly derived in accounting entries.
NEW QUESTION # 27
You are implementing Accounting Hub Cloud for one of your clients. Your client has agreed to have six segments for the chart of accounts: Company, Line of Business, Account, Department, Product, and Intercompany.
For one of the journal line rules, your client requests you to assign a common account rule for Company, Line of Business, Account, and Intercompany. However, for Department and Product, they want to use segment- specific rules.
How will you achieve this while setting up the journal entry rule set?
- A. Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
- B. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
- C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
- D. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while assigning the accounting method to the ledger
Answer: A
NEW QUESTION # 28
To create journal entries, the Create Accounting process takes source data used in accounting rules from tables or views.
What are the tables or views called?
- A. Event entities
- B. Mapping sets
- C. Transaction objects
- D. Source objects
Answer: C
NEW QUESTION # 29
Your client provides loans to their customers. You are appointed as a consultant to implement Accounting Hub Cloud and standardize the accounting process. Your client wants to retrieve the segment values for the debit and credit side of journal entries based on different criteria.
Which FOUR value types should you use in the definition of your account rules to generate journal entries as per the customer's requirement?
- A. Value set
- B. Account combination
- C. Source
- D. Mapping set
- E. Account rule
- F. Constant
Answer: C,D,E,F
NEW QUESTION # 30
Your client, a banking organization, is currently using different transaction systems to take care of various types of loans, including vehicle loans, personal loans, education loans, and housing loans.
You recently uploaded the source system data that includes Loan Origination, Loan Interest Accrual, Loan Scheduled Payment, Loan Interest Adjusted, Loan Late Payment, and Loan Charge Off as event types.
Now the customer has asked you to add another transaction type called Loan Interest Accrual Reversal.
What should be your response to the customer?
- A. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
- B. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
- C. A new transaction type cannot be added after the source system is registered.
- D. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
Answer: B
NEW QUESTION # 31
Your client has decided to implement Accounting Hub along with other Oracle-owned subledgers. They want to know about the predefined accounting methods that Oracle provides.
Which three are the predefined accounting methods?
- A. Standard Accrual for USA
- B. Standard Accrual
- C. Standard Accrual for Japan
- D. Standard Accrual with Encumbrances
- E. Standard Accrual for China
Answer: B,C,D
NEW QUESTION # 32
Your company is part of the financial services industry and manages various types of transactions, such as Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep, in their source system. While analyzing the source transaction system, you are asked to propose an event model based on the activities performed by the company.
Based on your analysis, what should the Notional Amount on Trade Positions, Premium Amount, Premium Settlement, and Premium Sweep transactions be defined as while registering the source system?
- A. Event classes
- B. Journal sources
- C. Source systems
- D. Event types
Answer: D
NEW QUESTION # 33
Which TWO privileges are recommended while enabling Audit History on several key business objects?
- A. Audit Assignment Grade
- B. View Audit History
- C. Manage Audit Policies
- D. Manage Application Objects
Answer: B,C
NEW QUESTION # 34
You are trying to explain to an accountant that account override is an adjustment feature of Subledger Accounting.
Which TWO traits can help you further explain this feature?
- A. It provides an audit trail by preserving the original subledger journal entry
- B. It is intended to correct only the subledger journals that have been posted
- C. It allows users to record a reason for the adjustment
- D. It adjusts the original source transaction
Answer: A,C
NEW QUESTION # 35
Which statement is true about journal entry rule sets?
- A. Description rules can be assigned at both the header and the line level of a journal entry rule set.
- B. Description rules can be assigned only at the line level of a journal entry rule set.
- C. Description rules can be assigned only at the header level of a journal entry rule set.
Answer: A
NEW QUESTION # 36
You are tasked with troubleshooting a Create Accounting error.
What is the first step you need to take to use the Diagnostics Framework features?
- A. Run the Accounting Events Diagnostic report
- B. Submit the Accounting Event Diagnostics process
- C. Run Create Accounting again to generate journal entries for the events that ended in error
- D. Set the "SLA: Enable Diagnostic" profile option
Answer: D
NEW QUESTION # 37
Your client has a requirement to report directly from transactional tables and return the results in real-time, thus eliminating the need for a data warehouse.
Which tool would you suggest to your client to achieve this?
- A. Oracle Transactional Business Intelligence
- B. Financial Reporting Studio
- C. Smart View
- D. Account Group
Answer: A
NEW QUESTION # 38
Your customer has four external systems to manage their home loan, auto loan, consumer loan, and personal loan businesses. They have decided to implement Accounting Hub to import the transactional data for generating journal entries from these source systems. While evaluating different possibilities, they ask you to provide your suggestion on sharing accounting rules for these external systems.
Which implementation setup allows the sharing of accounting rules for all four external systems?
- A. One subledger for all four source systems
- B. Four subledgers, one for each source system
- C. Three subledgers, one for home loan and auto loan, the second for consumer loan, and the third for personal loan
- D. Two subledgers, one for home loan and auto loan and another for consumer loan and personal loan
Answer: A
NEW QUESTION # 39
You are implementing Accounting Hub for one of your client organizations in the US. The organization has two legal entities, loans and insurance. Both the legal entities have agreed to share the same chart of accounts and convention. However, the loans legal entity will use the January to December calendar, while the insurance legal entity will use the July to June calendar.
How many primary ledgers will you create to achieve this requirement?
- A. Four
- B. Three
- C. One
- D. Two
Answer: D
NEW QUESTION # 40
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