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| Section | Weight | Objectives |
|---|---|---|
| Period Close and Financial Reporting | 20% | - Financial Reporting
|
| Intercompany Accounting | 15% | - Configure Intercompany
|
| Journal Processing and Approval | 20% | - Manage Journals
|
| Ledgers and Accounting Setup | 25% | - Budgetary Control and Encumbrance
|
| Enterprise and Financial Reporting Structures | 20% | - Configure Financial Reporting Structures
|
You have three ledgers that use the same chart of accounts with one intercompany payable and one intercompany receivable account. The chart of accounts also has an intercompany segment. Each ledger has one legal entity assigned to it and each legal entity is associated with one balancing segment value.
At what level should you define the default intercompany balancing rule?
Correct Answer: A 🗳️
Explanation: Only visible for ValidTorrent members. You can sign-up / login (it's free).
You have redesigned your chart of accounts and need to update your existing cross-validation rules. There is a requirement for new rules; some simply need to be updated and others need to be deleted.
What is the most efficient way to achieve this?
Correct Answer: C 🗳️
Explanation: Only visible for ValidTorrent members. You can sign-up / login (it's free).
Which delivered role can access the full functionality of Functional Setup Manager?
Correct Answer: A 🗳️
Explanation: Only visible for ValidTorrent members. You can sign-up / login (it's free).
When will Intercompany processing balance a journal using the accounts identified here for the UK Ledger?
Correct Answer: B 🗳️
Explanation: Only visible for ValidTorrent members. You can sign-up / login (it's free).
A company implementing Oracle General Ledger has a business requirement to report under two accounting conventions and is considering setting up a primary and secondary ledger. The two accounting standards are very close.
Which data conversion level should you recommend to ensure only manual journals will be entered in the secondary ledger?
Correct Answer: D 🗳️
Explanation: Only visible for ValidTorrent members. You can sign-up / login (it's free).
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