You have just been hired to add a new subsidiary to the corporate enterprise structure in the customer's Oracle Fusion Cloud.
The subsidiary will capture transaction information from subledgers in the local currency and under International Financial Reporting standards (IFRS) and local GAAP for corporate reporting requirements, which will report via the use of a secondary ledger.
The secondary ledger is used only at period end; there is no need to have real-time transaction or Journal details. It is noted that most of the accounting between IFRS and Corporate GAAP is similar.
Which conversion level would you recommend to keep a thin secondary ledger?

• A. Journal ledger
• B. Balance level
• C. Adjustment only
• D. Sub-ledger level.

You are capturing rental costs for a building in a corporate cost center. At month end, you want to allocate those costs to the cost centers in the building based on the floor area occupied. A statistical journal has been entered to record the floor area. You use Calculation Manager to create the allocation.
Where do you reference the statistical balance within the allocation component?

• A. Source
• B. Allocation Range
• C. Offset
• D. Basis
• E. Target

You are planning to use Financial Reporting Web Studio to create your income statement and balance sheet reports.
Which report component allows you to connect with GL Balances Cube?

• A. Design Canvas
• B. Grid
• C. Object Browser
• D. Point of View

Which two statements are true regarding the Intercompany Reconciliation Report? (Choose two.)

• A. The report displays the intercompany receivables and intercompany payables balances in summary for a period.
• B. The report can be run using an additional currency and conversion rate that converts all amounts into a common currency for comparison.
• C. The report includes Ledger balancing lines generated when the primary balancing segment value (BSV) is in balance, but either the second or third BSVs are not.
• D. The report displays all clearing company balancing lines for a period.
• E. You can only drill down to the general ledger journal and then from there to the subledger journal entry.

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. Transfer Budget Balances to Budget Cubes has not been run.
• B. A value for the budget scenario is not created.
• C. Budgeting is not enabled in the Ledger options.
• D. Publish Chart of Accounts Dimension Members and Hierarchies to the Balances Cube has not been run.
• E. The Create Scenario Dimension Members program has not been run.