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NEW QUESTION # 32
Your client 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. They want to retrieve the value of the Natural Account segment directly from the source system and are seeking your advice on this requirement.
Which TWO should you factor into your advice on how to register the source system using the spreadsheet template to meet your client requirement?
- A. Natural Account should be defined as a "Text" type source
- B. Chart of Accounts Value column should be updated with a value of "Yes"
- C. Natural Account should be defined as a "Long Text" type source
- D. Natural Account should be defined as a "Number" type source
Answer: A,B
NEW QUESTION # 33
You are designing an income statement report with the help of Financial Reporting 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][3;5][3;5]
- B. [3,5][3,5][3,5]
- C. 3:5{3:5}3:5
- D. [3:5][3:5][3:5]
Answer: D
NEW QUESTION # 34
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 to all the segments and create overriding rules for the Department and Product segment while creating the supporting references
- B. Assign Common Account Rule in the Account Combination rule field and assign Department and Product segment rules in the segment rules section
- C. Assign Common Account Rule to all the segments and create overriding rules for the Department and Product segment while creating the accounting method
- 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: B
NEW QUESTION # 35
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 their source transaction system, you are asked to propose an event model, based on the activities performed by the company.
According to 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. Journal sources
- B. Event classes
- C. Event types
- D. Source systems
Answer: C
NEW QUESTION # 36
Which two conditions must be met for automatic data provisioning to work?
- A. At least one of the user's assignments matches all data-mapping conditions in a data provisioning rule.
- B. The data provisioning rule has at least one job, one position, and one inventory organization assigned to it.
- C. At least one role is automatically provisioned to the user using role provisioning rules.
Answer: A,C
NEW QUESTION # 37
Challenge 1: Manage Journal Line Rule
TASK
Create 2 Journal Line Rule
Interest Receivable
Interest Income
Subledger Application: AHC Loan
Process Category: AHC Loan
Event Class: AHC Loan
Event Type: Loan Origination, Interest Accrual, Payment
Answer:
Explanation:
See the Explanation below for all the solution.
Explanation:
To create Journal Line Rules (JLR) in Oracle Fusion, follow these step-by-step instructions:
Step 1: Navigate to the Manage Subledger Journal Entry Rule Sets Page
* Log in toOracle Fusion Applicationswith a user that has privileges to configureSubledger Accounting Rules.
* Go toSetup and Maintenance.
* In theFunctional Setup Manager (FSM), select:
* Financials
* Subledger Accounting
* Manage Journal Line Rules
Step 2: Create the "Interest Receivable" Journal Line Rule
* ClickCreateto add a new Journal Line Rule.
* Enter the following details:
* Name: Interest Receivable
* Subledger Application:AHC Loan
* Event Class:AHC Loan
* Event Type:Loan Origination, Interest Accrual, Payment
* Account Class: (Choose the appropriate account class, such as "Receivable" or a custom account class)
* Line Type: Debit
* Description: (Optional, enter something like "Recognizes interest receivable")
* UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.
* Save and Close.
Step 3: Create the "Interest Income" Journal Line Rule
* ClickCreateagain to add the second Journal Line Rule.
* Enter the following details:
* Name: Interest Income
* Subledger Application:AHC Loan
* Event Class:AHC Loan
* Event Type:Loan Origination, Interest Accrual, Payment
* Account Class: (Choose an appropriate account class, such as "Revenue" or a custom account class)
* Line Type: Credit
* Description: (Optional, enter something like "Recognizes interest income")
* UnderConditions, define rules if needed to filter transactions for this Journal Line Rule.
* Save and Close.
Step 4: Validate and Deploy the Rules
* Navigate toManage Accounting Methods.
* Find the accounting method used for theAHC Loansubledger.
* Attach the newly createdJournal Line Rulesto the appropriateJournal Entry Rule Set.
* Validate the changes and submit them for approval.
* Once validated, deploy the accounting method.
Step 5: Test the Journal Line Rules
* Navigate toSubledger Accounting > Accounting Entries.
* Generate accounting for a testLoan Origination, Interest Accrual, or Paymenttransaction.
* Verify that the correct Journal Entries are created:
* Interest Receivable (DR)
* Interest Income (CR)
NEW QUESTION # 38
You are tasked with identifying the reason for a user from your client organization not being able to submit the job that imports the transaction data for accounting and posting in General Ledger.
You realize that a duty role needs to be associated with a job role for authorizing the access to import the accounting transactions process.
Which duty role would you suggest?
- A. Accounting Hub Import Duty Role
- B. Accounting Hub Create Accounting Duty Role
- C. Accounting Hub Integration Duty Role
- D. Accounting Hub Create and Post Journal Entry Duty Role
Answer: C
NEW QUESTION # 39
Where do you define the currency conversion type to be used in converting accounted amount for reporting currency ledger?
- A. Specify Ledger Options
- B. Manage Reporting Currencies
- C. Manage Accounting Attribute Assignments
- D. Manage Subledger Accounting Options
Answer: B
NEW QUESTION # 40
Which two options can you use to reconcile subledger journal entries with the source system?
- A. Tag supporting references with Journal Line Rules
- B. Submit the Subledger Accounting Diagnostics report
- C. Create and submit the Oracle Transactional BI Report to review supporting reference balances.
- D. Submit the Period Close Exception Report
Answer: B,D
NEW QUESTION # 41
In Functional Setup Manager, if setup data is segmented by a specific context, you can perform the setup task iteratively, such as assigning different ledger options to different primary ledgers.
Which action should you take to specify the context?
- A. Select the value for a Feature
- B. Select the value for a Scope
- C. Select the value for a Lookup Code
- D. Select the value for a Functional Area.
Answer: B
NEW QUESTION # 42
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. Journal sources
- B. Event classes
- C. Event types
- D. Source systems
Answer: C
NEW QUESTION # 43
Your new Oracle Fusion Cloud customer has a reporting requirement to balance general ledger journals not only between companies (primary balancing segments and Legal Entities) but also within divisions. The proposed chart of account structure has the following nine segments:
Company-Division-Department-Account-Subaccount-Product-Intercompany-Future1-Future2 Which segment label should be selected on Division to achieve the reporting requirement?
- A. Intercompany segment
- B. Second Balancing segment
- C. Management segment
- D. Local Use segment
- E. Cost Center segment
Answer: B
NEW QUESTION # 44
Your client, a banking organization, has operations in the USA, the UK, France, Japan, and Singapore. As an implementation consultant, you ask the project team to maintain a global chart of accounts. However, the management team in the UK does not agree to allow the generation of dynamic code combinations for the chart of accounts values.
What solution would you propose to address this scenario?
- A. Define two charts of accounts structures. Enable dynamic inserts for the first structure and disable it for the second one. Assign the first structure to the USA, France, Japan, and Singapore ledgers and the second structure to the UK ledger.
- B. Define two chart of accounts structure instances. Enable dynamic inserts for the first structure instance and disable it for the second one. Assign the first chart of accounts structure instance to the USA, France, Japan, and Singapore ledgers and the second chart of accounts structure instance to the UK ledger.
- C. Define one chart of accounts structure and disable dynamic inserts for the UK ledger by using the
"Allow Dynamic Inserts" profile option - D. Define one chart of accounts structure and enable dynamic inserts for the USA, France, Japan, and Singapore at the ledger options level, but disable it for the UK ledger
Answer: C
NEW QUESTION # 45
Your client has operations in both the US and the UK, and they currently use a third-party billing system to process transactions like Complete an Invoice, Record a Payment, Record Late Charges, and Recognize Revenue. You are part of the implementation team of the Accounting Hub solution, and they request you to generate a dynamic description based on the following scenario:
"When Invoice Date is greater than or equal to 1st January 2018, concatenate Project Number and Invoice Number else concatenate Customer Name and Invoice Number." In which format would you enter the date in the user-defined formula to achieve this requirement?
- A. DD-MON-YYYY
- B. DD-MON-YY
- C. YY-MON-DD
- D. YYYY-MON-DD
Answer: D
NEW QUESTION # 46
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. Transaction objects
- B. Mapping sets
- C. Source objects
- D. Event entities
Answer: A
NEW QUESTION # 47
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. A new transaction type cannot be added after the source system is registered.
- B. The source system should be registered again by including the Loan Interest Accrual Reversal event type.
- C. Loan Interest Accrual Reversal can be added as a new event type from the user interface.
- D. Loan Interest Accrual Reversal can be added as a new event type by using the update spreadsheet template.
Answer: C
NEW QUESTION # 48
Your customer needs to generate journal entries for the insurance premium collected from the sale of policies.
The different components of the premium collected by the company include Basic Premium and Tax.
While uploading the transaction details containing both Basic Premium and Tax amounts, which transaction source would you use to link the transaction header and line information?
- A. Document Sequence Number
- B. Transaction Number
- C. Transaction Type
- D. Document Key
Answer: B
NEW QUESTION # 49
A manual subledger journal did not reverse. What could be the reason for this?
- A. The Reverse Accrual On field was left null
- B. The next accounting period was future-enterable
- C. The next accounting period was open
- D. The Create Accrual Reversal Accounting process had run and completed with no errors
Answer: A
NEW QUESTION # 50
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