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NEW QUESTION 52
What is most efficient way to add a new year to the accounting calendar?

  • A. The Application automatically populates the year when you open the first period of a new fiscal year.
  • B. Import the periods from a spreadsheet
  • C. Add the periods manually
  • D. Use the Add Year button

Answer: D

 

NEW QUESTION 53
You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies. Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

  • A. complete Accounting Configuration
  • B. chart of account values, accounting calendar, and ledger
  • C. Banks, Bank Accounts, and Branches
  • D. Suppliers and Customers
  • E. setup data for Receivables and Payables product

Answer: B,C,D

Explanation:
Cash Management Rapid Implementation: Overview Use Microsoft Excel templates to rapidly implement the following setup objects:
* Banks
* Bank Branches
* Bank Accounts Represent your enterprise structures in your chart of accounts, ledger, legal entities, and business unit configuration to track and report on financial objectives and meet reporting requirements. These components provide the underlying structure for organizing financial information and reporting. The chart of accounts within the ledger facilitates:
* Aggregating data from different operations, from within an operation, and from different business flows
* Consistent definitions to your stakeholders in compliance with legislative and corporate reporting standards and aids in management decisions Rapid implementation is a way to configure a financial enterprise and financial reporting structures quickly using sheets in a workbook You can modify your enterprise structure setup, validate the spreadsheet, and preview the revised sample reports for as many times as you need. The account hierarchies are created when you finally submit the accounting configuration in the rapid implementation spreadsheet.
https://docs.oracle.com/cloud/latest/financialscs_gs/FACSF/FACSF1004386.htm#FACSF1236038

 

NEW QUESTION 54
You are required to change today’s daily rates for converting GBP to USD. What are three ways in which you can update existing daily rates

  • A. Update rates manually using the Currency Rates Manager, which can be accessed only from the Functional Setup Manager
  • B. Update rates manually using the Currency Rates Manager, which can be accessed from the Functional Setup Manager or the General Ledger’s Period Close work area
  • C. Edit existing transactions and update the rates manually
  • D. Use the spreadsheet loader from the Currency Rates Manager
  • E. Import daily rates through the Daily Rates open interface table

Answer: A,B,E

Explanation:
Option 1 & 2 are confusing , you can verify this solution by your own, in our understanding it will be option 2 whereas 3 &4 are confirmed

 

NEW QUESTION 55
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