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NEW QUESTION 31
Which three objectives must be considered when designing the chart of accounts? (Choose three.)
- A. Effectively manage an organization’s financial business
- B. Anticipate growth and maintenance needs as organizational changes occur
- C. Consider implementing a single, global chart of accounts
- D. Limit the number of segments to those you need today to reduce data entry
- E. Try to use all 30 segments and 25 characters per segment because you cannot change it later
Answer: A,B,C
NEW QUESTION 32
A subsidiary company, in a highly regulated country, where there is a legal requirement to produce fiscal reports under local GAAP, is about to configure their General Ledger.
Given the following:
Subledgers transferring to general ledger must use the local currency.
There is a requirement to report to the parent company (not local currency) using International Financial Reporting Standards (IFRS).
Which two ledger types should be configured to address this reporting requirement? (Choose two.)
- A. a reporting currency with the local accounting convention
- B. a secondary ledger with the IFRS accounting convention
- C. a primary ledger with the local accounting convention
- D. a reporting currency with the IFRS accounting convention
- E. a primary ledger with the IFRS accounting convention
Answer: A,E
NEW QUESTION 33
Your customer requires physical invoices to be generated in Payables Cloud and Receivables Cloud for the Intercompany payables and receivables transactions. Which two statements are correct with regards to setting this up? (Choose two.)
- A. You must have implemented Payables Cloud and Receivables Cloud
- B. You only need to assign the Legal Entity and Organization Contact
- C. You must assign the corresponding Receivables and Payables Business Units
- D. You can only associate one Intercompany Organization per Legal Entity
Answer: A,C
NEW QUESTION 34
Your customer is planning to have three balancing segments for generating balance sheets and income statements at cost center segment and program segment levels.
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Which two recommendations would you give your customer? (Choose two.)
- A. Every journal where debits do not equal credits across the three balancing segments will result in the system generating extra journal lines to balance the entry
- B. Additional intercompany rules will need to be defined for the two additional balancing segments
- C. Additional intercompany balancing and clearing options will need to be defined
- D. When entering journals manually, the customer will need to make sure that debits and credits are equal across all balancing segments because the system will not automatically balance the journal
Answer: A,B
Explanation:
https://docs.oracle.com/cd/E25178_01/fusionapps.1111/e20375/F350915AN26721.htm
NEW QUESTION 35
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