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| Section | Objectives |
|---|---|
| Topic 1: Configuring Enterprise and Financial Reporting Structures | - Manage Geographies - Manage Legal Authorities and Legal Entities - Manage Ledgers - Manage Legal Jurisdictions - Manage Chart of Accounts - Manage Accounting Calendars - Manage Account Hierarchies |
| Topic 2: Period Close | - Perform Period Close Activities - Manage Accounting Periods - Close Monitoring and Reporting |
| Topic 3: Financial Reporting | - Account Groups and Reports - Smart View Reporting - Financial Reporting Studio - Financial Statement Generation |
| Topic 4: Configuring Ledgers | - Configure Reporting Currencies - Define Ledger Options - Manage Ledger Sets - Configure Secondary Ledgers |
| Topic 5: Budgetary Control and Encumbrance Accounting | - Encumbrance Accounting - Funds Check Processing - Configure Budgetary Control - Control Budgets |
| Topic 6: Intercompany Processing | - Intercompany Reconciliation - Process Intercompany Transactions - Configure Intercompany Balancing Rules |
| Topic 7: Journal Processing | - Recurring Journals - Create and Manage Journals - Allocation Rules - Configure Journal Approval - Journal Import and Posting |
In Financial Cloud, which three reporting tools can be used to access General Ledger balances? (Choose three.)
Correct Answer: A,C,E 🗳️
You have a requirement for the Intercompany Provider and Receiver distribution account to be balance automatically for all intercompany transactions.
What should you configure?
Correct Answer: D 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
The current implementation project covers Financials (with Fixed Assets and Expenses) with operations planned in three countries (USA, Italy, and India). a Which three labels are required when designing the chart of account structure for the Project.
Correct Answer: C,D,E 🗳️
You need to setup a calendar for fiscal year Apr-XX to Mar-YY where YY is the following year and you would like the periods to be named accounting to the year they fall in What Calendar format should you choose?
Correct Answer: C 🗳️
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
Correct Answer: B,C,D 🗳️
Explanation: Only visible for TrainingDump members. You can sign-up / login (it's free).
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