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| Section | Objectives |
|---|---|
| Topic 1: Period Close Process | - Close Activities
|
| Topic 2: General Ledger Configuration | - Ledger Setup
|
| Topic 3: Financial Reporting | - Reporting Tools
|
| Topic 4: Journal Processing | - Journal Approval and Posting
|
| Topic 5: Accounting and Subledger Integration | - Subledger Accounting
|
You want to define a tree or hierarchy for use in reports and allocations.
What three aspects should you remember when creating the tree?
Correct Answer: B,C,D 🗳️
The Accounting Manager requests that a schedule be created to automatically post journals from subledgers at different times.
Which journal attribute should you use to set the automatic posting criteria?
Correct Answer: A 🗳️
You need to define a chart of accounts that includes an intercompany segment. Your customer plans to use segment value security rules for the Company segment.
What does Oracle consider as best practice to define this chart or accounts?
Correct Answer: C 🗳️
Alter submitting the journal for approval, you realize that the department value in the journal incorrect. How do you correct the value?
Correct Answer: D 🗳️
Most of the accounting entries for transactions from your source system use TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For some events, you need to use TAX_AMOUNT as the source.
At what level can you override the default accounting attribute assignment?
Correct Answer: E 🗳️
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