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| Section | Weight | Objectives |
|---|---|---|
| Chart of Accounts | 20% | - Designing and configuring chart of accounts structure - Cross-validation rules and segment security - Value sets, segments, and qualifiers |
| Reporting and Analysis | 10% | - Financial reporting using OTBI and Smart View - Trial balance and inquiry tools - Account inspector and balance analysis |
| Journal Processing | 20% | - Recurring, allocation, and reversal journals - Creating, approving, and posting journals - Journal import and validation |
| Consolidation and Close Process | 15% | - Consolidation methods and eliminations - Translation and revaluation - Period close and year-end processing |
| Ledgers and Accounting Configurations | 20% | - Currency and conversion rules - Defining ledgers, ledger sets, and reporting currencies - Accounting calendars and period management |
| Intercompany and Balancing | 15% | - Automatic balancing and elimination entries - Configuring intercompany accounts and rules - Intercompany reconciliation |
Your customer is expanding its operations. You defined a new ledger and several business units. However, you are unable to assign the newly generated data roles to existing Accounts Payables and Accounts Receivables users in the shared service center.
What should you do to correct the problem?
Correct Answer: A 🗳️
Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.
Correct Answer: B,C,E 🗳️
While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently created.
Which two options explain that?
Correct Answer: A,C 🗳️
You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?
Correct Answer: C 🗳️
Your foreign currency transactions need to be revalued every month. For balance sheet accounts, you reverse the revaluation journals in the next period. You are using the period-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?
Correct Answer: A 🗳️
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