Question 1

You defined a tree or hierarchy, but you are unable to set its status to Active. What is the reason?

Options :

A : Two tree versions were not defined

B : An Audit process needs to be successfully performed before a tree version can be set to Active

C : Accounting Configuration was not submitted

D : Chart of accounts was not deployed

Answer: B

Question 2

Which reporting tool is best suited for submitting high-volume transactional reports, such as Invoice Registers or Trial Balance reports, that can be configured to extract the data in Rich Text Format or xml?

Options :

A : Oracle Transactional Business Intelligence (OTBI)

B : Business Intelligence Publisher (BI Publisher)

C : Financial Reporting Center

D : Smart View

E : Oracle Data Visualization Cloud Service

Answer: B

Question 3

You need to define multiple allocation rules as efficiency as possible.

Which three components can be reused across allocation rules? (Choose three.)

Options :

A : Point of View (POV)

B : Formulas

C : Run Time Prompts (RTP)

D : RuleSets

Answer: B,C,D

Question 4

Your customer is implementing budgetary control with encumbrance accounting. Your customer has businesses in Australia, New Zealand, and Singapore with a ledger in each country with a Corporate chart of account instance that has four segments. Which three statements are true regarding the creation of a control budget? (Choose three.)

Options :

A : The control budget structure has all the chart of account segments as budget segments

B : Control budgets are always absolute to generate encumbrance accounting

C : A control budget is associated to a ledger and creates three control budgets for Australia, New Zealand, and Singapore

D : A control budget can allow override rules only if the control level is absolute

E : A control budget can be associated with a different calendar than accounting calendar

Answer: A,B,D

Question 5

Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart of accounts

but are required to transact and report in their local currency.

What is the minimum number of ledgers you need and why?

Options :

A : One, because they can all share the same chart of accounts

B : Three, because each requires a different currency

C : Two, because the US and Canada can share the same ledger because they are in North America

D : Four, because the UK has statutory requirements and you will need a separate ledger for statutory reporting

Answer: A

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