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Oracle Financials Cloud: General Ledger 2024 Implementation Professional Sample Questions (Q85-Q90):

NEW QUESTION # 85
Which two statements are true if a journal description rule is defined with sources?

A. The sources must also be assigned to the accounting event class that is assigned to the journal entry rule set.
B. You cannot assign journal description rules to sources.
C. The description rule may be assigned to either the header or line level, or to both.
D. The description rule can only be assigned to the journal line level.
E. The description rule can only be assigned to the header or line level.

Answer: A,C

NEW QUESTION # 86
You entered users who are bothemployees and contingent workers. You want an automated way toassign, reassign, and remove rolesfrom users. What feature do you use?

A. Data Roles
B. Access Policy Manager's Role Generation
C. Oracle Identity Manager Roles Assignment
D. You cannot reassign contingent workers
E. Role Mappings

Answer: E

NEW QUESTION # 87
You notice that a lot of erroneous address data is being saved. How do you ensure that only valid addresses are entered in the system?

A. Define the Geography Validation for Country option to Error.
B. Define the Geography Validation for Country option to No Validation.
C. Redefine the geography hierarchy.
D. Redefine the location structure.

Answer: A

Explanation:
Geography validation is a feature that enables you to validate the address information entered for a location against the geography hierarchy defined for a country. You can set the Geography Validation for Country option to one of the following values:
* No Validation: No validation is performed on the address information.
* Warning: A warning message is displayed if the address information does not match the geography hierarchy, but the user can still save the address.
* Error: An error message is displayed if the address information does not match the geography hierarchy, and the user cannot save the address until the error is corrected. To ensure that only valid addresses are entered in the system, you should set the Geography Validation for Country option to Error. This will prevent users from saving erroneous address data and enforce data quality and accuracy. References:
* Oracle Financials Cloud: Enterprise Structures with General Ledger Implementation, Chapter 2: Define Geographies, Section: Geography Validation
* Oracle Financials Cloud: Implementing Enterprise Structures and General Ledger, Chapter 2: Define Geographies, Section: Geography Validation

NEW QUESTION # 88
There is a business requirement for a subsidiary company to report to the parent company on a monthly basis.
Given that:
The subsidiary is in another country from the parent.
There is no requirement to have daily balances.
The objective is to minimize the data stored in the reporting currency.
Which data conversion level should you recommend?

A. Subledger level
B. Spreadsheet level
C. Journal Level
D. Adjustment only level
E. Balances Level

Answer: E

Explanation:
According to Oracle documentation, when there is a business requirement for a subsidiary company to report to the parent company on a monthly basis with different currencies and no requirement to have daily balances, you should recommend Balance level as the data conversion level. A Balance level data conversion level enables you to translate balances from one currency to another at month-end or quarter-end for reporting purposes. A Balance level data conversion level minimizes the data stored in the reporting currency because it does not store daily balances or journal details. Therefore, option D is correct. Option A is incorrect because a Subledger level data conversion level stores daily balances and journal details in the reporting currency.
Option B is incorrect because a Journal Level data conversion level stores journal details in the reporting currency. Option C is incorrect because an Adjustment only level data conversion level does not translate balances from one currency to another. Option E is incorrect because a Spreadsheet level data conversion level does not exist.

NEW QUESTION # 89
A new Oracle Fusion Cloud client needs to produce an income statement on a regular basis using Smart View.
Which Smart View tool would be best for this?

A. Smart Queries
B. Query Designer
C. Account Groups
D. Smart Slices

Answer: B

Explanation:
Query Designer is a Smart View tool that enables you to create and modify ad hoc queries on General Ledger balances cubes. You can use Query Designer to select the dimensions, members, and filters that you want to include in your query, and then retrieve the data in a grid format in Excel. You can also save, open, and refresh your queries as needed. Query Designer is the best tool for producing an income statement on a regular basis using Smart View, because it allows you to easily access and analyze the income and expense accounts, as well as the ledger, period, currency, and other dimensions that are relevant for your report. You can also customize the layout and format of your grid, and use Excel functions and features to enhance your report. References:
* Overview of Smart View
* Creating an Ad Hoc Analysis in Smart View

NEW QUESTION # 90
......

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