GL – Sundry Certification MCQs

Your new accountants have been making mistakes in reconciling accounts assigned to them. Your account balances have either spiked or dropped 30-40% every period due to human error. This causes delays in reconciliation. What feature can you use to be proactively notified of account anomalies in a more timely manner?

The Delete Translated Balances process provides the ability to completely reset translations in the event that significant changes are made to the accounting configuration.
Once the deletion process completes, what additional process must you run?

What is the most efficient way to add a new year to the accounting calendar?

The expense account of airfare was erroneously assigned to the account type “Liability”. Which method should you choose to fix the problem?

Which two methods can your General Ledger accountants use to more easily view large amounts of data contained in the tables in their work areas? (Choose two.)

You just submitted the Accounting Configuration. What two things must happen before you can enter journals? (Choose two.)

In which two ways can your users customize the Springboards and Work Areas to suit their individual working styles? (Choose two.)

Your company has complex consolidation requirements with multiple general ledger instances. You are using Oracle Hyperion Financial Management to consolidate the disparate General Ledgers. You can typically map segments between your general ledger segment to a Hyperion Financial Management segment, such as Company to Entity, Department to Department, and Account to Account. What happens to segments in your source general ledger, such as Program, that cannot be mapped to Hyperion Financial Management?

Management has added a requirement to segregate the duties of transferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.)

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?

Which statement is true when creating an Implementation Project for Financials Cloud?

Who are the three primary Functional Setup Manager users?

You are required to enter a high volume of users into the system. What does Oracle consider best practice to do this?

Your customer operates three shared services that perform accounting functions across 50 countries What feature allows them to share setup data, such as Payment Terms, across Business Units?

Which two delivered roles can access the full functionality of Functional Setup Manager?

Which repot show you differences between your subledger balances and General Ledger balances?

Identify three functions of Functional Setup Manager:

You just submitted the Accounting Configuration. Which two statements are correct?

You are setting up Close Monitor, which compromises a ledger set hierarchy definition.
Which two components of the enterprise structure should the ledgers in the ledger set share? (Choose two.)

You want to monitor the close process of all your financial subledgers and ledgers. How can you quickly obtain this information?

How can your Accounting Manager expedite journal processing during the time-critical month-end close?

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?

You want to automatically post journal batches imported form subledger sources to prevent accidental edits or deletions of the subledger sources journals, which could cause an out-of-balance situation between your subledgers and general ledger. Which two aspects should you consider when defining your AutoPost Criteria? (Choose two.)

Account combinations can be created and/or modified using the Import Account Combinations file- based data import (FBDI).
Which represents the appropriate upload steps?

Which AMX builder method is most effective in routing the journals to the Accounting Manager when his subordinate, The General Accountant, enters a journal?

How do Cross Validation Rules (CVRs) handle existing violations in the Code Combinations Identification (CCID) table?

You want to be notified of anomalies in certain account balances in real time. What is the most efficient way to do this?

Identify three roles that get access to the reports in the Fusion Accounting Hub Reporting Cloud Service (FAHRCS). (Choose three.)

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?

You transact in 50 different currencies and you need to define a high volume of revaluation definitions. Which two methods are Oracle recommended best practices for streamlining this process?

You need to integrate Fusion Accounting Hub with external source systems used for Billing. Identify the step that is not correct when implementing this integration.

You customer is a financial Institution that needs to maintain Average Daily Balances (ADB). Which two statements are true regarding this functionality in Fusion Applications?

You are reconciling your Payables the Receivables balances against the General Ledger.
You are using the Payables to Ledger Reconciliation report. You notice discrepancies between the balances in the subledgers, subledger accounting, and general ledger.
Which three factors are responsible for these out-of-balance situations?

You are implementing Financials Cloud and are using spreadsheets to load Legal Entities, Business Units, and Account Hierarchies.
Which three setup objects can be loaded via a spreadsheet from Functional Setup Manager?

You entered users who are both employees and contingent workers. You want an automated way to assign, reassign, and remove roles from users. What feature do you use?

You created your first Implementation Project and assigned the Application Implementation Consultant role to your user. However, you are unable to access Security Console. This issue was caused because you did not assign the _____.