Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - 1z0-333 Exam Practice Test

A. There is no need to define an intercompany segment. You can track the Intercompany trading partner using distinct intercompany receivable/payable natural accounts to identify the trading partner. B. Define an intercompany segment in the chart of accounts. The Intercompany module and the intercompany balancing feature in general ledger and sub ledger accounting will automatically populate the intercompany segment with the balancing segment value of the legal entity with which you are trading. C. Define an intercompany segment and qualify it as the second balancing segment to make sure all entries are balanced for the primary balancing segment and intercompany segment. D. There is no need to define an intercompany segment, the Intercompany module keeps track of the trading partners for you based on the Intercompany rules you define.

A. The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents. B. Use a Report Batch to run reports at a specific time to create set of snapshot reports based on accounting information at that specific point in time. C. Snapshot reports can only be viewed online. D. Using Workspace, assemble multiple reports into a book. E. Users can drill down on snapshot reports for future analysis.

A. You can define different rules for different charts of accounts, ledgers, legal entities, and primary balancing segment value. B. You can only define balancing rules for different journals' sources. You cannot define balancing rules for different journal categories. C. All ledgers engaged in an intercompany transaction must share the same chart: of accounts in order to define balancing rules D. You can define different balancing rules for different combinations of journal sources, journal categories, and transaction types

A. Open the ledger's period to begin entering transactions. B. A Data Access Set with full read/write access to the ledger is automatically created. C. You must define a Data Access Set to obtain full read/write access to the ledgers in the Accounting Configuration. D. Verify the data roles created and assign them to the General Ledger users.

A. You need to flatten the rows to be able to use drilldown in Smart View and you must publishtree to view the hierarchy in Essbase cubes. B. The tree should have at least two tree versions to reduce report and allocation maintenance. C. It is fine to have the same child value roll up to two or more different parent values. D. You must flatten the columns and publish the tree to view the hierarchy in Essbase cubes. E. You only need to flatten the columns if you plan to use the hierarchy in Oracle Transactional Business Intelligence (OTBI).

A. Use Oracle Hyperion Financial Management for this type of complex consolidation. B. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar,currency, and accounting method. Create a separate elimination ledger to enter intercompany eliminations. Then create a ledger set across all ledgers and report on the ledger set. C. Use General Ledger's Financial Reporting functionality to produce consolidated reports bybalancing segment where each report represents a different subsidiary. Any eliminating entries can be entered in yet another separate balancing segment. D. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances to theparent ledger, and then enter eliminating entries as a separate balancing segment in the parent ledger.

A. Budget Group B. Account Group C. Application Development framework Desktop Integral ion (ADFdi) D. Budget Controller E. Budget Account Group

A. Define five segments for the company, department, natural account, intercompany, and future use segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, intercompany segment, and no qualifier, respectively. B. Define three segments for the company, department, and natural account. The qualifiers shouldbe primary balancing segment, cost center segment, and natural account segment, respectively C. Define three segments tor the company, department, and natural account. The qualifiers for the first segment should be primary balancing segment and intercompany segment, cost center segment, and natural account segment, respectively. D. Define four segments for the company, department, natur.il account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, natural account segment, and intercompany segment, respectively.