Oracle Financials Cloud: General Ledger 2021 3

The expense account of airfare was erroneously assigned to the account type "Liability". Which method should you choose to fix the problem?. Deactivate the value. Run the "Segment Value Inheritance" program. Run the "Correct Misclassified Account" program. Run the "Update Balance Cube Chart of the Accounting Dimension" program.

Before implementing Financials Cloud, your customer used to manually reconcile their intercompany payables and receivables accounts. What is a more automated approach to do this?. Use Oracle Hyperion Close Manager to automatically reconcile intercompany account balances. In Financials Cloud, you must manually reconcile your intercompany account balances. Run the BI Publisher reports called Intercompany Transaction Summary and Account Details to automatically reconcile intercompany balances. Run the Intercompany Reconciliation report, which shows pairs of intercompany receivables and payables accounts that are out of balance. Create a query using Oracle Transactional Business Intelligence (OTBI) that will match the intercompany payables and receivables balances.

What are the two possible reasons for encumbrance created on the purchase order to go back to the budget or funds availability? (Choose two.). The purchase order is canceled or finally closed or rejected without performing any receipt or invoice. When the purchase order is set to accrue at receipt and partially received, then canceled or finally closed, encumbrance goes back to the extent of the unreceived amount. The requisition reserved successfully undergoes amendment and is rejected in the reapproval. When the requisition is set to accrue at period end and partially billed and then canceled or finally closed, encumbrance goes back to the budget to the extent of the unbilled amount.

You want to achieve multi-step cascading allocations, which feature do you use?. RuleSets. Formulas. Point of View (POV). General Ledger journal entries.

You are defining an income statement report. You want to allow viewers of the report to be able to drill down from report balances to the underlying transactions. What so you need to enable?. Drill Through in Grid Properties. Nothing. All report balances are drillable in all FR Studio reports. Allow Expansion. Report Functions.

You need to define a chart of accounts that includes an intercompany segment. Your the customer plans to use segment value security rules for the Company segment. What is Oracle'srecommended method to define this chart of accounts?. Define the company segment only and qualify it as both the primary balancing segment and intercompany segment. Define two different charts of accounts. Share the same value set for the company and intercompany segments to reduce chart of accounts maintenance. Use two different value sets for the company and intercompany segment because segment value security rules are at the value set level.

When creating your financial statements, you would like to have a chart, such as a bar graph, included in the report output. Which two reporting tools allow you to achieve this? (Choose two.). Financial Reporting Studio. Account Inspector. Smart View. Financial Statement Generator.

You entered a cross validation rule to prevent the balance sheet cost center (000) being used with Profit and Loss Accounts (4000-ZZZZ). - The following combinations exist in the Code Combination table: 01-000-4110-00, 01-000-5299-000, 01-000-5105-000 and01-000-7640-00 Which two statements are true regarding cross-validation rules? (Choose two.). The rules validate and apply to new accounts only. You need to run the Cross-Validation Rules process to list and optionallydisable combinations that violate rules. You need to run the Cross-Validation Rule Violations process to allow rules to apply to existing combinations that violate rules. There is no need to create cross-validation rules if Dynamic Combination CreationAllowed is not enabled for your chart of accounts instance. The rules will validate and apply to new and existing accounts.

Management has added a requirement to segregate the duties oftransferring journals to the General Ledger from the posting function. Which two new features allow this segregation? (Choose two.). Uncheck the Enable Posting from the Manage Subledger Accounting Options task. Journal entry spreadsheets are not impacted by this new function. Must have separate user defined roles using the privilege XLA_CREATE_GENERAL_LEDGER_AND_SUBLEDGER _JOURNALS. For previously scheduled automated processes, it is recommended to cancel and rescheduled the process for the option to be effective.

Your client has been using Budgetary Control for six months. Now, they want to use the Spend Authorization. After opting in the new feature Spend Authorization with Budgetary Control, what additional three actions need to be accomplished to activate this feature? (Choose three.). Enable Payment Request Subtypes. Rebuild the GL Balances Cube. Create a Payment Process Profile. Rebuild the Budgetary Control Cube. Enable spend authorization.