Oracle Financials Cloud: General Ledger 2021 9

Your customer has a large number of legal entities. The legal entity values are defined in the company segment which representsthe primary balancing segment. They want to easily create eliminating entries for their intercompany activity. What would you recommend?. Define an intercompany segment in the chart of accounts. The Intercompany module and the Intercompany balancing feature in general ledger and subledger accounting will automatically populate the intercompany segment which the balancing segment value of the legal entity with which you are trading. 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 to define. 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. 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 segmen.

Budgetary control for accounts 5020 and 5021 has a budget of $90,000USD each for the year 2012. The accounts also have balances on obligation of $10,000 USD for each and an expenditure of $20,000 USD for each. A Fund of $50,000 USD is available for account 5010 only. You have run the Encumbrance Year End Carry Forward process for obligation from the last period of the year 2012 to the first period of year 2013. Which statement is true. If you have included 5020 and 5021 in the encumbrance rule, then budget balances $90,000 USD, obligation $10,000 USD, and expenditure $20,000 USD, and the funds available $50,000 USD will be carried forward. The Encumbrance Year End Carry Forward processwill run for all the accounts to carry forward the general ledger balances. The Encumbrance Year End Carry Forward processwill run for all the accounts to carry forward the general ledger balances. If you have included 5020 and5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward. f you have included 5020 and5021 in the encumbrance rule, the budget balances $90,000 USD, obligation $10,000 USD and expenditure $20,000 USD only will be carried forward.

You entered the following information in the Companiesand Legal Entities tab of the Rapid Implementation Spreadsheet: Assuming currency is left blank in the Ledger worksheet, how many Ledgers will the process create?. 6. 3. 4. 5.

You are implementing a multipillar implementation of both HCM Cloud and ERP Cloud.You are implementing ERP first followed by HCM Cloud. You want to ensure your ledgers and chart of accounts are correctly defined. What should you do? (Choose three). Deploy your chart of accounts. Use HCM's Enterprise Structure Configurator (ESC) first. Create your chart of accounts in the following order: value sets, COA structure, and instance before assigning values to the value sets. Use file-based spreadsheet loaders using UCM to mass load and maintain chart of accounts segment values and hierarchies. Use the Rapid Implementation spreadsheet when creating your enterprise structure.

Your customer uses Financials Cloud, Projects, Inventory and Procurement. Which two statements are true regarding intercompany accounting for these products? (Choose two.). Each product has its own Intercompany Accounting feature that needs to be set up separately. Within Financials Cloud, Intercompany Balancing Rules are used to balance both cross-ledger intercompany transactions and single-ledger Intercompany journals. Intercompany Balancing Rules are defined centrally and applied across Financials and Project Portfolio Management. They need to license a separate stand-alone Intercompany product that acts asthe Intercompany Accounting Hub.

You create an invoice for USD 100 that ismatched to a purchase order of USD 100. You validate the invoice to consume the budget and reduce funds available. And then later, you cancel the invoice. What happens to funds available when you cancel an invoice that requires budgetary control?. Funds available will change when the invoice is approved. The funds reserved for the purchase order is reinstated while the invoice expenditure is reserved by USD 100. The budget will increase by USD 100 and the funds available will decrease by USD 100. The budget and funds available will increase by USD 100.

Journal Description Rules are assigned to Subledger Journal Entry Rule Sets. What are the other three subcomponents of a Subledger Journal Entry Rule Set? (Choose three.). Accounting Date. Chart of Accounts. Journal Line Rules. Account Rules. Supporting References.

Your customer has enabled budgetary control for purchase orders. They have a purchase order for $1,000 USD which is fully reserved. An invoice for $600 is entered and matched to the purchase order, and the purchase order is closed for further invoicing. What happens to the remaining $400 USD?. Invoice type will have less funds available by $400 USD. $400 USD will be expired and not available for use. $400 USD will be added back to available funds. Only obligation type will have $400USD funds available. Manual encumbrance journal needs to be entered in General Ledger to release the budget amount of $400 USD.

Your customer has three legalentities, 50 departments, and 10,000 natural accounts. They use intercompany entries. What is Oracle's recommended practice when implementing a new chart of accounts? How many segments and what segment qualifiers should be used?. Define three segments for 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. Define four segments for the company, department, natural account, and intercompany segment. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, and intercompany segment, respectively. Define three segments for the company, department, and natural account. The qualifiers should be primary balancing segment, cost center segment, and natural account segment, respectively. 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.

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?. Oracle Transactional Business Intelligence (OTBI). Business Intelligence Publisher (BI Publisher). Financial Reporting Center. Smart View. Oracle Data Visualization Cloud Service.