The Create Accounting program could not determine the debit side of the journal entry.
Which component of Subledger Accounting determines the debit or credit side of a journal entry? Journal Balances Rule Journal Entry Rule Set Journal Line Rule Journal Accounting Rule Account Rule.
You want toprevent intercompany transactions from being entered during the last day of the
close. What should you do? Freeze the Intercompany journal source in General Ledger Close all subledger periods Close the General Ledger period in the Manager Accounting Periods page Close Intercompany periods in Fusion Intercompany.
You are creating values for the chart of account value set that you are planning to use for the
account segment within yourChart of Accounts.
You are not able to assign an Account Type. What is the reason for this? You have not set the Allow Posting attribute for the value set
The Account Type qualifier has not been enabled when defining the value set You have not set the Allow Budgeting attribute for the value set You are creating values before assigning the value set to the structure.
Your company has a legal entity in the UK, US, and CanadA. They can all share the same chart
of accounts but are required to transact and report in their local currency.
What is the minimum number of ledgers you need and why? One, because they can all share the same chart of accounts Three, because each requires a different currency Two, because the US and Canada can share the same ledger because they are in North America Four, because the UK has statutory requirements and you will need a separate ledger for statutory
reporting.
You have exported data from your budgeting application into a .csv file.
What should you use to load that data into General Ledger? The budget journal spreadsheet Enterprise Resource Budget Integrator File Based Data Import Application Developer Framework Desktop Integrator.
Which two statements areTRUEregarding the Balances Cubes in General Ledger? (Choose
two.) They are updated automatically when the General Ledger period is opened New dimensions can be added to a General Ledger Balances Cube They are updated automatically when the Revaluation process is run A new Balances Cube is created for a unique combination of Ledger and Currency
They are updated automatically when the Translation process is run.
Which three objectives must be considered when designing the chart of accounts? (Choose
three.) Anticipate growth and maintenance needs as organizational changes occur Effectively manage an organization's financial business Try to use all 30 segments and 25 characters per segment because you cannot change it later Consider implementing a single, global chart of accounts Limit the number of segments to those you need today to reduce data entry.
A subsidiary company, in a highly regulated country,where there is a legal requirement to
produce fiscal reports under local GAAP, is about to configure their General Ledger.
Given the following:
Subledgers transferring to general ledger must use the local currency.
There is a requirement to report to the parent company (not local currency) using International
Financial Reporting Standards (IFRS).
Which two ledger types should be configured to address this reporting requirement? (Choose two.) a primary ledger with the local accounting convention a reporting currency with the IFRS accounting convention a primary ledger with the IFRS accounting convention
a secondary ledger with the IFRS accounting convention a reporting currency with the local accounting convention.
What are the two benefits of having the Essbase cube embedded in General Ledger Cloud?
(Choose two.)
Posting performance is much faster Integrating with third-party systems is easier because the Essbase cube provides chart of accounts
mapping rules General ledger balances are multidimensional, allowing you to perform robust reporting and
analysis You can access real-time results for reporting and analysis because every time a transaction is
posted in General Ledger, multidimensionalbalances are also updated simultaneously You no longer need to create and maintain hierarchies because the Essbase cubes are created
when you create your chart of accounts.
Your Financial Analyst needs to interactively analyze General Ledger balances with the ability
to drill down to originating transactions. Which three features facilitate this? (Choose three.) Sunburst reports Online Transactional Business Intelligence Account Inspector Account Monitor Smart View.
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