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| Section | Objectives |
|---|---|
| Intercompany Accounting | - Intercompany Processing
|
| Security and Data Access | - Access Management
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Journal Processing | - Journal Management
|
| Ledger Configuration | - Ledger Management
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Budgeting and Allocations | - Financial Planning
|
Which two statements are true about infotiles and infolets?
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
Your ledger currency is USD. At month end you have a balance on the Accounts Payable Liability Account of
100,000 Euros which is equivalent to USD 136,550. This balance needs to be revalued.
The month end exchange rate for revaluation is 1 Euro = 1.3755 USD.
What two statements are true for the resulting revaluation run? (Choose two.)
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
A subsidiary company is about to configure their General Ledger in a highly regulated country where there is a legal requirement to produce fiscal reports under local GAAP. Subledgers transferring to General Ledger must use the local currency, and 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 fulfill this reporting requirement?
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
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?
Explanation: Only visible for VCEPrep members. You can sign-up / login (it's free).
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