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1. You customer is a financial Institution that needs to maintain overage daily balances (ADB).
Which two statements are true regarding this functionality in Fusion Applications?
A) When using ADB, you must define a daily calendar and assign it to your ADB ledger.
B) ADB provides organizations with the ability to track average and end-of-day balances, reportaverage balance sheets, and create custom reports using both actual and average balances.
C) Average balances are stored for both subledger balances and general ledger balances.
D) Average balances are maintained for both actual and budget balances.
E) Average balances are stored in the Essbase cube.
2. You are reconciling your subledger balances and you need a report that includes beginning and ending account balances and all transactions that constitute the account's activities.
What type of report will provide this type of information?
A) Journals Reports
B) Aging Reports
C) An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries on transactions and balances
D) Account Analysis Reports
3. Your customer is having issues transferring intercompany transactions to General Ledger..
Identify three reasons for this.
A) Both the intercompany and general ledger periods are open.
B) If they are different, then the exchange rate is missing between the intercompany and ledger currency.
C) The corresponding Payables and Receivablesinvoicehave not been generated.
D) The intercompany period is closed.
E) The intercompany transaction is not approved.
4. You want to prevent intercompany transactions from being entered during the last day of the close.
What should you do?
A) Close Intercompany periods in Fusion Intercompany.
B) Close all subledger periods.
C) Close the General Ledger period in the Manage Accounting Periods page.
D) Freeze the Intercompany Journal source in General Ledger.
5. You need to create a month-end re-porting package for an upcoming Audit Committee meeting. You have 10 financial reports that you will need to share with executives and auditors.
In which three ways do you accomplish this?
A) The report contained in the book can be printed or viewed individually or as an entire book thatincludes a table of contents.
B) Users can drill down on snapshot reports for future analysis.
C) Snapshot reports can only be viewed online.
D) 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.
E) Using Workspace, assemble multiple reports into a book.
Solutions:
| Question # 1 Answer: B,D | Question # 2 Answer: A | Question # 3 Answer: B,C,E | Question # 4 Answer: A | Question # 5 Answer: A,D,E |
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