Oracle Financials Cloud: General Ledger 2016 Implementation Essentials - 1z1-333 Free Exam Questions

A. Open the Ledgers page and update the CTA account and then rerun Translation for all periods required. The system will automatically update the translated balances.

B. Purge all translated balances, change the CTA account in the Ledger page, and rerun Translation for all periods required.

C. Define a new ledger and accounting configuration. The CTA account cannot be updated after the ledger has been in use.

D. Query the Translation journals and delete all of them, then change the CTA account in the Ledger page, and rerun Translation for all periods required.

A. Add the periods manually

B. Import the periods from a spreadsheet

C. The application automatically populates the next year when you open the first period a new fiscal year.

D. Use the Add Year button

A. Translate balances to the corporate currency for ledgers not in the corporate currency, use General Ledger's Financial Reporting functionality to produce consolidated reports by balancing segment where each report represents a different subsidiary.

B. Translate balances to the corporate currency, create a chart of accounts mapping to the corporate Chart of accounts, then transfer balances to the corporate consolidation ledger using the balance transfer program.

C. Use Oracle Hyperion Financial Management for this type of complex consolidation.

D. Create separate ledgers for each subsidiary that shares the same chart of accounts, calendar, currency and accounting method. Create a separate elimination ledger to enter intercompany eliminations, then create a ledger set across all ledgers and report on the ledger set.

A. Funds check

B. Requisition approved

C. Create change request on the requisition after submitting requisition for approval

D. Submit the requisition for approval

E. Requisition rejected by the buyer

F. Checkout and Save the requisition

A. Define one revaluation definition for all accounts (assuming all ledgers share the same chart of accounts) and simply change the parameters at run time.

B. Use hierarchies and parent values in your revaluation definition.

C. Define separate revaluation definitions for each class of accounts, currency, and different rate types.

D. Share revaluation definitions across ledgers that share the same chart of accounts.

A. Existing Account Rule

B. Source

C. Mapping Set

D. Value Set

E. Account Combination

F. Constant

A. You must define rules for every combination of specific categories and sources. Otherwise, theintercompany balancing will not work.

B. Set up a chart of accounts rule for every chart of accounts structure you have in order to ensurethat Intercompany Balancing will always find a rule to use to generate balancing accounts.

C. You can create a rule for all sources and categories by selecting the source "Other" and the category "Other."

D. If you choose to have rules at various levels, then intercompany balancing evaluates the rules in this order: Ledger, Legal Entity, chart of accounts, and primary balancing segment value.

A. Anticipate growth and maintenance needs as organizational changes occur.

B. Consider implementing a single, global chart of accounts

C. Effectively manage an organization's financial business.

D. Limit the number of segments to those you need today to reduce data entry.

E. Try to use all 30 segments and 25 characters per segment because you cannot change It later.