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| Section | Objectives |
|---|---|
| Budgeting and Allocations | - Financial Planning
|
| Period Close and Financial Reporting | - Close and Reporting Activities
|
| Intercompany Accounting | - Intercompany Processing
|
| Journal Processing | - Journal Management
|
| Enterprise Structure and General Ledger Setup | - Enterprise Configuration
|
| Security and Data Access | - Access Management
|
| Ledger Configuration | - Ledger Management
|
You are planning to create an Income Statement using Smart View.
Which Smart View tool should you use for this?
Correct Answer: C 🗳️
Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).
Which two statements are true about the Intercompany Reconciliation report?
Correct Answer: B,E 🗳️
Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).
An Oracle Fusion Cloud customer has a complex enterprise structure that includes multiple legal entities in multiple countries. To match the intercompany balancing requirements, all four levels of rules have been defined. In user testing, the business experts are asking which rule will be considered first when balancing an intercompany journal?
Correct Answer: C 🗳️
Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).
Challenge 2
Manage Shorthand Aliases
Scenario
Your client intends to utilize the Shorthand Aliasfeature and would like to see how the aliases willappear when entering transactions.
Task 2
Create a shorthand alias for the US Chart of Accounts to record Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center.
Note:
. Prefix your alias name with 07, where 07 is your exam ID.
. There is no Product or Intercompany impact.
Correct Answer:
See the Explanation for the complete Solution.
Explanation
Here are the steps you need to follow:
In the Setup and Maintenance work area, go to the following:
Offering: Financials
Functional Area: Financial Reporting Structures
Task: Manage Shorthand Aliases
Select the chart of accounts that you want to create the alias for. In this case, it is the Corporate chart of accounts.
Click on the Add Row icon to create a new alias. Enter the following information:
Alias Name: RevDom
Account Template: 101-2000-400000-000-000-000
Description: Revenue Domestic for Supremo Fitness, Line of Business 2, and US Operations Cost Center Enabled: Yes Start Date: Today's date End Date: Blank Click on the Save and Close button to save the alias.
You have successfully created a shorthand alias for the US Chart of Accounts. For more information, you can refer to the following resources:
Account Aliases
Enter a GL Account Alias
Short Hand Alias in Fusion Financials Key Flexfield
How to Enable Account Shorthand Aliases
You need to add new transactional attributes to the journal approval notification in an implementation project.
Which two Business Intelligence catalog objects should you copy (or customize) and edit?
Correct Answer: B,D 🗳️
Explanation: Only visible for Prep4sureGuide members. You can sign-up / login (it's free).
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