Oracle

Exam 1z0
1z0-960
Oracle Financials Cloud: General Ledger 2017 Implementation
Essentials
Version: 5.0

[ Total Questions: 105 ]

Question No : 1

You want to enter budget data in Fusion General Ledger. Which method is not supported?

A. Smart View
B. Application Development Framework Desktop Integration (ADFdi)
C. File-based Data Import
D. Entering budget Journals

Answer: D

Question No : 2

You want to define an allocation rule where segment values are constants for rules
and formulas. What should you do?

A. Specify Run Time Prompts (RTP).

B. Always use the Outer Point of View (POV).
C. Never use the Outer Point of View (POV).
D. Only specify segment values in formulas.

Answer: D

Question No : 3

All of your subsidiaries can share the same ledger with their parent company and all reside
on the same application instance. They do perform intercompany accounting.

What does Oracle consider the best practice approach to performing consolidations?

A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
B. Use General Ledger's Balance Transfer programs to transfer subsidiary ledger balances

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to theparent ledger, and then enter eliminating entries as a separate balancing segment in
the parent ledger.
C. Use General Ledger’s Financial Reporting functionality to produce consolidated reports
bybalancing segment where each report represents a di different
fferent subsidiary. Any eliminating
entries can be entered in yet another separate balancing segment.
D. Create separate ledgers for each subsidiary that shares the same chart of accounts,
calendar,currency, and accounting method. Create a separate eliminelimination
ation ledger to enter
intercompany eliminations. Then create a ledger set across all ledgers and report on the
ledger set.

Answer: A

Question No : 4

You want to specify Intercompany System Options.

Which three factors should you consider?

A. Whether to enforce an enterprise

enterprise-wide
wide currency or allow in intercompany transactions
in local currencies
B. Whether to allow receivers to reject intercompany transactions
C. Automatic or manual batch numbering and the minimum transaction amount
D. Automatic or manual batch numbering and the maximum transaction amount
E. The approvers who will approve intercompany transactions

Answer: A,B,D

Question No : 5

You entered a journal and the client is asking for the following information:

• The current account balance

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• What the future account balance will be if the Journal is approved and

posted How will you get this information?

A. View the Projected Balance region in the Create Journals page.

B. Run a Trial Balance before and after posting.
C. Use Oracle Transactional Business Intelligence (OTBI) to query General Ledger
balances
D. Query the account balance online.

Answer: C

Question No : 6

You are reconciling your Payables the Receivables balances against the General Ledger.
You are using the Payables to Ledger Reconciliation report. You notice discrepancies
between thebalances in the subledgers, subledger accounting, and general ledger.

Which three
ee factors are responsible for these out-of-balance
out situations?

A. All sub ledger transactions have been entered but do not have complete
accounting. B. Subledger transactions have been accounted and transferred to
General Ledger but have not been posted
posted.
C. There were manually entered journals against the Payables and Receivables accounts
that were posted in General Ledger.
D. Intercompany transactions have not been fully processed.
E. Period Close processes,such as Revaluation, Translation, and Conso
Consolidation
lidation have not
beenperformed yet

Answer: B,D,E

Question No : 7

While creating a Journal Entry Rule Set, you are not able to use an Account Rule recently
created.

Which two options explain that?

A. The Account Rule is defined with a different chart of accounts from the Journal Entry
Rule Set.
B. The Account Rule's chartof accounts have no account values assigned
C. The Account Rule's conditions are not defined.
D. The Account Rule is using sources assigned to different event classes from that of the
associated Journal Entry Rule Set.

Answer: B,D

Question No : 8

You are defining intercompany balancing rules that are applied to a specific source and
category, such as payables and invoices, or a specific intercompany transaction type, such
as Intercompany Sales.

Which two statements are correct?

A. You must define rules for every combination of specific categories and sources.
Otherwise, theintercompany balancing will not work.
B. You can create a rule for all sources and categories by selecting the source "Other" and
the category "Other."
C. 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.
D. 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
balanc
accounts.

Answer: A,C

Question No : 9

Your customer wants to secure their primary balancing segment values to prevent
employees of one company from entering or viewing data of another company. You only
need this for General Ledger balances and reporting.

What two security features should you use?

A. Data Access Sets using an Access Set Type of Primary Balancing Segment
B. Cross-Validation Rules
C. Segment Value Security
D. Balancing Segment Value Assignment to Legal Entities

Answer: A,C

Question No : 10

You want to prevent intercompany transactions from being entered during the last day of
the close.

What should you do?

A. Close all subledger periods.

B. Close Intercompany periods in Fusion Intercompany.
C. Freeze the Intercompany Journal source in General Ledger.
D. Close the General Ledger period in the Manage Accounting Periods page.

Answer: B

Question No : 11

You lust submitted the Accounting Configuration. Which two statements are correct?

A. You must define a Data Access Set to obtain full read/write access to the ledgers in the
Accounting Configuration.
B. A Data Access Set with full read/write access to the ledger is automatically created.
C. Open the ledger's period to begin entering transactions.
D. Verify the data roles created and assign them to the General Ledger users.

Answer: C

Question No : 12

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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 Hyperion Financial Management?

A. The data is not transferred.

B. Data is summarized across segments that are not mapped to Hyperion
Financial Management
C. Errors occur for unmapped segments. You must map multiple segments from
source general ledgers to the target segment in Hyperion Financial Management.
D. The unmapped segments default to future use segments in Hyperion Financial
Management

Answer: C

Question No : 13

You need to define a chart of accounts that includes an intercompany segment. Your
customer plans to use segment value security rules for the Company segment.

What does Oracle consider as best practice to define this chart or accounts?

A. Share the same value set for the company and intercompany segments to reduce
chart of accounts maintenance.
B. Use two different value sets for the company and intercompany segment because
segment value security rules are at the value set level.
C. Define the company segment only and qualify it as both the primary balancing segment
andintercompany segment.
D. Define two different charts of accounts.

Answer: C

Question No : 14

The Accounting Manager requests that a schedule be created to automatically post

journals from subledgers at different times.

Which journal attribute should you use to set the automatic posting criteria?

A. Journal Category
B. Journal Source
C. Journal Batch
D. Journal Description

Answer: C

Question No : 15

When working with Essbase, versions of the tree hierarchy as defined in the Fusion
not available in the Essbase balances cube.

What should you do to correct this situation?

A. Make sure the tree version was published successfully.

B. Make sure to flatten the rows of the tree version.
C. Make sure the tree is active.
D. Redeploy the chart of accounts.

Answer: D

Question No : 16

Which three reporting tools are based on real

real-time data or balances?

A. Oracle Business Intelligence Applications (OBIA

B. Smart View
C. Business Intelligence Publisher (BI Publisher)
D. Oracle transactional Business Intelligence (OTBI)
E. Oracle Financial Reporting (FR)

Answer: B,D,E
Question No : 17

Most of the accounting entries for transactions from your source system use
TRANSACTION_AMOUNT as a source of the entered amount accounting attribute. For
some events, you need to use TAX_AMOUNT as the source.

At what level can you override the default accounting attribute assignment?

A. Event Type
B. Journal Line Rule
C. Event Class
D. Journal Entry Rule Set
E. Journal Entry

Answer: D

Question No : 18

You entered users who are both employees and contingent workers. You want an
automated way to assign, reassign, and remove roles from users. What feature do you
use?

A. Oracle Identity Manager Roles Assignment

B. Access Policy Manager's Role Generation
C. Role Mappings
D. Data Roles
E. You cannot reassign contingent workers.

Answer: C

Question No : 19

What type of user must be defined before you can create an Implementation Project?

A. None. The Fusion Applications Superuser, FAADMIN, has full access to create
an Implementation Project.
B. A full-time
time employee that has the FSM Superuser role assigned
assigne
C. None. The OIM system administrator user ID, XELSYSADM, which is assigned by
the person provisioning the system, has full access.
D. Implementation Users
E. All roles that will be used throughout the implementation

Answer: E

Question No : 20

You operate in a country whose unstable currency makes it unsuitable for managing your
day-to-day
day business. As a consequence, you need to manage your business in a more
stable currency while retaining the
the ability to report in the unstable local currency.

What would be your recommendation when defining ledgers?

A. Define Balance-Level
Level Reporting Currencies in the more stable currency and
run Translation as often as you need.
B. Use Journal-Level or Subledger
Subledger-Level
Level Reporting Currencies denominated in the more
stable currency.
C. Run Revaluation as often as you need to the more stable currency and report on
the more stable currency’sbalances.
D. Create a secondary ledger that uses a different chart o
off accounts that is denominated in
the more stable currency.

Answer: B

Question No : 21

How do you hide accounts with no balances showing #Missing in Smart view?

A. Select the Data/Missing check box in the Data Options tab.

B. Use Excel functions to hide rows with #Missing assigned
C. Choose the Suppress Zeros option under Data options.
D. This indicates a database connection issue. Try to reconnect to Fusion Applications.

Answer: A

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Question No : 22

What's the difference between subject areas that append the word "Real Time" and those
that do not?

A. There is no difference.
B. The “Real Time” subject areas are based on real
real-time
time transactions and all others are
based on Historical data.
C. The “Real Time” subject areas are based on real
real-time
time transactions in Fusion
Applications, and all others are based on data stored in the Oracle Business Intelligence
Applications data warehouse.
D. The “Real time” subject areas are based
based on sub ledger transactions and all others are
based on general ledger balances.

Answer: B

Question No : 23

Your foreign currency transactions need to be revalued every month. For balance sheet
accounts, you reverse the revaluation journals in the next period. You are using the period-
period
to-date
date (PTD) method of revaluation tor your income statement accounts.

When should you reverse revaluation journals, if at all required?

A. Reverse them in the same period as the revaluation run.

B. Both balance sheet and income statement revaluation journals should be reversed in the
period.
C. Never, because each period's revaluation adjustment is just for that period.
D. The reversals must be done at the end of each quarter.

Answer: B

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Question No : 24

Alter submitting the journal for approval, you realize that the department value in the journal
incorrect. How do you correct the value?

A. Delete the journal and create a new journal.

B. Update the journal through workflow
C. Click the Withdraw Approval button in the Edit Journals page and edit the journal.
D. Reverse the journaland create a new one.

Answer: B

Question No : 25

What are the tables or views from which the Create Accounting program takes source data
that is used in rules to create journal entries?

A. Transaction Objects
B. Event Entities
C. Mapping Sets
D. Accounting attributes
E. Event Classes

Answer: A

Question No : 26

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. An Online Transactional Business Intelligence (OTBI) report to create ad hoc queries

on transactions and balances

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B. Account Analysis Reports
C. Journals Reports
D. Aging Reports

Answer: C

Question No : 27

You need to define multiple allocation rules as efficiently as possible.

Which three components can be reused across allocation rules?

A. Point of View (POV)

B. Run Time Prompts (RTP)
C. Formulas
D. RuleSets

Answer: B,C,D

Question No : 28

You created your first Implementation Project and assigned the Application
Implementation Consultant role to your user. However, you are unable to access Oracle
Identity Management (OIM). This issue was caused because you did not assign the_____.

A. Line Manager role to your user

B. Application Implementation Manager role to your user
C. IT Security Manager role to your user
D. Superuser role to your user

Answer: A

Question No : 29

Your customer has enabled encumbrance accounting. You have a control budget with the
advisory level set at control. For November 2015, your budget for a given combination is
$5,000 USD. You have an approved requisition of $900 USD and you have an approved
purchase order of $2,500 USD. An adjustment encumbrance journal is created in the
General Ledger for the obligation type for $1,600 USD. You then cancelled the approved
PO line of $400 USD. For November 201b, you created a new invoice by matching to the
PO for $2,100 USD.

Which two statements are true?

A. Purchase order encumbrance will be released for $2100 USD.

B. As there are cancellations for $400 USD, the system will partially reserve the funds in
November 2015 and fully reserve it in December 2015.
C. As you are matching to a purchase order, the system will allow the user to create an
invoice with the reservation status of Reserved.
D. Encumbrance entries are created only for nonmatched Invoices, so the system wil will not
create any encumbrance accounting entries.
E. The system always consumes budget of future periods if the limit for the current period
is expired, so December 2015 budget will be considered for reservation.

Answer: C,E

Question No : 30

You create a prepayment for USD l00 and validate it to consume the budget and reduce
available funds under the prepayment account. You then pay the prepayment of USD 100
create an invoice for USD 300, and validate the* invoice to consume the budget and
reduce
duce available funds for the expense
expense-accounts
accounts used in the invoice. You then apply the
prepayment fully on to the invoice and revalidate it.

What happens to the available funds when you apply a prepayment that requires
budgetary control?

A. The prepayment
ent application was already released at the time of payment and the
invoice consumes funds of 300 USD.
B. The prepayment application releases funds of 200 USD ^nd the invoice consumes funds
of lOO USD, with a net decrease to available funds of 200 USD.
C. Available funds will not change till invoice is approved.
D. The prepayment application releases funds of lOO USD and the invoice consumes
funds of 300 USD, with a net decrease to available funds of 200 USD.
E. The prepayment application releases funds of 300 USD and the invoice consumes
funds of 300 USD, with a net decrease to available funds of 100 USD.
F. The budget will be released only foi the USD 30O invoice amount.

Answer: F

Question No : 31

What is the most efficient way to add a new year to the accounting calendar?

A. Add the periods manually

B. Use the Add Year button
C. Import the periods from a spreadsheet
D. The application automatically populates the next year when you open the first period
a new
fiscal year.

Answer: D

Question No : 32

Your customer wants to have balance sheets and income statements for their cost center
and program segments. That is, they want to have three balancing segments.

Which two recommendations would you give your customer?

A. When entering journals manually, the customer will need to make sure that the debits
and credits are equal across all balancing segments because the system will not
automatically balance the journal.
B. Every
very journal where debits do not equal credits across the three balancing segments
will result in the System generating extra journal lines to balance the entry.
C. Additional intercompany rules will need to be defined for the two additional
balancing segments.
D. Ledger balancing rules will need to be defined to instruct the system on how to
generate balancing entries for the second and third balancing segments.

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Answer: A,D

Question No : 33

Your customer is having issues transferring intercompany transactions to General Ledger..

Identify three reasons for this.

A. The intercompany transaction is not approved.

B. The corresponding Payables and Receivables invoice have not been generated.
C. If they are different, then the exchange rate is missing between the intercompany
and ledger currency.
D. The intercompany period is closed.
E. Both the intercompany and general ledger periods are open.

Answer: A,B,C

Question No : 34

Which reporting tool is best suited for submitting high

high-volume
volume transactional reports, such
as invoice Registers or Trial Balance reports, that can be configured to extract the data in
Rich Text Format or XML?

A. Financial Reporting Center

B. Oracle Transactional
sactional Business Intelligence (OTBI)
C. Intelligence Publisher (BI Publish.
D. Smart View
E. Oracle Business Intelligence Applications (OBIA)

Answer: B

Question No : 35

After loading your budget data into Fusion General Ledger, you can view budget balances
using these feature.
Which feature does not belong on the list?

A. Application Development Framework Desktop Integration(ADFdi)

B. Account Inspector
C. Account Monitor
D. Smart View

Answer: B

Question No : 36

Your customer is using budgetary control and encumbrance. You have an open
purchase order for $500 USD, which you decide to match to an invoice for $300 USD.

What will be the fund status of the purchase order and invoice?

A. The purchase order is Partially Liquidated and the invoice is Partially Reserved.
B. The purchase order is Partially Liquidated and the invoice will be reserved.
C. Both are reserved.
D. The purchase order is liquidated and the iinvoice
nvoice is Partially Reserved. E. Both
are Partially Reserved.
E. The purchase order is Open and the invoice is validated.

Answer: C

Question No : 37

Your company wants to change the Cumulative Translation Adjustment (CTA) account to
record gains/losses from varying currency rates.

What steps must you perform to achieve this objective without causing data corruption?

A. Purge all translated balances, change the CTA account in the Ledger page, and
rerun Translation for all periods required.
B. 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.
C. 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.
D. Define a new ledger and accounting configuration. The CTA account cannot be updated
after the ledger has been in use.

Answer: B

Question No : 38

Which two are prerequisites for creating subledger accounting entries?

A. Completing accounting transformation definition and activating Subledger Journal

Entry Rule Set assignments for the Accounting Method
B. Populating supporting reference information in reference objects
C. Selecting source values from transaction objects
D. Creating subledger accounting events
E. Completing preaccounting validation

Answer: B,E

Question No : 39

Who are the three primary Functional Setup Manager users?

A. End Users that perform transaction processing

B. Implementation Project Managers and Consultants
C. System Administrators
D. Application Developers
E. C-Level Executives

Answer: A,B,C
Question No : 40

You want to automatically post journal batches imported from subledger source to prevent
accidental edits of deletions of the subledger sources journals, which could cause an out -
of-balance situation between your sub ledgers and general ledger.

Which two aspects should you consider when defining your AutoPost Criteria?

A. Use the All option for category and accounting period to reduce maintenance
and ensure that all imported journals are included in the po
posting process.
B. Include all of your sub ledger sources in the AutoPost Criteria. Divide up criteria sets
by subledger source only if you need to schedule different posting times.
C. Create your AutoPost criteria using minimal source and categories.
D. Schedule your AutoPost Criteria set to run during off
off-peak hours only

Answer: B

Question No : 41

Your customer is reconciling their Intercompany Receivables accounts.

Which two reports should they use In addition to using the intercompany Re
Reconciliation
conciliation
report?

A. Receivables Aging by General Ledger Account report

B. General Ledger Trial Balance report
C. Receivables to General Ledger Reconciliation report
D. AR Aging report

Answer: C

Question No : 42

Which statement is true when creating an Implementation Project for Financials Cloud?

A. The Implementation Project is preconfigured and cannot be deleted or changed.

B. Plan your implementation project carefully because you cannot delete it or make
changes later.
C. You must select the Offering "Financials," and each individual product or option
to perform the setup for each product in Financials Cloud.
D. Selecting the Offering "Financials," automatically allows you to perform the setup for
all Financials Cloud products.
E. You only need to make the project name unique, then you can perform the setup for
any product family, such as Financials, Procurement, Human Capital Management and
Supply Cham Management.

Answer: C

Question No : 43

You are implementing Segment Value Security rules. Which two statements are true?

A. You can use hierarchies to define rules.

B. The Segment Value Security rules do not take effect until you assign the rules to users
and products.
C. When you enable Segment Value Security on a segment, users will not be able to
access any values until you grant access to users and products.
D. When you enable or disable Segment Value Security, you do not need to redeploy
your chart of accounts.

Answer: A,C

Question No : 44

You've set up the standard accrual with encumbrance accounting for your ledger and you
realized that the encumbrance journals are defaulting with current date as the accounting
date.

What is causing this?

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A. The subledger accounting option Is set to system date.
B. The actual accounting date was set up under the encumbrance accounting Default Date
Rule.
C. The system date was set up under the encumbrance accounting Default Date Rule.
D. The current transaction accounting date was set up under the encumbrance
accounting Default Date Rule.
E. The prior related transaction accounting date was set up under the encumbrance
accounting Default Date Rule.

Answer: D

Question No : 45

Your new accountants have been making mistakes in reconciling accounts assigned
to them. Yourbalances have either spiked or dropped 30-40%
30 40% every period due to
human error. This causes delays in reconciliation.

What feature can you use to be proactively notified of account anomalies in a more
timelymanner?

A. Smart View
B. Financial Reports with Embedded charts
C. Account Monitor
D. Account Inspector and its charts

Answer: A

Question No : 46

What Is Oracle Essbase?

A. A robust reporting and analysis tool

B. A relational database
C. A data ware house
D. A multidimensional Online Analytical Processing (OLAP) server that is embedded
in Fusion GeneralLedger

Answer: B

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Question No : 47

Fusion Accounting Hub includes Hyperion Data Management. For which two tasks can
Hyperion Data Management be used?

A. chart of accounts hierarchy maintenance

B. integration with transactions from external feeder systems
C. chart of accounts master data maintenance
D. data access and security
E. cross-validation rules

Answer: A,C

Question No : 48

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. ADB provides organizations with the ability to track average and end-of-day
end
balances, reportaverage balance sheets, and create custom reports using both
bo actual
and average balances.
B. Average balances are stored for both subledger balances and general ledger balances.
C. Average balances are stored in the Essbase cube.
D. Average balances are maintained for both actual and budget balances.
E. When using ADB, you must define a daily calendar and assign it to your ADB ledger.

Answer: A,D

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Question No : 49

You want to process multiple allocations at the same time. What feature do you use?

A. RuleSets
B. Point of View (POV)
C. Formulas
D. General Ledger Journal entries

Answer: C

Question No : 50

While troubleshooting the encumbrance entries created for the requisition for your
business unit, you noticed that only a few events are triggering the encumbrance journals
when you submit he create accounting program.

What are the two events?

A. Funds check
B. Requisition approved
C. Requisition rejected by the buyer
D. Submit the requisition for approval
E. Checkout and Save the requisition
F. Create change request on the requisition after submitting requisition for approval

Answer: B,F

Question No : 51

You want to display OTBI reports and graphs in PowerPoint to show general ledger or
subledger data.

How do you accomplish this?

A. Download OTBI reports and charts to a spreadsheet and then copy and paste the
spreadsheet to PowerPoint
B. Use SmartView to create reports and charts using general ledger and subledger subject
areas embed the charts/reports into PowerPoint
C. Use Smart View and Oracle BI EE View Designer to create reports in PowerPoint, Word,
and Excel.
D. Use Account Inspector and then export to Excel and copy and paste into PowerPoint.

Answer: C

Question No : 52

Your customer has three legal entities, 50 departments, and 10,000 natural accounts. They
use intercompany entries.

What is Oracle's recommended best practice when implementing; a new chart of

accounts? How many segments and what segment qualifiers should be used?

A. Define three segments for the company, department, and natural account. The qualifiers
shouldbe primary balancing segment, cost center segment, and natural account segment,
respectively
B. Define four segments for the company, department, natur.il account, and
intercompany segment. The qualifiers should be primary balancing segment, cost center
segment, natural account segment, and intercompany segment, respectively.
C. Define five segments for thee company, department, natural account, intercompany, and
future use segment. The qualifiers should be primary balancing segment, cost center
segment, natural account segment, intercompany segment, and no qualifier, respectively.
D. Define three segments toror the company, department, and natural account. The qualifiers
for the first segment should be primary balancing segment and intercompany segment,
cost center segment, and natural account segment, respectively.

Answer: C

Question No : 53

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All of your subsidiaries reside on the same application instance, but some of them require
a different chart of accounts and/or accounting calendar and currency. There is no minority
interest or partial ownerships.

What is Oracle's recommend approach to performing consolidations?

A. Use Oracle Hyperion Financial Management for this type of complex consolidation.
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. Translate balances to the corporate currency for ledgers not in the corporate currency,
use General Ledger's Financial Report
Reporting
ing functionality to produce consolidated reports by
balancing segment where each report represents a different subsidiary.
D. Create separate ledgers for each subsidiary that shares the same chart of accounts,
calendar, currency and accounting method. Create
Create a separate elimination ledger to enter
intercompany eliminations, then create a ledger set across all ledgers and report on the
ledger set.

Answer: D

Question No : 54

You are creating financial statements and want to have charts, such as a bar
graph, automatically inserted to improve the understanding of the financial results.

What’s the most efficient way to achieve this?

A. When viewing the report, download to Excel and use Excel's Charting features to create
your bar graph.
B. When designing your financial statement using Financial Report (FR), embed a chart
into your report
C. Use Account Inspector that automatically creates graphs on financial
balances. D. Use Smart View, which is and Excel Add-on
Add

Answer: C

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Question No : 55

Identify three functions of Functional Setup Manager.

A. Provide a central place to access and perform all of the setup steps across Fusion
application product
B. Automatically generate lists of setup tasks in the correct sequence with dependencies
highlighted.
C. Automatically mark the status of tasks as Completed after they have been completed. D.
Assign setup tasks to individuals with due dates where users must manually update their
completion status.
E. Centrally manage the close processes across subledgers and ledgers.

Answer: A,B,E

Question No : 56

You want to monitor the dose process of all your financial subledgers and ledgers.

How can you quickly obtain this information?

A. Access each subledgers' calendar and General Ledger's Manage Accounting Periods
page to view the status of each period.
B. Use the Manage Accounting Periods page to view the status of all subledgers
and ledgers.
C. Use
se Close Monitor in General Accounting Dashboard.
D. Run Closing Status reports.

Answer: D

Question No : 57

Your Financial Analyst needs to interactively analyze General Ledger balances with the
ability down to originating transactions.

Which three features facilitate this?

A. Account Inspector
B. Smart View
C. Account Monitor
D. Online Transactional Business Intelligence
E. Financial Reports published to Excel

Answer: E

Question No : 58

In which two ways can your users customize the Dashboards and Work Areas to suit their
individual working styles?

A. They can format each table by hiding and showing columns, moving columns, and
resizing columns.
B. They can use Personalization
onalization to move and remove regions from those pages.
C. Users have very little control customizing their Dashboards and Work Areas; they can
only resize columns.
D. They can have the System Administration customize pages for them using Page
Composer.

Answer: C

Question No : 59

Your customer wants to create fully balanced balance sheets for the Company, Line
of Business, and product segments for both financial and management reporting.

What is Oracle's suggested best practice for doing this?

A. Create a segment that acts as the primary balancing segment and create values
that represent a concatenation of all three business dimensions.
B. Use account hierarchies to create different hierarchies for different purposes and use
those hierarchies for reporting.
C. Create three segments and qualify them as the primary balancing segment, second,
and third balancing segments, respectively.
D. Create two segments where the first segment represents the concatenation of Company
and Line of Business, and then enable secondary tracking for the Product Segment.
Answer: C

Question No : 60

Which three objectives must be considered when designing the chart of accounts?

A. Effectively manage an organization's financial business.

B. Consider implementing a single, global chart of accounts
C. Anticipate growth and maintenance needs as organizational changes occur.
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.

Answer: A,B,C

Question No : 61

Before implementing Fusion Financials, your customer used to manually reconcile their
intercompany payables and receivables accounts.

What is a more automated approach to do this?

A. Run the BI Publisher reports called Intercompany Transaction Summary and Account
Details to automatically reconcile intercompany balances.
B. Create a query using Oracle Transactional
Transactional Business Intelligence (OTBI) that will match
the intercompany payables and receivables balances.
C. Run the Intercompany Reconciliation report, which shows pairs of intercompany
receivables and payables accounts that are out of balance.
D. In Fusion Financials, you must manually reconcile your intercompany account
balances. E. Use Oracle Hyperion Close Manager to automatically reconcile intercompany
account balances.

Answer: B

28
Question No : 62

You are required to change today's daily rates for converting GBP to USD. What are three
ways in which you can update existing daily rates?

A. Use the spreadsheet loader from the Currency Rates Manager.

B. Import daily rates through the Daily
Dail Rates open interface table.
C. Update rates manually using the Currency Rates Manager, which can be accessed only
from the Functional Setup Manager
D. Update rates manually using the Currency Rates Manager, which can be accessed from
the Functional Setup Manager or the General Ledger's Period Close work area. E. Edit
existing transactions and update the rates manually.

Answer: B,C,D

Question No : 63

Identify three differences between Oracle Transactional Business Intellige

Intelligence
nce (OTBI) and
Oracle Business Intelligence Applications (OBIA).

A. OBIA is based on the universal data warehouse design with different prebuilt adapters
that canconnect to various source application
B. Both OBIA and OTBI provide a set of predefined reports
reports and dashboards and a library of
metrics that help to measure business performance
C. OBIA works for multiple sources including E-Business
E Business Suite, PeopleSoft, JD Edwards,
SAP, andFusion Applications.
D. OTBI allows you to create custom reports from real-time
time transactional data against
thedatabase directly
E. Cloud customers can use both OTBI and OBIA.

Answer: B,C,D

Question No : 64

Which two methods can your General Ledger accountants use to more easily view large
amounts of contained in
n the tables in their work areas?

A. Detach the table to resize it to the maximum size of the monitor

B. Export the table to Excel.
C. Run a Business Intelligence Publisher report with Excel as the output format.
D. Use the Freeze feature on the tables to scroll through large amounts of data.

Answer: A,B

Question No : 65

You are implementing Financials Cloud and are using spreadsheets to load Legal
Entities, Business Units, and Account Hier
Hierarchies.

Which three setup objects can be loaded via a spreadsheet from Functional Setup
Manager?

A. complete Accounting Configuration

B. Suppliers and Customers
C. Banks, Bank Accounts, and Branches
D. chart of account values, accounting calendar, and ledger
E. setup data for Receivables and Payables product.

Answer: B,C,D

Question No : 66

You are implementing Fusion Accounting Hub for your external Accounts Receivables
system. The external system sends invoices billed and cash receipts in a flat file, along with
the customer classification information. You want the accounting amounts to be tracked by
customers too but you do not want to add a Customer segment to your chart of accounts.

What is the solution?

A. Use the Open Account

ccount Balances Listing report that has balances by customer.

30
B. Use the Third Party Control Account feature.
C. Use Supporting References to capture customer classification information.
D. Capture customer information as the source and develop a custom report using
Online Transactional Business Intelligence (OTBI).

Answer: C

Question No : 67

Your customer wants to use a clearing company to automatically balance Intercompany

entries. Which three statements are true regarding the use of a clearing company value?

A. Clearing companies are not supported.

B. If you map legal entities to balancing segment values, then a clearing company can
only be applied within a legal entity.
C. You must map legal entities to balancing segment values in order to use a clearing
company.
D. If you do not map legal entities to balancing segment values, then a clearing company
can be applied to any journal within the ledger.
E. If you choose to use a clearing compa
company,
ny, you can define a default clearing company
value or select the clearing company value directly in the general ledger journal.

Answer: A,C,E

Question No : 68

Your user forgot the password. How do you resolve this?

A. Use the Manage Users page to update the user's information and change the password.
B. Use Oracle Identity Management (OIM) to reset the user's password.
C. Log in to the user's machine as an Administrator and change the password from the
login pa
D. Use Access Policy Manager (APM) to reset the user's password.
E. Create a new user ID and password for the user.

Answer: B

31
Question No : 69

You need to create a month-end

end rere-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. Using Workspace, assemble multiple reports into a book.

B. Use a Report Batch to run report
reportss at a specific time to create set of snapshot reports
based on accounting information at that specific point in time. C. Users can drill down
on snapshot reports for future analysis.
D. The report contained in the book can be printed or viewed individual
individually
ly or as an
entire book thatincludes a table of contents.
E. Snapshot reports can only be viewed online.

Answer: A,B,D

Question No : 70

You transact in 50 different currencies and you need to define a high volume of revaluation
definitions. Which two methods are Oracle recommended best practices for streamlining
this process?

A. Define separate revaluation definitions for each class of accounts, currency, and
different rate types.
B. Use hierarchies and parent values in your revaluation definition.
d
C. Share revaluation definitions across ledgers that share the same chart of accounts.
D. Define one revaluation definition for all accounts (assuming all ledgers share the same
chart of accounts) and simply change the parameters at run time.

Answer: B

Question No : 71
The budget managers specify the budget accounts they want to monitor and decide on
percentage threshold of funds availability.

Where must you define the details while analyzing budget balances in the Budget
Account Monitor page?

A. Budget Group
B. Application Development framework Desktop Integral ion (ADFdi)
C. Account Group
D. Budget Controller
E. Budget Account Group

Answer: C

Question No : 72

Your customer uses Financials Cloud, Projects, Inventory and Procurement.

Which two statements are true regarding intercompany accounting tor these products?

A. Each product has its own Intercompany Accounting feature that needs to be set
up separately.
B. Intercompany Balancing Rules are defined centrally and applied across
Financials, Portfolio Project
Management and Supply Chain Management products.
C. Within Financials Cloud, Intercompany Balancing Rules are used to balance
balanc both cross-
ledger intercompany transactions and single ledger intercompany journals.
D. They need to license a separate stand
stand-alone
alone Intercompany product that acts as
the Intercompany Accounting Hub.

Answer: A,D

Question No : 73

You defined a tree or hierarchy, but you are unable to set its status to Active.

What is the reason?

A. Chart of accounts was not deployed.
B. Accounting Configuration was not submitted
submitted-
C. An Audit process needs to be successfully performed before a tree version can be set to
Active.
D. Two tree versions were not defined

Answer: D

Question No : 74

Your customer wants to control spending against an annual budget but report balances
on a monthly year-to-date
date basis. Encumbrance accounting is also in use.

What setup is required to achieve this requirement?

A. Create an annual budget with absolute control and so encumbrance accounting will
work.
B. Create a summary budget annually with advisory control and control budget
monthly with absolute control.
C. Create a Summary budget annually with absolute* control and monthly control budget
with advisory or track control.
D. Create two detail control budgets: annually with absolute control and monthly
with advisory or track control.
E. Create two detail control budgets: annually with advisory/track control and monthly
with absolute control.

Answer: A

Question No : 75

What process must be followed to propagate a chart of accounts hierarchy to the Essbase
cube?

A. Define the hierarchy, then deploy the chart of accounts. The chart of
accounts hierarchies will be generated automatically.
B. Define the hierarchy, make sure the tree version is active, and then run the publish
account Hierarchies program or the Publish Chart of Accounts Dimension Members
and Hierarchies
C. Define the hierarchy and make sure the tree is active. The hierarchy will be system
generated for
D. Define the hierarchy, make sure the tree is active, and the Publish check box is selected
for the hierarchy.

Question No : 76

Which two statements are true regarding the export/import of reports?

A. A set of reports are provided for both exported and imported setup data to validate the
export/import processes and setup data.
B. Reports on setup data can be used to compare and analyze how the data might have
changed over time.
C. To view errors encountered during the export or import Process, you must use SQL
queries to obtain that data because no reports exist.
D. A set of reports lists user names, suppliers, and customers that have been
exported/imported
E. The export/import reports are available only for Fusion Customer
Relationship Management.

Answer: C,E

Question No : 77

You are defining an income statement report. You want to allow viewers of the report to be
able to drill down from report balances to the underlying transactions. What do you need to
enable?

A. Drill Through in Grid Properties

B. Report Functions
C. Nothing. All report balances are drillable in all FR Studio reports.
D. Allow Expansion

Answer: D

Question No : 78

What are the two benefits of having the Essbase cube embedded in Fusion General
Ledger?

A. General ledger balances are multidimensional, allowing you to perform robust reporting
and analysis.
B. You can access real-time
time results for reporting and analysis because every time a
transaction is posted in General Ledger, multidimensional balances are also updated
simultaneously.
C. You no longer need to create and maintain hierarchies because the Essbase cubes
are created when you create your chart of accounts. D. Posting performance ce is much
faster.
E. Integrating with third-party
party systems is easier because the Essbase cube provides chart
of accounts mapping rules.

Answer: B,D

Question No : 79

Which two statements are true regarding how Intercompany Balancing Rule, are defied?

A. All ledgers engaged in an intercompany transaction must share the same chart:
of accounts in order to define balancing rules
B. You can only define balancing rules for different journals' sources. You cannot define
balancing rules for different
ferent journal categories.
C. You can define different balancing rules for different combinations of journal sources,
journal categories, and transaction types
D. You can define different rules for different charts of accounts, ledgers, legal entities,
and primary balancing segment value.

Answer: A,D

Question No : 80

Journal approval uses Approvals Management Extension (AMX).

Which AMX builder method is most effective in routing the journals to the Accounting
Manager when the General Ledger Accountant enters the journal?

A. Supervisory level based on HR Supervisors

B. Job level
C. Position
D. Approval Group

Answer: D

Question No : 81

Your customer has enabled budgetary and encumbrance controls at the requisition level.
You have a purchase order for $1,000 USD, which is fully reserved and has one invoice
for $600 USD. When the purchase order is matched through the final match process, the
purchase order is closed for further invoicing.

What happens to the remaining $400 USD?

A. Invoice type will have less funds available by $400 USD.

B. Manual encumbrance journal needs to be entered In General Ledger to release the
budget amount of $400 USD.
C. Only obligation type will have $400 USD funds available.
D. $400 USD will be added back to available funds
E. $400USD will be expired and not available for use.

Answer: A

Question No : 82

Your customer is implementing budgetary control with encumbrance accounting. Your

customer has businesses in Australia, New Zealand, and Singapore with a ledger in each
country with a Corporate chart of account instance that has four segments.

Which two statements are true regarding the creation of a control budget?

A. Control budgets are always absolute to generate encumbrance accounting.

B. A control budget can allow override rules only if the control level is absolute.
C. The control budget structure has all the chart of account segments as budget
segments. D. A control budget is associated to a ledger and creates three control budgets
for Australia, New Zealand, and Singapore.
E. A control budget can be associated with a different calendar than accounting calendar.
Answer: B,E

Question No : 83

You need to integrate Fusion Accounting Hub with external source systems used for Billing.

Identity the step that is not correct when implementing this integration.

A. Analyze external system transactions.

B. Capture accounting events.
C. Determine the accounting impact of transactions.
D. Create the accounting in the source system and then import the journal entries
into subledger accounting.

Answer: D

Question No : 84

Your customer wants to prevent their department managers from viewing the results of
other departments where they have no management authority.

What should be implemented for this type of security?

A. Data Access Sets

B. Cross-Validation Rules
C. Segment Value Security
D. Role-Based Access

Answer: C

Question No : 85

Which two General Ledger work would you assign to all your entry
entry-level
level General Ledger
accountants?

A. Journals Work Area

B. Period Close Work Area
C. Financial Reporting Center
D. General Accounting Dashboard

Answer: A,D

Question No : 86

Your customer is expanding its operations. You defined a new ledger and several
business units. However, you are unable to assign the newly generated data roles to
existing Accounts Payables and Accounts Receivables users in the shared service center.

What should you do to correct the problem?

A. Open the Oracle Identity Management (OIM) and make sure the data roles were
created.
B. Open the Manage Users page and make sure the employees at
C. Open Access Policy Manager (APM) and assign the roles manually
D. Make sure you run the Retrieve Latest LDAP Changes program to regenerate the
data roles.

Answer: C

Question No : 87

You need to distribute departmental expense reports to l00 department managers in

your organization. The report format is the same, but the department values differ.
diffe

What in the most efficient way to achieve this?

A. Set the Department segment as a User Point of View (POV) and submit a report batch
and schedule it: to run for every department. Send the different batch outputs as PDF
attachments via email to different users.
B. Create a single report for all departments. When department managers log in to
Financial Reporting Center, they will only be able to view their department's data based on
Segment Value Security Rules.
C. Set up Bursting Options for your
your batch to prepare multiple versions of a report from a
single process.
D. When defining the report, make the Department Segment a prompt and when users
view the report, they can change the prompt tto their department.

Answer: D

Question No : 88

Which two types of journals can be automatically routed through the journal approval
process?

A. Allocation journals
B. Revaluation journals
C. Manual journals
D. Sub ledger journals
E. Journals imported from third-party
party systems

Answer: C,E

Question No : 89

Your customer has many eliminating entries to eliminate intercompany balances.

The General Ledge does not include a purpose
purpose-built Consolidation feature.

How would you automate the process of creating eliminating entries, assuming
your customer is not using Oracle Hyperion Financial Close Management?

A. Use the spreadsheet template that is accessed from the "Create Journal in
Spreadsheet" task and import the spreadsheet with the the eliminating entries every
period. B. Use the General Ledger's Calculation Manager to define an allocation
definition to eliminate entries that you can generate every period.
C. There is no way to automate this process if the customer is not using Oracle
Hyperion Financial Close Management.
D. Create a manual journal that includes the eliminating entries, and then create a copy
of the Journal batch every period.

Answer: C

Question No : 90
On which three occasions are Essbase balances updated?

A. Every time the tree version is published

B. Every time journals are posted to the general ledger
C. Every time you run the batch program called "Update Essbase
Balances" D. At report run-time
E. Every time you open a new period

Answer: A,B,D

Question No : 91

Your customer has only licensed Fusion Financials and wants to use approval workflows.

Using which page to enter users and assign roles does Oracle consider best practice?

A. Manage Users
B. Hire a New Ernployee
C. Oracle Identity Management (OIM)
D. Policy Manager (APM)
E. Financials not a stand-alone
alone product

Answer: C

Question No : 92

You want to define a tree or hierarchy for use in reports and allocations.

What three aspects should you remember when creating the tree?

A. You need to flatten the rows to be able to use drilldown in Smart View and you
must publishtree to view the hierarchy in Essbase cubes.
B. You must flatten the columns and publish the tree to view the hierarchy in
Essbase cubes.
C. The tree should have at least two tree versions to reduce report and allocation
maintenance.
D. You only need to flatten the columns if you plan to use the hierarchy in Oracle
Transactional Business
ness Intelligence (OTBI).
E. It is fine to have the same child value roll up to two or more different parent values.

Answer: B,C,E

Question No : 93

Your enterprise structure has one ledger and two business units. Business unit one wants
to enable budgetary control for Requisitioning only in Procure-to-Pay
Procure Pay Business Functions
and business unit two wants to enable budgetary control for Payable Invoicing only in
Procure-to-Pay
Pay Business Functions
Functions.

Which two statements are correct?

A. While defining control for business unit two, enable control at Requisitioning and
define the exceptions to only include invoicing.
B. Define control for business unit two to disable control for Requisitioning,
Purchasing, and Receiving.
C. Define budgetary control at ledger level with Budgetary Control Exceptions for each
business unit.
D. While defining control for business unit one, disable control lor Purchasing, Payable
Invoicing, and
Receiving.
E. While defining control for business unit one, enable control at purchasing and define
the exceptions to only include requisitioning.
F. Define budgetary control at ledger level and only encumbrance controls at the business
units.

Answer: A,F

Question No : 94

You need to build a complex account rule. Which four value types can you use in your
definition?

A. Value Set
B. Constant
C. Existing Account Rule
D. Account Combination
E. Mapping Set
F. Source

Answer: A,B,C,F

Question No : 95

You are required to enter a high volume of users into the system. What does
Oracle consider best practice to do this?

A. Use SQL to populate the HR interface tables and load employees in bulk.
B. Use the spreadsheet templates available in Oracle Enterprise Repository (OER) and
then import users into Fusion Applications.
C. Use the "Hire an Employee" user interfaceto inter each user manually.
D. Use the spreadsheet available in Oracle Identity Manager (OI
(OIM)
M) to import users.
E. Use the “Enter a Supplier" user interface to enter each user manually.

Answer: D

Question No : 96

Invoices received from a source system need to use a specific account based on 30
different expense types. However, if the invoice is from a specific supplier type, it needs to
go to a default account regardless of the account type.

What is the solution?

A. Create two journal line rules with a condition of supplier type.

B. Create an Account Rule with 31 rule elements using one condition for each expense
type and another for supplier type.
C. Create an Account Rule with two rule elements using one for expense type mapping and
the other for the condition of supplier type.
D. Create an Account Rule with three rule elements using one for expense type mapping,
one for condition of supplier type, and the other without any conditions.

Answer: C

Question No : 97
Your customer is closing their period and they are using Fusion Intercompany to create
physical invoices in Fusion Payables and Receivables.

What is the correct order of steps to close Fusion sub ledgers, Fusion Intercompany, and
Fusion General Ledger?

A. Close Fusion Payables and Receivables periods, close the related intercompany period,
and then close the Fusion General Ledger's period.
B. Close Fusion Payables and Receivables periods, close Fusion General Ledger,
and then close the related intercompany period
C. Close the related intercompany
pany period, close Fusion Payables and Receivables periods,
and then Fusion General Ledger.
D. You only need to close Fusion Payables and Receivables periods followed by the
Fusion GeneralLedger's period.

Answer: C

Question No : 98

You want to be notified of anomalies in certain account balances in real time. What is the
rnost efficient way to do this?

A. Perform an account analysis online.

B. Open a Smart View file saved on your desktop.
C. Create an Account Group using Account Monitor.
D. Use Account Inspector.

Answer: A

Question No : 99

Your customer operates three shared services that perform accounting functions across
50 countries.

44
What feature allows them to share setup data, such as Payment Terms, across Business
Units?

A. Reference Data Sets

B. Business Units functions
C. None. Setup data is partitioned by Business Unit and must be defined separately
per Business Unit.
D. Data Access Sets

Answer: B

Question No : 100

You already ran Translation, but a last

last-minute
minute adjusting journal entry in your ledger
currency was entered after you consolidated your results.

What does Oracle consider best practice when this occurs?

A. Translate only the adjusting journal entry.

B. Rerun Revaluation and then rerun Translation
C. Rerun Translation and then reconsolidate your result
D. Enter another adjusting journal entry in the currency to true up the balances.

Answer: A

Question No : 101

Which repot show you differences between your subledger balances and General Ledger
balances?

A. Payables Trial Balance, Receivables Trial Balance, and General Ledger Trial
Balance reports
B. Payables and Receivables Aging Reports with the General Ledge
Ledgerr Trial Balance report
C. Payables to Ledger Reconciliation Report and the Receivables to Ledger
Reconciliation Report
D. General Ledger Financial Statements and the Accounts Payable and Accounts
Receivables Invoice Registers

Answer: C
Question No : 102

Which two delivered roles can access the full functionality of Functional Setup Manager,

A. Application Implementation Manager

B. Functional Setup Manager Superuser
C. Application Implementation Consultant
D. Any functional user
E. IT Security Manager

Answer: A,C

Question No : 103

Your customer has a large number of legal entities. The legal entity values are defined
in the company segment and the primary balancing segment. They want to easily create
eliminating entries for the intercompany activity.

What should you recommend?

A. Define an intercompany segment in the chart of accounts. The Intercompany module

and the intercompany balancing feature in general
general ledger and sub ledger accounting will
automatically populate the intercompany segment with the balancing segment value of
the legal entity with which you are trading.
B. There is no need to define an intercompany segment. You can track the Intercompany
Intercomp
trading partner using distinct intercompany receivable/payable natural accounts to identify
the trading partner.
C. Define an intercompany segment and qualify it as the second balancing segment to
make sure all entries are balanced for the primary balancing segment and intercompany
segment.
D. There is no need to define an intercompany segment, the Intercompany module keeps
track of the trading partners for you based on the Intercompany rules you define.

Answer: B

Question No : 104
Your customer requires physical invoices to be generated in Fusion Payables and Fusion
Receivables for the intercompany payables and receivables transactions.

What statement is correct with regard to setting this up?

A. You must assign the corresponding Receivables and Payables Business Units.
B. You only need to assign the Legal Entity and Organization Contact.
C. You must perform additional setup steps for Fusion Payables and Fusion Receivables.
D. You can only associate one Intercompany Organization per Legal Entity.

Answer: A
Reference:

http://docs.oracle.com/cd/E27605_01/fscm91pbr2/eng/psbooks/sbil/chapter.htm?File=sbil/h
tm/sbil25.htm

Question No : 105

How can your Accounting Manager expedite Journal processing during the time critical
month end close?

A. by using the Close Status monitor to drill down on the close status across ledgers
B. by using the Journals region to view journals Requiring Attention, Requiring Approval,
and Pending Approval from Others
C. by running the Journals report using Business Intelligence Publisher
D. by creating an ad hoc query on journals using Oracle Transactional Business
Intelligence (OTBI)

Answer: C