Oracle Fusion Financials: General Ledger 2014 Essentials 認定 1z0-408 試験問題:

1. 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-to-date (PTD) method of revaluation tor your income statement accounts.
When should you reverse revaluation journals, if at all required?

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

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

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

3. You want to monitor the dose process of all your financial subledgers and ledgers.
How can you quickly obtain this information?

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

4. 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 factors are responsible for these out-of-balance situations?

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

5. 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) 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.
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.

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